Acknowledgement of Security Interests. Borrowers hereby acknowledge, confirm and agree that Lender Group has and shall continue to have valid, enforceable and perfected first-priority liens upon, and security interests in, the Collateral heretofore granted to Collateral Agent for the benefit of Lenders pursuant to the Loan Documents or otherwise granted to or held by Lender Group, subject to permitted encumbrances, if any.
Appears in 3 contracts
Samples: Agreement and Forbearance Agreement (Equity Media Holdings CORP), Agreement and Forbearance Agreement (Equity Media Holdings CORP), Agreement and Forbearance Agreement (Equity Media Holdings CORP)
Acknowledgement of Security Interests. Borrowers hereby acknowledge, confirm and agree that Lender Group has and shall continue to have valid, enforceable and perfected first-priority liens upon, and security interests in, the Collateral heretofore granted to Collateral Agent for the benefit of Lenders pursuant to the Loan Documents or otherwise granted to or held by Lender Group, subject to encumbrances permitted encumbrancesunder the Credit Agreement, if any.
Appears in 1 contract
Samples: Agreement and Forbearance Agreement (Equity Media Holdings CORP)
