Common use of Loan Documents; Collateral Clause in Contracts

Loan Documents; Collateral. Each Credit Party hereby acknowledges, ratifies, reaffirms and agrees that the Notes, the Credit Agreement and each of the other Loan Documents, as modified hereby, and the first priority, perfected liens and security interests created thereby in favor of Administrative Agent in the Collateral, are and shall remain in full force and effect and binding on such Credit Parties, and in the case of the Notes, the Credit Agreement and each of the other Loan Documents, as modified hereby, are enforceable against the Credit Parties in accordance with their respective terms and applicable law. Each Credit Party hereby grants to Administrative Agent (for the ratable benefit of the Lenders) liens and security interests in the Collateral and acknowledges, ratifies, and reaffirms all of the terms and provisions of the Loan Documents, as modified herein, which terms and provisions, as so modified, are incorporated by reference as of the date hereof as if set forth herein including, without limitation, all promises, agreements, warranties, representations, covenants, releases, and indemnifications contained in the Loan Documents, as modified hereby. Each Credit Party hereby acknowledges, ratifies and confirms the Loan Documents, as modified hereby, and all of its respective debts and obligations to Lenders thereunder.