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

Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with the Loan Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all liens and security interests other than those exceptions approved by the Lender in writing and as otherwise permitted under the Loan Agreement or the Loan Documents.

Ratification of Liens and Security Interests. The Borrower Each of the Loan Parties hereby acknowledges and the Borrower Affiliates hereby acknowledge and agree agrees that the liens and security interests granted pursuant to or otherwise of Lender, as more fully described in connection with the Loan Credit Agreement and the other Loan Documents Documents, are valid and subsisting liens and security interests and are superior to all liens and security interests other than those exceptions approved by the Lender in writing and as otherwise permitted under the Loan Agreement or the Loan DocumentsCredit Agreement.

Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with the Loan Agreement and the Loan Documents are valid and subsisting liens Liens and security interests and are superior to all liens and security interests other than those exceptions approved by the Lender in writing and as otherwise permitted under the Loan Agreement or the Loan Documents.

Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with of the Construction Loan Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all liens and security interests other than those exceptions approved by the Lender in writing and as otherwise permitted under the Construction Loan Agreement or the Loan Documents.

Ratification of Liens and Security Interests. The Borrower hereby acknowledges and the Borrower Affiliates hereby acknowledge and agree agrees that the liens and security interests granted pursuant to or otherwise in connection with the Loan Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all liens and security interests other than those exceptions approved in the Collateral (as defined in the Loan Agreement), except as expressly permitted by the Lender in writing and as otherwise permitted under the Loan Agreement or the Loan DocumentsAgreement.

Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates Parties hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with of the Loan Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all liens and security interests other than those exceptions approved by the Lender RFC in writing and as otherwise permitted under the Loan Agreement or the Loan Documents.

Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates Parties hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with of the Loan Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all liens and security interests other than Bluegreen Resorts those exceptions approved by the Lender in writing and as otherwise permitted under the Loan Agreement or the Loan Documents.

Ratification of Liens and Security Interests. The Borrower and the Borrower Affiliates each -------------------------------------------- Guarantor hereby acknowledge and agree that the liens and security interests granted pursuant to or otherwise in connection with of the Loan Credit Agreement and the Loan Documents are valid and subsisting liens and security interests and are superior to all other liens and security interests other than those exceptions approved by the Lender in writing and as otherwise permitted under the Loan Agreement or the Loan Documentsinterests.