Common use of Company Acknowledgements Clause in Contracts

Company Acknowledgements. The Company hereby acknowledges and agrees that (a) the security interests granted to the Purchasers pursuant to the Existing Security Agreements applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures and (b) the liens granted to the Purchasers pursuant to the Existing Mortgages applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Legend Oil & Gas, Ltd.), Securities Purchase Agreement (Legend Oil & Gas, Ltd.), Securities Purchase Agreement (Legend Oil & Gas, Ltd.)

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Company Acknowledgements. The Company hereby acknowledges and agrees that (a) the security interests interest granted to the Purchasers pursuant to the Existing Prior Security Agreements applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures and (b) the liens lien granted to the Purchasers pursuant to the Existing Prior Mortgages applies apply to and covers cover the obligations of the Company to the Purchasers evidenced by the Debentures.

Appears in 1 contract

Samples: Securities Purchase Agreement (Legend Oil & Gas, Ltd.)

Company Acknowledgements. The Company hereby acknowledges and agrees that (a) the security interests interest granted to the Purchasers pursuant to the Existing Prior Security Agreements applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures and (b) the liens lien granted to the Purchasers pursuant to the Existing Prior Mortgages applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures.

Appears in 1 contract

Samples: Securities Purchase Agreement (Legend Oil & Gas, Ltd.)

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Company Acknowledgements. The Company hereby acknowledges and agrees that (a) the security interests interest granted to the Purchasers pursuant to the Existing Prior Security Agreements Agreement applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures and (b) the liens granted to guarantee by the Guarantors in favor of the Purchasers pursuant to the Existing Mortgages Prior Subsidiary Guarantee applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sg Blocks, Inc.)

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