Common use of Acknowledgment of Liens Clause in Contracts

Acknowledgment of Liens. Each Borrower hereby acknowledges, confirms and agrees that Agent has and shall continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral granted to Agent for the benefit of the Lenders pursuant to the Loan Documents or otherwise granted to or held by Agent for the benefit of the Lenders.

Acknowledgment of Liens. Each Borrower hereby acknowledges, confirms and agrees that Agent Agent, for the benefit of Lenders, has and shall will continue to have valid, enforceable and perfected first-priority liens Liens upon and security interests in the Collateral heretofore granted to Agent for the benefit of the Lenders pursuant to the Loan Documents or otherwise granted to or held by Agent for the benefit of the and Lenders.

Acknowledgment of Liens. Each Borrower hereby acknowledges, confirms and agrees that Agent Agent, for the benefit of Lenders, has and shall will continue to have valid, enforceable and perfected first-priority liens Liens upon and security interests in the Collateral granted to Agent for the benefit of the Lenders pursuant to the Loan Documents or otherwise granted to or held by Agent for the benefit of the and Lenders.

Acknowledgment of Liens. Each Borrower hereby acknowledges, confirms and agrees that Agent Agent, for its benefit and the benefit of Lenders, has and shall continue to have valid, enforceable and perfected first-priority liens Liens upon and security interests in the Collateral heretofore granted to Agent Agent, for its benefit and the benefit of the Lenders Lenders, pursuant to the Loan Documents or otherwise granted to or held by Agent for the benefit of the Lendersotherwise.