Common use of Guarantees and Security Clause in Contracts

Guarantees and Security. Effective as of the Agreement Date: (i) each guarantee supporting the Obligations made in favor of the Initial Lender shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such guarantee shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders; and (ii) each security agreement, pledge, control agreement and other security document granting, purporting to grant or otherwise relating to liens granted over the collateral made in favor of the Initial Lender to secure the Obligations shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each applicable Loan Party hereby grants a security interest in such collateral to the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such security agreement, pledge, control agreement and other security document shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders.

Guarantees and Security. Effective as of the Agreement Date: (i) each guarantee supporting the Obligations made in favor of the Initial Lender shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such guarantee shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders; andand‌ (ii) each security agreement, pledge, control agreement and other security document granting, purporting to grant or otherwise relating to liens granted over the collateral made in favor of the Initial Lender to secure the Obligations shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each applicable Loan Party hereby grants a security interest in such collateral to the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such security agreement, pledge, control agreement and other security document shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders.

Guarantees and Security. Effective as of the Agreement Date:Date:‌ (i) each guarantee supporting the Obligations made in favor of the Initial Lender shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such guarantee shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders; and (ii) each security agreement, pledge, control agreement and other security document granting, purporting to grant or otherwise relating to liens granted over the collateral made in favor of the Initial Lender to secure the Obligations shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each applicable Loan Party hereby grants a security interest in such collateral to the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such security agreement, pledge, control agreement and other security document shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders.

Guarantees and Security. Effective as of the Agreement Date:Date:‌ (i) each guarantee supporting the Obligations made in favor of the Initial Lender shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such guarantee shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders; and (ii) each security agreement, pledge, control agreement and other security document granting, purporting to grant or otherwise relating to liens granted over the collateral made in favor of the Initial Lender to secure the Obligations shall be deemed to have been made in favor of the Administrative Agent, for the ratable benefit of the Lenders, and each applicable Loan Party hereby grants a security interest in such collateral to the Administrative Agent, for the ratable benefit of the Lenders, and each reference to the Initial Lender in any such security agreement, pledge, control agreement and other security document shall instead be deemed to be a reference to the Administrative Agent, acting for the ratable benefit of the Lenders.Lenders.‌