Common use of Ratification of Security Documents Clause in Contracts

Ratification of Security Documents. Restricted Persons, Administrative Agent, and Lenders each acknowledge and agree that any and all indebtedness, liabilities or obligations arising under or in connection with the LC Obligations or the Notes are Obligations and are secured indebtedness under, are guarantied by, and are secured by, each and every Security Document to which any Restricted Person is a party. Each Restricted Person hereby re-pledges, re- grants and re-assigns a security interest in and lien on every asset of the such Restricted Person described as Collateral in any Security Document and re- guarantees all Obligations under the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

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Ratification of Security Documents. Restricted Persons, Administrative Agent, and Lenders each acknowledge and agree that any and all indebtedness, liabilities or obligations arising under or in connection with the LC Obligations or the Notes are Obligations and are secured indebtedness under, are guarantied by, and are secured by, each and every Security Document to which any Restricted Person is a party. Each Restricted Person hereby re-pledges, re- grants and re-assigns a security interest in and lien on every asset of the such Restricted Person described as Collateral in any Security Document and re- guarantees all Obligations under the Credit AgreementObligations, as amended hereby.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Ratification of Security Documents. Restricted Persons, Administrative Agent, and Lenders each acknowledge and agree that any and all indebtedness, liabilities or obligations arising under or in connection with the LC Obligations Obligations, as amended hereby, or the Notes Notes, as amended hereby, are Obligations and are secured indebtedness under, are guarantied by, and are secured by, each and every Security Document to which any Restricted Person is a party. Each Restricted Person hereby re-pledges, re- re-grants and re-assigns a security interest in and lien on every asset of the such Restricted Person described as Collateral in any Security Document and re- re-guarantees all Obligations under the Credit AgreementObligations, as amended hereby.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Ratification of Security Documents. Restricted Persons, ---------------------------------- Administrative Agent, and Lenders each acknowledge and agree that any and all indebtedness, liabilities or obligations obligations, arising under or in connection with the LC Obligations or the Notes Notes, are Obligations and are secured indebtedness under, are guarantied by, and are secured by, each and every Security Document to which any Restricted Person is a party. Each Restricted Person hereby re- pledges, re-pledges, re- grants and re-assigns a security interest in and lien on every asset of the such Restricted Person described as Collateral in any Security Document and re- re-guarantees all Obligations under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

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Ratification of Security Documents. Restricted Persons, ---------------------------------- Administrative Agent, and Lenders each acknowledge and agree that any and all indebtedness, liabilities or obligations arising under or in connection with the LC Obligations Obligations, as amended hereby, or the Notes Notes, as amended hereby, are Obligations and are secured indebtedness under, are guarantied by, and are secured by, each and every Security Document to which any Restricted Person is a party. Each Restricted Person hereby re-pledges, re- re-grants and re-assigns a security interest in and lien on every asset of the such Restricted Person described as Collateral in any Security Document and re- guarantees re-guaranties all Obligations under the Credit AgreementObligations, as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

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