Common use of Acknowledgment and Affirmation Clause in Contracts

Acknowledgment and Affirmation. Holdings, on behalf of itself and each other Credit Party, hereby (i) expressly acknowledges the terms of the Amended Credit Agreement, (ii) ratifies and affirms after giving effect to this Amendment the obligations under the Loan Documents (including guarantees and security agreements), (iii) after giving effect to this Amendment, acknowledges, renews and extends its continued liability under all such Loan Documents and agrees such Loan Documents remain in full force and effect, (iv) agrees that all Collateral shall rank as continuing security for the payment and discharge of the Obligations under or in connection with the Amended Credit Agreement or the Security Documents with effect from the date of its creation and (v) agrees that all Security Documents and the Collateral constituted thereby shall continue in full force and effect in all respects and the Security Documents and this Amendment shall be read and construed together.

Acknowledgment and Affirmation. Crown Holdings, on behalf of itself and each other Credit Party, hereby (i) expressly acknowledges the terms of the Amended Credit Agreement, (ii) ratifies and affirms after giving effect to this Amendment the obligations under the Loan Documents (including guarantees and security agreements), (iii) after giving effect to this Amendment, acknowledges, renews and extends its continued liability under all such Loan Documents and agrees such Loan Documents remain in full force and effect, (iv) agrees that all Collateral shall rank as continuing security for the payment and discharge of the Obligations under or in connection with the Amended Credit Agreement or the Security Documents with effect from the date of its creation and (v) agrees that all Security Documents and the Collateral constituted thereby shall continue in full force and effect in all respects and the Security Documents and this Amendment shall be read and construed together.