Common use of Ratification of Liability Clause in Contracts

Ratification of Liability. Borrowers and the other Credit Parties, as debtors, grantors, pledgors, guarantors, assignors, or in other similar capacities in which such parties grant liens or security interests in their properties or otherwise act as accommodation parties or guarantors, as the case may be, under the First Lien Credit Agreement and the Other Documents, hereby ratify and reaffirm all of their payment and performance obligations and obligations to indemnify, contingent or otherwise, under each of such First Lien Credit Agreement and Other Documents to which it is a party, and ratify and reaffirm their grants of liens on or security interests in their properties pursuant to such First Lien Credit Agreement and Other Documents to which they are a party, respectively, as security for the Obligations under or with respect to the First Lien Credit Agreement, and confirms and agrees that such liens and security interests hereafter secure all of the Obligations, including, without limitation, all additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the First Lien Credit Agreement or any Other Document.

Ratification of Liability. Borrowers Issuers and the other Credit Note Parties, as debtors, grantors, pledgors, guarantors, assignors, or in other similar capacities in which such parties grant liens or security interests in their properties or otherwise act as accommodation parties or guarantors, as the case may be, under the First Lien Credit Note Purchase Agreement and the Other Documents, hereby ratify and reaffirm all of their payment and performance obligations and obligations to indemnify, contingent or otherwise, under each of such First Lien Credit Note Purchase Agreement and Other Documents to which it is a party, and ratify and reaffirm their grants of liens on or security interests in their properties pursuant to such First Lien Credit Note Purchase Agreement and Other Documents to which they are a party, respectively, as security for the Obligations under or with respect to the First Lien Credit Note Purchase Agreement, and confirms and agrees that such liens and security interests hereafter secure all of the Obligations, including, without limitation, all additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the First Lien Credit Note Purchase Agreement or any Other Document.

Ratification of Liability. Borrowers Borrower and the other Credit PartiesGuarantors, in each case, as debtors, grantors, pledgors, guarantors, assignors, assignors or in other similar capacities in which such parties grant liens or security interests in their properties or otherwise act as accommodation parties or guarantors, as the case may be, under the First Lien Credit Agreement and the Other Loan Documents, hereby consent to the arrangements in this Agreement and ratify and reaffirm all of their payment and performance obligations and obligations to indemnify, contingent or otherwise, under each of such First Lien Credit Agreement and Other Loan Documents to which it is a party, and ratify and reaffirm their grants of liens on or security interests in their properties pursuant to such First Lien Credit Agreement and Other Loan Documents to which they are a party, respectively, as security for the Obligations under or with respect to the First Lien Credit Agreement, and confirms and agrees that such liens and security interests hereafter secure all of the Obligations, as applicable, including, without limitation, all additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the First Lien Credit Agreement or Agreement, any Other other Loan Document.