Common use of Confirmation of Security Interest Clause in Contracts

Confirmation of Security Interest. Borrower hereby confirms that all Collateral, liens, and security interests at any time granted by Borrower to Agent for the benefit of Lenders, shall continue unimpaired and in full force and effect and shall continue to cover and secure the Obligations of Borrower to Lenders to the full extent set forth in the Loan Agreement, as amended hereby. All Collateral remains free and clear of any Liens other than Permitted Liens or Liens in favor of Agent for the benefit of Lenders. Nothing herein contained is intended to in any way impair or limit the validity, priority and extent of Agent's existing security interest in and Liens upon the Collateral.