Common use of CBI Acknowledgement Clause in Contracts

CBI Acknowledgement. CBI acknowledges and agrees that (i) any and all liens, security interests and encumbrances granted by CBI pursuant to one or more Credit Documents secure the payment and performance of CBI’s obligations in its capacity as a Borrower and also in its capacity as a guarantor of Atcon’s obligations and (ii) the license of certain assets, rights and interests to CIL pursuant to the Trademark License Agreement is expressly subject to the prior liens and rights of the Agent under the Credit Documents in such assets, rights and interests.

CBI Acknowledgement. CBI acknowledges and agrees that (i) any and all liens, security interests and encumbrances granted by CBI pursuant to one or more Credit Documents secure the payment and performance of CBI’s 's obligations in its capacity as a Borrower and also in its capacity as a guarantor of Atcon’s 's obligations and (ii) the license of certain assets, rights and interests to CIL pursuant to the Trademark License Agreement is expressly subject to the prior liens and rights of the Agent under the Credit Documents in such assets, rights and interests.interests 128

CBI Acknowledgement. CBI acknowledges and agrees that (i) any and all liens, security interests and encumbrances granted by CBI pursuant to one or more Credit Documents secure the payment and performance of CBI’s 's obligations in its capacity as a Borrower and also in its capacity as a guarantor of Atcon’s 's obligations and (ii) the license of certain assets, rights and interests to CIL pursuant to the Trademark License Agreement is expressly subject to the prior liens and rights of the Agent under the Credit Documents in such assets, rights and interests.