Common use of Ratification of Liens and Security Interests Clause in Contracts

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Lender in and to the Collateral and represents, warrants and covenants that such liens and security interests are valid, existing and in full force and effect.

Appears in 5 contracts

Samples: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co)

AutoNDA by SimpleDocs

Ratification of Liens and Security Interests. Borrower and each other Obligor, as applicable, hereby acknowledges acknowledge and ratifies ratify the existence and priority of the Liens granted by Borrower or such Obligor in favor of Lender in and to the Collateral and representsrepresent, warrants warrant and covenants covenant that such liens and security interests are valid, existing and in full force and effect.

Appears in 4 contracts

Samples: Credit Agreement (Radiant Oil & Gas Inc), Credit Agreement (Radiant Oil & Gas Inc), Credit Agreement (Radiant Oil & Gas Inc)

Ratification of Liens and Security Interests. Each Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by each Borrower in favor of Lender in and to the Collateral and representsrepresent, warrants warrant and covenants covenant that such liens and security interests are valid, existing and in full force and effect.

Appears in 3 contracts

Samples: Senior First Lien Credit Agreement (Imperial Resources, LLC), Senior First Lien Credit Agreement (Imperial Resources, LLC), Credit Agreement (Imperial Resources, LLC)

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Lender lender in and to the Collateral and represents, warrants and covenants that such liens and security interests are valid, existing and in full force and effect.

Appears in 2 contracts

Samples: Loan Agreement (Ram Energy Resources Inc), Loan Agreement (Ram Energy Resources Inc)

Ratification of Liens and Security Interests. Borrower hereby acknowledges acknowledge and ratifies ratify the existence and priority of the Liens granted by Borrower in favor of Lender in and to the Collateral and representsrepresent, warrants warrant and covenants covenant that such liens and security interests are valid, existing and in full force and effect.

Appears in 2 contracts

Samples: Credit Agreement (Radiant Oil & Gas Inc), Credit Agreement (Radiant Oil & Gas Inc)

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Lender any of the Lenders or the Administrative Agent for the benefit of the Lenders in and to the Collateral and represents, warrants and covenants that such liens and security interests are valid, existing and in full force and effect.

Appears in 2 contracts

Samples: Credit Agreement (Petroquest Energy Inc), Credit Agreement (Petroquest Energy Inc)

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Lender in and to the Collateral and representsrepresent, warrants warrant and covenants covenant that such liens and security interests are valid, existing and in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Doral Energy Corp.)

AutoNDA by SimpleDocs

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Administrative Agent or any Lender in and to the Collateral collateral described in each of the Security Documents and represents, warrants and covenants that such liens and security interests are valid, existing and in full force and effect.

Appears in 1 contract

Samples: Forbearance Agreement (Doral Energy Corp.)

Ratification of Liens and Security Interests. Borrower hereby (a) acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Lender Administrative Agent for the benefit of the Lenders in and to the Collateral and (b) represents, warrants and covenants that such liens and security interests are valid, existing and in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Doral Energy Corp.)

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Administrative Agent for the benefit of Lender in and to the Collateral and represents, warrants and covenants that such liens Liens and security interests are valid, existing and in full force and effect.

Appears in 1 contract

Samples: Credit Agreement and Limited Waiver (American Standard Energy Corp.)

Ratification of Liens and Security Interests. Borrower hereby acknowledges and ratifies the existence and priority of the Liens granted by Borrower in favor of Lender any of the Lenders or the Administrative Agent for the benefit of the Lenders in and to the Collateral and represents, warrants and covenants that such liens and security interests are valid, existing and in full force and effect.

Appears in 1 contract

Samples: Second Lien Secured Credit Agreement (Petroquest Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.