Common use of Acknowledgment of Security Interests Clause in Contracts

Acknowledgment of Security Interests. Each of the Obligors hereby acknowledge, confirm and agree that the Agent has and shall continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral securing the Loans heretofore granted to the Agent pursuant to the Loan Documents or otherwise granted to or held by Agent or Lenders.

Acknowledgment of Security Interests. Each of the Obligors hereby acknowledgeacknowledges, confirm confirms and agree agrees that the Agent has and shall continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral securing the Loans heretofore granted to the Agent pursuant to the Loan Documents Documents, including the Forbearance Agreement, or otherwise granted to or held by Agent or LendersLenders (except to the extent subordinated under that certain Intercreditor Agreement dated October 4, 2022).

Acknowledgment of Security Interests. Each of the Obligors Obligor hereby acknowledgeacknowledges, confirm confirms and agree agrees that the Agent has has, and shall will continue to have have, valid, enforceable and perfected first-priority continuing liens upon and security interests in the Collateral securing the Loans heretofore granted to Agent, for the Agent benefit of the Secured Parties, pursuant to the Loan Agreement and the Loan Documents or otherwise granted to or held by Agent or LendersAgent, for the benefit of Secured Parties, subject only to the Intercreditor Agreement and Permitted Liens that are expressly allowed to have priority over Agent’s Liens.

Acknowledgment of Security Interests. Each of the Obligors Obligor hereby acknowledgeacknowledges, confirm confirms and agree agrees that the Agent has has, and shall will continue to have have, valid, enforceable and perfected first-priority continuing liens upon and security interests in the Collateral securing the Loans heretofore granted to Agent, for the Agent benefit of the Secured Parties, pursuant to the Loan Agreement and the Loan Documents or otherwise granted to or held by Agent or LendersAgent, for the benefit of Secured Parties, subject only to the Intercreditor Agreement and Permitted Liens that are expressly allowed to have priority over Agent's Liens.

Acknowledgment of Security Interests. Each of the Obligors hereby acknowledge, confirm and agree that the Agent has and shall continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral securing the Loans heretofore granted to the Agent pursuant to the Loan Documents or otherwise granted to or held by Agent or Lenders, except to the extent such liens and security interests have been subordinated with respect to the Creditor Collateral.

Acknowledgment of Security Interests. Each of the Obligors hereby acknowledge, confirm and agree that the Agent has and shall continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral securing the Loans heretofore granted to the Agent pursuant to the Loan Documents or otherwise granted to or held by Agent or Lenders, except to the extent subordinated with respect to the Creditor Collateral.