Common use of Reaffirmation and Grant of Security Interest Clause in Contracts

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (a) confirms that each Collateral Document (as defined in the Original Credit Agreement) to which it is a party or is otherwise bound and all Collateral encumbered thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness (as such term is defined in the Mortgages) and all other indebtedness, obligations and liabilities under the Mortgages, as the case may be, and (b) reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness and all other indebtedness, obligations and liabilities under the Mortgages (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (a) confirms that each Collateral Document Security Instrument (as defined in the Original Credit Agreement) to which it is a party or is otherwise bound and all Collateral encumbered thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness (as such term is defined in the Mortgages) and all other indebtedness, obligations and liabilities under the Mortgages, as the case may be, and (b) reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness and all other indebtedness, obligations and liabilities under the Mortgages (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (ai) confirms that each Collateral Document Security Instrument (as defined in the Original Credit Agreement) to which it is a party or is otherwise bound and all Collateral encumbered thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness Obligations (as such term is defined in the MortgagesSecurity Instruments) and all other indebtedness, obligations and liabilities under the MortgagesSecurity Instruments, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Instruments, and (bii) reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness and all other indebtedness, obligations and liabilities Obligations under the Mortgages Security Instruments (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (ai) confirms that each Collateral Document Security Instrument (as defined in the Original Credit Agreement) to which it is a party or is otherwise bound and all Collateral encumbered thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness Obligations (as such term is defined in the MortgagesSecurity Instruments) and all other indebtedness, obligations and liabilities under the MortgagesSecurity Instruments, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Instruments, and (bii) reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party’s 's right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness and all other indebtedness, obligations and liabilities Obligations under the Mortgages Security Instruments (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (ai) confirms that each Collateral Security Document (for purposes of this Section 11.16, as defined in the Original Credit Agreement) and each Security Document to which it is a party or is otherwise bound and all Collateral assets, property and interests encumbered thereby, thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness Obligations (as such term is defined in the MortgagesSecurity Documents) and all other indebtedness, obligations and liabilities under the MortgagesSecurity Documents, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Documents, and (bii) reaffirms its grant grants to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party’s 's right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness and all other indebtedness, obligations and liabilities Obligations under the Mortgages Security Documents (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof.

Reaffirmation and Grant of Security Interest. Each Except as released hereby pursuant to Sections 12.11(d) and 13.17(d), each Credit Party hereby (a) confirms that each Collateral Document pledge agreement, Mortgage and Facility Guarantee (each as defined in the Original Existing Credit Agreement, and collectively with all other security documents executed in connection with the Existing Credit Agreement, the “Security Instruments”) to which it is a party or is otherwise bound and all Collateral encumbered thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Credit Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness “Obligations” (as such term is defined in the MortgagesSecurity Instruments) and all other indebtedness, obligations and liabilities under the MortgagesSecurity Instruments, as the case may be, including the payment and performance of all such Obligations under this Agreement and the “Obligations” under the Security Instruments, and (b) reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Indebtedness and all other indebtedness, obligations and liabilities “Obligations” under the Mortgages Security Instruments (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof.