Common use of Affirmation of Liens Clause in Contracts

Affirmation of Liens. Each of the Borrower and each Guarantor ratifies and confirms that all Liens granted, conveyed, or assigned to Administrative Agent by such Person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby.

Appears in 3 contracts

Samples: Commitment Increase and Joinder Agreement (Martin Midstream Partners Lp), Commitment Increase and Joinder Agreement (Martin Midstream Partners Lp), Commitment Increase and Joinder Agreement (Martin Midstream Partners Lp)

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Affirmation of Liens. Each of the Borrower and each Guarantor ratifies and confirms that all Liens granted, conveyed, or assigned to Administrative Agent by such Person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby. 6.

Appears in 1 contract

Samples: Commitment Increase and Joinder Agreement

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