Common use of Consent and Acceptance Clause in Contracts

Consent and Acceptance. Existing Borrowers and Administrative Agent hereby consent to the assumption by Additional Borrower of the Assumed Obligations and agree and acknowledge that from and after the date of this Joinder, Additional Borrower shall be a “Borrower” for all purposes of the Loan Agreement, the Notes, and each of the other Loan Documents. Additional Borrower agrees to execute and deliver such additional documents as Administrative Agent may reasonably require, including, without limitation, a Security Instrument in favor of Administrative Agent, for its benefit and the benefit of the other Lenders, encumbering all right, title and interest of Additional Borrower in its Additional Property, and the other deliverables required under Section 9.30 of the Loan Agreement.