Common use of Acknowledgment of Security Interests Clause in Contracts

Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms, and agrees that the Lender has and shall continue to have valid, enforceable, and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) pursuant to the SPA and Security Agreements (as defined in the Credit Agreement) or otherwise granted to or held by Original Lender.

Appears in 2 contracts

Samples: Second Forbearance Agreement (Appreciate Holdings, Inc.), Forbearance Agreement (Appreciate Holdings, Inc.)

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Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Financing Agreements (as defined in the Credit Agreement) or otherwise granted to or held by Original Lender.

Appears in 2 contracts

Samples: Forbearance Agreement (Intelefilm Corp), Forbearance and Consent Agreement (Edac Technologies Corp)

Acknowledgment of Security Interests. Each Borrower The Borrowers hereby acknowledgesacknowledge, confirms, confirm and agrees agree that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-first priority liens Liens upon (subject to Permitted Liens ) and security interests in the Collateral (as defined in of the Credit Agreement and/or SPA) Borrowers heretofore granted to Lender pursuant to the SPA and Security Agreements (as defined in the Credit Agreement) Loan Documents or otherwise granted to or held by Original Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Wireless Telecom Group Inc), Loan and Security Agreement (Wireless Telecom Group Inc)

Acknowledgment of Security Interests. Each of Borrower and Guarantors hereby acknowledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Financing Agreements (as defined in the Credit Agreement) or otherwise granted to or held by Original Lender. 4.

Appears in 1 contract

Samples: Grossmans Inc

Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Financing Agreements (as defined in the Credit Agreement) or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: And Forbearance Agreement (Conmat Technologies Inc)

Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms, confirms and agrees that the Lender has has, and shall will continue to have have, valid, enforceable, enforceable and perfected first-priority continuing liens upon and security interests in the Collateral (as defined in heretofore granted to Lender pursuant to the Credit Agreement and/or SPA) pursuant to and the SPA and Security Agreements (as defined in the Credit Agreement) other Loan Documents or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Forbearance Agreement (Katy Industries Inc)

Acknowledgment of Security Interests. Each (a) Borrower hereby acknowledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, a security interest in and perfected first-priority liens lien upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Existing Agreement to secure the Obligations, as well as any Collateral granted under this Agreement or under any of the other Financing Agreements (as defined in the Credit Agreement) or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Am General Corp)

Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Agreements (as defined in the Credit Agreement) Loan Documents or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Trailer Bridge Inc)

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Acknowledgment of Security Interests. Each Borrower Borrowers hereby acknowledgesacknowledge, confirms, confirm and agrees agree that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA Loan Agreements and Security Agreements (as defined in the Credit Agreement) other Loan Documents or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Global Axcess Loan and Security (Global Axcess Corp)

Acknowledgment of Security Interests. Each (a) Borrower hereby acknowledges, confirms, confirms and agrees that the Lender Lender, has and shall continue to have valid, enforceable, a security interest in and perfected first-priority liens lien upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Existing Financing Agreements (to secure the Obligations, as defined in well as any Collateral granted under this Agreement or under any of the Credit Agreement) other Financing Agreements or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Ic Isaacs & Co Inc)

Acknowledgment of Security Interests. Each Borrower hereby acknowledgesacknow- ledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) heretofore granted to Lender pursuant to the SPA and Security Agreements (as defined in the Credit Agreement) Loan Documents or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Trailer Bridge Inc)

Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms, confirms and agrees that the Lender has and shall continue to have valid, enforceable, enforceable and perfected first-priority liens upon and security interests in the Collateral (as defined in the Credit Agreement and/or SPA) assets and properties of Borrower heretofore granted to Lender, pursuant to the SPA and Security Financing Agreements (as defined in the Credit Agreement) or otherwise granted to or held by Original Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Inc)

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