Common use of Reaffirmation of Liens Clause in Contracts

Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ obligations under the Loan Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations.

Appears in 20 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

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Reaffirmation of Liens. (a) Each of the Borrower and each the Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Credit Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Credit Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) an Acceptable Security Interest in the Collateral to secure the Secured ObligationsBorrower’s and Guarantor’s obligations under the Credit Documents, as the same may be amended, supplemented, or otherwise modified.

Appears in 8 contracts

Samples: Waiver Agreement (Stone Energy Corp), Consent Agreement (Stone Energy Corp), Credit Agreement and Guaranty (Stone Energy Corp)

Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s 's and Guarantors’ obligations under the Loan Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations.

Appears in 8 contracts

Samples: Credit Agreement (Extraction Oil & Gas, Inc.), Credit Agreement (Extraction Oil & Gas, Inc.), Credit Agreement (Extraction Oil & Gas, Inc.)

Reaffirmation of Liens. (a) Each of the Borrower and each the Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Credit Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Credit Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations.

Appears in 3 contracts

Samples: Credit Agreement and Joinder Agreement (Triangle Petroleum Corp), Credit Agreement and Joinder Agreement (Triangle Petroleum Corp), Credit Agreement and Master Assignment (Triangle Petroleum Corp)

Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower's and such Guarantor’s and Guarantors’ obligations under the Loan Credit Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ such Guarantor’s obligations under the Loan Credit Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Triangle Petroleum Corp), Credit Agreement (Triangle Petroleum Corp)

Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor the Guarantors (i) is party to certain Security Documents Instruments securing and supporting the Borrower’s and Guarantors’ obligations under the Loan Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents Instruments and that according to their terms the Security Documents Instruments will continue in full force and effect to secure the Borrower’s and Guarantors’ obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modifiedmodified (including by this Agreement), and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents Instruments are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) an Acceptable Security Interest in the Collateral to secure the Secured ObligationsBorrower’s and Guarantors’ obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified (including by this Agreement).

Appears in 2 contracts

Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)

Reaffirmation of Liens. (a) Each of the Borrower and each the Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Extraction Oil & Gas, LLC), Credit Agreement (Extraction Oil & Gas, LLC)

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Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Credit Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ Guarantor’s obligations under the Loan Credit Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) an Acceptable Security Interest in the Collateral to secure the Secured ObligationsBorrower’s and Guarantor’s obligations under the Credit Documents, as the same may be amended, supplemented, or otherwise modified.

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s 's and Guarantors’ obligations under the Loan Credit Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s 's and Guarantors’ obligations under the Loan Credit Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) an Acceptable Security Interest in the Collateral to secure the Secured ObligationsBorrower's and Guarantors’ obligations under the Credit Documents, as the same may be amended, supplemented, or otherwise modified.

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

Reaffirmation of Liens. (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ obligations under the Loan Credit Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Borrower’s and Guarantors’ obligations under the Loan Credit Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) an Acceptable Security Interest in the Collateral to secure the Secured ObligationsBorrower’s and Guarantors’ obligations under the Credit Documents, as the same may be amended, supplemented, or otherwise modified.

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

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