Common use of Reaffirmation of Security Interest Clause in Contracts

Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Joinder, each of the Grantors hereby (a) confirms and reaffirms the security interests pledged and granted pursuant to the Security Documents and grants a security interest in all of its right, title and interest in the Collateral (as defined in the applicable Security Documents), whether now owned or hereafter acquired to secure the Secured Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under its guarantees pursuant to the applicable Senior Secured Note Documents and the Additional Secured Debt Documents and agrees that such guarantees shall continue to be in full force and effect, and (c) authorizes the filing of any financing statements describing the Collateral (as defined in the applicable Security Documents) in the same manner as described in the applicable Security Documents or in any other manner as the Collateral Agent may determine is necessary or advisable to ensure the perfection of the security interests in the Collateral (as defined in the applicable Security Documents) granted to the Collateral Agent hereunder or under the applicable Security Documents.

Appears in 3 contracts

Samples: Collateral Trust Agreement, Collateral Trust (Ak Steel Holding Corp), Collateral Trust Agreement (Ak Steel Holding Corp)

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Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Joinder, each of the Grantors Trustors hereby (a) confirms and reaffirms the security interests pledged and granted pursuant to the Security Collateral Documents and grants a security interest in all of its right, title and interest in the Collateral (as defined in the applicable Security Collateral Documents), whether now owned or hereafter acquired to secure the Secured Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under its guarantees pursuant to the applicable Senior Secured Note Documents and the Additional Secured Debt New Documents and agrees that such guarantees shall continue to be in full force and effect, and (c) authorizes the filing of any financing statements describing the Collateral (as defined in the applicable Security Collateral Documents) in the same manner as described in the applicable Security Collateral Documents or in any other manner as the Collateral Agent may determine is necessary necessary, advisable or advisable prudent to ensure the perfection of the security interests in the Collateral (as defined in the applicable Security Collateral Documents) granted to the Collateral Agent hereunder or under the applicable Security Collateral Documents.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Harbinger Group Inc.), Collateral Trust Agreement (Harbinger Group Inc.)

Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Joinder, each of the Grantors hereby (a) confirms and reaffirms the security interests pledged and granted pursuant to the Parity Lien Security Documents and grants a security interest in all of its right, title and interest in the Collateral (as defined in the applicable Parity Lien Security Documents), whether now owned or hereafter acquired to secure the Secured Parity Lien Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under its guarantees pursuant to the applicable Senior Secured Note Documents and the Additional Secured Debt Parity Lien Documents and agrees that such guarantees shall continue to be in full force and effect, and (c) authorizes the filing of any financing statements describing the Collateral (as defined in the applicable Parity Lien Security Documents) in the same manner as described in the applicable Parity Lien Security Documents or in any other manner as the Collateral Agent Trustee may determine is necessary necessary, advisable or advisable prudent to ensure the perfection of the security interests in the Collateral (as defined in the applicable Parity Lien Security Documents) granted to the Collateral Agent Trustee hereunder or under the applicable Parity Lien Security Documents.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Viasystems Group Inc), Intercreditor Agreement (Viasystems Inc)

Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Joinder, each of the Grantors hereby (a) confirms and reaffirms the security interests pledged and granted pursuant to the Security Documents and grants a security interest in all of its right, title and interest in the Collateral (as defined in the applicable Security Documents), whether now owned or hereafter acquired to secure the Secured Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under its guarantees pursuant to the applicable Senior Secured Note Documents and the Additional Secured Parity Lien Debt Documents and agrees that such guarantees shall continue to be in full force and effect, and (c) authorizes the filing of any financing statements describing the Collateral (as defined in the applicable Security Documents) in the same manner as described in the applicable Security Documents or in any other manner as the Collateral Agent Trustee may determine is reasonably necessary or advisable to ensure the perfection of the security interests in the Collateral (as defined in the applicable Security Documents) granted to the Collateral Agent Trustee hereunder or under the applicable Security Documents.

Appears in 2 contracts

Samples: Collateral Trust Agreement (CVR Energy Inc), Collateral Trust Agreement (CVR Partners, Lp)

Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Agency Joinder, each of the Grantors hereby (a) confirms and reaffirms the security interests pledged and granted pursuant to the Security Documents and grants a security interest in all of its right, title and interest in the Collateral (as defined in the applicable Security Documents), whether now owned or hereafter acquired to secure the Secured Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under its guarantees pursuant to the applicable Senior Secured Note Documents and the Additional Secured Debt Documents and agrees that such guarantees shall continue to be in full force and effect, and (c) authorizes the filing of any financing statements describing the Collateral (as defined in the applicable Security Documents) in the same manner as described in the applicable Security Documents or in any other manner as the Collateral Agent may determine is reasonably necessary or advisable to ensure the perfection of the security interests in the Collateral (as defined in the applicable Security Documents) granted to the Collateral Agent hereunder or under the applicable Security Documents.

Appears in 1 contract

Samples: Collateral Agency Agreement (Molycorp, Inc.)

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Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Joinder, each of the Grantors Loan Party hereby (a) confirms and reaffirms the security interests pledged and granted (or purported to be pledged and granted) pursuant to the Security Documents and grants a security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all of its such Loan Party’s right, title and interest in the Collateral (as defined in the applicable Security Documents) (“Collateral”), whether now owned or hereafter acquired to secure the Obligations or the Secured Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effecteffect to the extent set forth in the Security Documents, (b) confirms and reaffirms all of its obligations under its guarantees pursuant NOTE: A request for confidential treatment has been made with respect to the applicable Senior Secured Note Documents and portions of the Additional Secured Debt Documents and agrees following document that such guarantees shall continue to be in full force and effect, and (c) are marked with [*CONFIDENTIAL*]. The redacted portions have been filed separately with the SEC. authorizes the filing of any financing statements (or foreign equivalents) describing the Collateral (as defined in the applicable Security Documents) in the same manner as described in the applicable Security Documents or in any other manner as the Collateral Agent may determine is necessary necessary, advisable or advisable prudent to ensure the perfection of the security interests in the Collateral (as defined in the applicable Security Documents) granted to the Collateral Agent hereunder or under the other applicable Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Alcatel Lucent)

Reaffirmation of Security Interest. By acknowledging and agreeing to this Collateral Trust Joinder, each of the Grantors hereby (a) confirms and reaffirms the security interests pledged and granted pursuant to the Security Documents and grants a security interest in all of its right, title and interest in the Collateral (as defined in the applicable Security Documents), whether now owned or hereafter acquired to secure the Secured Obligations, and agrees that such pledges and grants of security interests shall continue to be in full force and effect, (b) confirms and reaffirms all of its obligations under its guarantees pursuant to the applicable Term Loan Documents, Senior Secured Note Documents and the Additional Secured Debt Documents and agrees that such guarantees shall continue to be in full force and effect, and (c) authorizes the filing of any financing statements describing the Collateral (as defined in the applicable Security Documents) in the same manner as described in the applicable Security Documents or in any other manner as the Collateral Agent Trustee may determine is necessary or advisable to ensure the perfection of the security interests in the Collateral (as defined in the applicable Security Documents) granted to the Collateral Agent Trustee hereunder or under the applicable Security Documents.

Appears in 1 contract

Samples: Collateral Trust Agreement (Spectrum Brands, Inc.)

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