Common use of Ratification of Loan Documents and Liens Clause in Contracts

Ratification of Loan Documents and Liens. Except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Documents are ratified and confirmed and shall continue in full force and effect. Each Credit Party, the Administrative Agent and Lenders agree that the Loan Documents shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. Each Credit Party further expressly acknowledges and agrees that the Lenders have a valid, non-avoidable, enforceable and perfected security interest in and lien against each item of collateral described in the Security Documents, and that such security interest and lien secures the payment Obligations and the performance of all other obligations of the Borrower under the Loan Documents.

Ratification of Loan Documents and Liens. Except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Documents are ratified and confirmed and shall continue in full force and effect. Each Credit Party, The Borrower and the Administrative Agent and Lenders Lender agree that the Loan Documents shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. Each Credit Party The Borrower further expressly acknowledges and agrees that the Lenders have Lender has a valid, non-avoidable, enforceable enforceable, and perfected security interest in and lien against each item of collateral described in the Security Documents, Loan Documents and that such security interest and lien secures the payment Obligations and the performance of all other obligations of the Borrower under the Loan Documents.

Ratification of Loan Documents and Liens. Except as expressly modified and superseded by this AmendmentAgreement, the terms and provisions of the Loan Documents are ratified and confirmed and shall continue in full force and effect. Each Credit Party, the Administrative Agent and Lenders agree that the Loan Documents shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. Each Forbearance Agreement [Meridian] 9 Credit Party further expressly acknowledges and agrees that the Lenders have a valid, non-avoidable, enforceable and perfected security interest in and lien against each item of collateral described in the Security Documents, and that such security interest and lien secures the payment Obligations and the performance of all other obligations of the Borrower under the Loan Documents.