Common use of Confirmation of Liens Clause in Contracts

Confirmation of Liens. Each Borrower acknowledges, confirms and agrees that the Loan Documents, as amended hereby, are effective to grant to Bank duly perfected, valid and enforceable first priority security interests and liens in the Collateral described therein, except for Permitted Liens, and that the locations for such Collateral specified in the Loan Documents have not changed except as provided herein. Each Borrower further acknowledges and agrees that all Obligations of Borrowers are and shall be secured by the Collateral.

Appears in 5 contracts

Samples: Loan Agreement (Alpha Technologies Group Inc), Loan Agreement (Alpha Technologies Group Inc), Loan Agreement (Alpha Technologies Group Inc)

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Confirmation of Liens. Each Borrower acknowledges, confirms and agrees that the Loan Documents, as amended hereby, are effective to grant to Bank Agent and to Lenders duly perfected, valid and enforceable first priority security interests and liens in the Collateral described therein, except for Permitted Liens, therein and that the locations for such Collateral specified in the Loan Documents have not changed except as provided hereinchanged. Each Borrower further acknowledges and agrees that all Obligations of Borrowers such Borrower are and shall be secured by the Collateral.

Appears in 3 contracts

Samples: Loan Agreement (United Natural Foods Inc), Loan Agreement (United Natural Foods Inc), Loan Agreement (United Natural Foods Inc)

Confirmation of Liens. Each The Borrower acknowledges, confirms and agrees that the Loan Documents, as amended hereby, are effective to grant to Bank Lender duly perfected, valid and enforceable first priority security interests and liens in the Collateral described therein, except for subject only to Permitted Liens, and that the locations for such Collateral specified in the Loan Documents have not changed except as provided hereinchanged. Each The Borrower further acknowledges and agrees that all Obligations of Borrowers the Borrower are and shall be secured by the Collateral.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (KVH Industries Inc \De\)

Confirmation of Liens. Each Borrower acknowledges, confirms and agrees that the Loan Documents, as amended hereby, are effective to grant to Bank Lender duly perfected, valid and enforceable first priority security interests and liens in the Collateral described therein, except for Permitted Liens, therein and that the locations for such Collateral specified in the Loan Documents have not changed except as provided hereinchanged. Each Borrower further acknowledges and agrees that all Obligations of Borrowers Borrower are and shall be secured by the Collateral.

Appears in 2 contracts

Samples: Loan Agreement (United Natural Foods Inc), Loan Agreement (United Natural Foods Inc)

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Confirmation of Liens. Each Borrower acknowledges, confirms and agrees that the Loan Documents, as amended hereby, are effective to grant to Bank duly perfected, valid and enforceable first priority security interests and liens in the Collateral described therein, except for Permitted Liens, and that the locations for such Collateral specified in the Loan Documents have not changed except as provided herein. Each Borrower further acknowledges and agrees that all Obligations of Borrowers Borrower are and shall be secured by the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Alpha Technologies Group Inc)

Confirmation of Liens. Each Borrower acknowledgesBorrowers acknowledge, confirms confirm and agrees agree that the Credit Agreement and Loan Documents, as amended herebyamended, are effective to grant to Bank Agent and Lenders duly perfected, valid and enforceable first priority security interests and liens in the Collateral described therein, except for Permitted Liens, and that the locations for such Collateral specified in the Credit Agreement and/or Loan Documents have not changed except as provided hereinchanged. Each Borrower Borrowers further acknowledges acknowledge and agrees agree that all of the Obligations of Borrowers are and shall be secured by the all such Collateral.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Allou Health & Beauty Care Inc)

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