Security Interest Confirmation Clause Samples
The Security Interest Confirmation clause serves to formally acknowledge and confirm the existence of a security interest in specified assets or property. In practice, this clause typically requires one party to affirm that another party holds a valid and enforceable security interest, often as collateral for a loan or other obligation. By including this confirmation, the clause helps ensure that all parties are aware of the security arrangement, thereby reducing the risk of disputes over collateral rights and supporting the enforceability of the lender's claim in the event of default.
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Security Interest Confirmation. The Credit Parties each hereby represent, warrant and covenant that (i) the Lender’s security interests in all of the “Collateral” (as such term is defined in each Security Agreement executed by each of the Credit Parties in connection with the Credit Agreement) are and remain valid, perfected, security interests in such Collateral, (ii) the additional principal amount advanced by the Lender in connection with this Amendment and any and all additional obligations incurred by the Credit Parties in connection therewith constitute Obligations (as defined in the Credit Agreement) and such additional principal amount and additional obligations are each secured by Lender’s security interests in all of the Collateral, and (iii) the Credit Parties have not granted any other encumbrances or security interests of any nature or kind in favor of any other Person affecting any of such Collateral, other than Permitted Liens.
Security Interest Confirmation. The Borrower hereby confirms that the security interest granted to the Issuer under the Security Agreement shall continue to apply to the Amended Agreement.
Security Interest Confirmation. The Credit Parties each hereby represent, warrant and covenant that (i) the Lender’s security interests in all of the “Collateral” (as such term is defined in each Security Agreement executed by each of the Credit Parties in connection with the Credit Agreement) are and remain valid, perfected, security interests in such Collateral, (ii) the additional principal amount advanced by the Lender in connection with this Amendment and the Amended Promissory Note and any and all additional obligations incurred by the Credit Parties in connection therewith constitute Obligations (as defined in the Credit Agreement) and such additional principal amount and additional obligations are each secured by Lender’s security interests in all of the Collateral, and (iii) the Credit Parties have not granted any other encumbrances or security interests of any nature or kind in favor of any other Person affecting any of such Collateral, other than Permitted Liens.
Security Interest Confirmation. The Credit Parties each hereby represent, warrant and covenant that the Lender’s security interests in all of the “Collateral” (as such term is defined in each Security Agreement executed by each of the Credit Parties) are and remain valid, perfected, first priority security interests in such Collateral, and the Credit Parties {25963625;1} have not granted any other encumbrances or security interests of any nature or kind in favor of any other Person affecting any of such Collateral, other than Permitted Liens.
Security Interest Confirmation. Provided that any amounts remain outstanding under the Agreement or the Revolving Note, on March 1 of each calendar year while such amounts remain outstanding, Borrower shall pay Lender a fee of ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$1,250.00) per year for Lender to conduct annual confirmations of its respective security interests in the Collateral.
Security Interest Confirmation. The Credit Parties each hereby represent, warrant and covenant that (i) the Lender’s security interests in all of the “Collateral” (as such term is defined in each Security Agreement executed by each of the Credit Parties in connection with the Credit Agreement) are and remain valid, perfected, security interests in such Collateral, (ii) the fees which the Borrower has agreed to pay to the Lender in connection with this Amendment and the Amended and Restated Promissory Note and any and all additional obligations incurred by the Credit Parties in connection therewith constitute Obligations (as defined in the Credit Agreement) and such fees constitute additional principal amount and additional obligations and are each secured by Lender’s security interests in all of the Collateral, and (iii) the Credit Parties have not granted any other encumbrances or security interests of any nature or kind in favor of any other Person affecting any of such Collateral, other than Permitted Liens.
Security Interest Confirmation. The Company and each Guarantor hereby represent, warrant and covenant that (i) the Buyer’s security interests in all of the “Collateral” (as such term is defined in the Security Agreement) are and remain valid, perfected, security interests in such Collateral, (ii) the Debentures purchased by the Buyer in connection with this Agreement and any and all additional obligations incurred by the Company and each Guarantor in connection therewith constitute Obligations and such additional principal amount and additional obligations are each secured by the Security Agreement and Buyer’s security interests in all of the Collateral, and (iii) the Company and each Guarantor have not granted any other encumbrances or security interests of any nature or kind in favor of any other Person affecting any of such Collateral, other than Permitted Liens.