Common use of Acknowledgement of Liens Clause in Contracts

Acknowledgement of Liens. Each Borrower hereby acknowledges, confirms and agrees that the Administrative Agent has a valid, enforceable and perfected lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan Documents, and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations and liabilities which would be secured thereby prior to giving effect to this Agreement.

Acknowledgement of Liens. Each The Borrower and the Guarantors hereby acknowledgesacknowledge, confirms confirm and agrees agree that the Administrative Agent has a valid, enforceable and perfected first-priority lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan DocumentsDocuments (subject only to Permitted Liens), and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations obligations, and liabilities which would be secured thereby prior to giving effect to this AgreementAmendment.

Acknowledgement of Liens. Each The Borrower and the Guarantors hereby acknowledgesacknowledge, confirms confirm and agrees agree that the Administrative Agent has a valid, enforceable and perfected first‑priority lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan DocumentsDocuments (subject only to Permitted Liens), and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations obligations, and liabilities which would be secured thereby prior to giving effect to this AgreementAmendment.

Acknowledgement of Liens. Each Borrower The Loan Parties hereby acknowledgesacknowledge, confirms confirm and agrees agree that the Administrative Agent has a valid, enforceable and perfected first-priority lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan Documents, and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations obligations, and liabilities which would be secured thereby prior to giving effect to this Agreement.

Acknowledgement of Liens. Each Borrower hereby acknowledges, confirms and agrees that the Administrative Agent has a valid, enforceable and perfected lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan Documents, and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations and liabilities which would be secured thereby prior to giving effect to this AgreementAmendment.

Acknowledgement of Liens. Each Borrower hereby acknowledges, confirms and agrees that the Administrative Agent has a valid, enforceable and perfected first-priority lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan Documents, and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations obligations, and liabilities which would be secured thereby prior to giving effect to this AgreementAmendment.

Acknowledgement of Liens. Each Borrower hereby acknowledges, confirms and agrees that the Administrative Agent has a valid, enforceable and perfected first‑priority lien upon and first-priority security interest in (subject only to Permitted Liens) the Collateral granted to the Administrative Agent pursuant to the Loan Documents, and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations obligations, and liabilities which would be secured thereby prior to giving effect to this AgreementAmendment.