Common use of Reaffirmation and Grant of Security Interest Clause in Contracts

Reaffirmation and Grant of Security Interest. Each Grantor party to the Existing Security Agreement reaffirms the security interest granted under the terms and conditions of the Existing Security Agreement and agrees that such security interest (including, without limitation, any filings made in connection therewith) remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Grantor party to the Existing Security Agreement acknowledges and agrees with the Administrative Agent that the Existing Security Agreement is amended, restated and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and grants to the Administrative Agent, on behalf of and for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest, whether now owned or hereafter acquired by, or arising in favor of, such Grantor, in and to the Collateral to secure the prompt and complete payment and performance of the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, further, notwithstanding anything to the contrary contained herein, this Security Agreement shall not constitute a grant of a Lien or security interest in more than the Applicable Pledge Percentage of any Subsidiary. For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantors.

Reaffirmation and Grant of Security Interest. (a) Each Grantor party Credit Party has (i) guarantied the Obligations and (ii) created Liens in favor of Lenders on certain Collateral to secure its obligations under Section 7 of the Existing Security Agreement reaffirms the security interest granted under Credit Agreement. Each Credit Party hereby acknowledges that it has reviewed the terms and conditions provisions of this Agreement and consents to the amendment and restatement of the Existing Credit Agreement effected pursuant to this Agreement. Each Credit Party hereby (i) confirms that each Credit Document to which it is a party or is otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Credit Documents, the payment and performance of all Guaranteed Obligations under this Agreement and the Secured Obligations (as such term is defined in the Pledge and Security Agreement) under the Pledge and Security Agreement, as the case may be, including without limitation the payment and performance of all such Guaranteed Obligations under this Agreement and the Secured Obligations under the Pledge and Security Agreement joint and agrees that such security interest several obligations of each grantor now or hereafter existing, and (including, without limitation, any filings made in connection therewithii) remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Grantor party to the Existing Security Agreement acknowledges and agrees with the Administrative Agent that the Existing Security Agreement is amended, restated and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and grants to the Administrative Agent, on behalf of and Collateral Agent for the benefit of the Secured Parties, Parties (as such term is defined in the Pledge and Security Agreement) a continuing lien on and security interest in all of and to such Grantor’s Credit Party's right, title and interestinterest in, whether now owned or hereafter acquired by, or arising in favor of, such Grantor, in to and to the under all Collateral to secure as collateral security for the prompt and complete payment and performance in full when due of the Guaranteed Obligations under this Agreement and the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to Obligations under the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, further, notwithstanding anything to the contrary contained herein, this Pledge and Security Agreement shall not constitute a grant of a Lien (whether at stated maturity, by acceleration or security interest in more than the Applicable Pledge Percentage of any Subsidiary. For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantorsotherwise).

Reaffirmation and Grant of Security Interest. (a) Each Grantor party Credit Party has (i) guarantied the Obligations and (ii) created Liens in favor of Lenders on certain Collateral to secure its obligations under Section 7 of the Existing Security Agreement reaffirms the security interest granted under Credit Agreement. Each Credit Party hereby acknowledges that it has reviewed the terms and conditions provisions of this Agreement and consents to the amendment and restatement of the Existing Security Credit Agreement effected pursuant to this Agreement. Each Credit Party hereby (i) confirms that each Credit Document to which it is a party or is otherwise bound and agrees that such security interest (all Collateral encumbered thereby, including, without limitation, any filings made “Closing Date Mortgaged Properties” (as defined in connection therewiththe Existing Credit Agreement) remains in full force and effect and is hereby ratifiedwill continue to guarantee or secure, reaffirmed and confirmed. Each Grantor party as the case may be, to the Existing fullest extent possible in accordance with the Credit Documents, the payment and performance of all Guaranteed Obligations under this Agreement and the Secured Obligations (as such term is defined in the Pledge and Security Agreement) under the Pledge and Security Agreement, as the case may be, including without limitation the payment and performance of all such Guaranteed Obligations under this Agreement and the Secured Obligations under the Pledge and Security Agreement acknowledges joint and agrees with the Administrative Agent that the Existing Security Agreement is amendedseveral obligations of each grantor now or hereafter existing, restated and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and (ii) grants to the Administrative Agent, on behalf of and Collateral Agent for the benefit of the Secured Parties, Parties (as such term is defined in the Pledge and Security Agreement) a continuing lien on and security interest in all of and to such GrantorCredit Party’s right, title and interestinterest in, whether now owned or hereafter acquired by, or arising in favor of, such Grantor, in to and to the under all Collateral to secure as collateral security for the prompt and complete payment and performance in full when due of the Guaranteed Obligations under this Agreement and the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to Obligations under the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, further, notwithstanding anything to the contrary contained herein, this Pledge and Security Agreement shall not constitute a grant of a Lien (whether at stated maturity, by acceleration or security interest in more than the Applicable Pledge Percentage of any Subsidiaryotherwise). For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantors.118

Reaffirmation and Grant of Security Interest. (a) Each Grantor party Credit Party has (i) guarantied the Obligations and (ii) created Liens in favor of Lenders on certain Collateral to secure its obligations under Section 7 of the Existing Security Agreement reaffirms the security interest granted under Credit Agreement. Each Credit Party hereby acknowledges that it has reviewed the terms and conditions provisions of this Agreement and consents to the amendment and restatement of the Existing Credit Agreement effected pursuant to this Agreement. Each Credit Party hereby (i) confirms that each Credit Document to which it is a party or is otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Credit Documents, the payment and performance of all Guaranteed Obligations under this Agreement and the Secured Obligations (as such term is defined in the Pledge and Security Agreement) under the Pledge and Security Agreement, as the case may be, including without limitation the payment and performance of all such Guaranteed Obligations under this Agreement and the Secured Obligations under the Pledge and Security Agreement which are joint and agrees that such security interest several obligations of each grantor now or hereafter existing, and (including, without limitation, any filings made in connection therewithii) remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Grantor party to the Existing Security Agreement acknowledges and agrees with the Administrative Agent that the Existing Security Agreement is amended, restated and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and grants to the Administrative Agent, on behalf of and Collateral Agent for the benefit of the Secured Parties, Parties a continuing Lien on and security interest in all of and to such Grantor’s Credit Party's right, title and interestinterest in, whether now owned or hereafter acquired by, or arising in favor of, such Grantor, in to and to the under all Collateral to secure as collateral security for the prompt and complete payment and performance in full when due of the Guaranteed Obligations under this Agreement and the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to Obligations under the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, further, notwithstanding anything to the contrary contained herein, this Pledge and Security Agreement shall not constitute a grant of a Lien (whether at stated maturity, by acceleration or security interest in more than the Applicable Pledge Percentage of any Subsidiary. For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantorsotherwise).

Reaffirmation and Grant of Security Interest. Each Grantor party to the Existing Security Agreement reaffirms the security interest granted under the terms and conditions of the Existing Security Agreement and agrees that such security interest (including, without limitation, any filings made in connection therewith) remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Grantor party to the Existing Security Agreement acknowledges and agrees with the Administrative Agent that the Existing Security Agreement is amended, restated and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and grants to the Administrative Agent, on behalf of and for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest, whether now owned or hereafter acquired by, or arising in favor of, such Grantor, in and to the Collateral to secure the prompt and complete payment and performance of the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, further, notwithstanding anything to the contrary contained herein, this Security Agreement shall not constitute a grant of a Lien or security interest in more than the Applicable Pledge Percentage of any Subsidiary. For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantors.. 4 ARTICLE III

Reaffirmation and Grant of Security Interest. Each Initial Grantor party to the Existing Security Agreement reaffirms the security interest granted under the terms and conditions of the Existing Security Agreement and agrees that such security interest (including, without limitation, any filings made in connection therewith) remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Initial Grantor party to the Existing Security Agreement acknowledges and agrees with the Administrative Agent that the Existing Security Agreement is amended, restated restated, and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and grants to the Administrative Agent, on behalf of and for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest, whether now owned or hereafter acquired by, or arising in favor of, such Grantoracquired, in and to the Collateral to secure the prompt and complete payment and performance of the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, furtherprovided that, notwithstanding anything to the contrary contained hereinin this Article II, this Security Agreement the amount of Equity Interests in any First-Tier Foreign Subsidiary that is an Affected Foreign Subsidiary pledged or required to be pledged to the Administrative Agent hereunder or under any other Collateral Document shall be automatically limited to the Voting Stock of such First-Tier Foreign Subsidiary representing not more than 65% of the total Voting Power of all outstanding Voting Stock of such First-Tier Foreign Subsidiary (and the term “Collateral” shall not constitute a grant include any other Equity Interests of a Lien or security interest in more than the Applicable Pledge Percentage of any such First-Tier Foreign Subsidiary). For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantors.

Reaffirmation and Grant of Security Interest. (a) Each Grantor party Credit Party has (i) guarantied the Obligations and (ii) created Liens in favor of Lenders on certain Collateral to secure its obligations under Section 7 of the Existing Security Agreement reaffirms the security interest granted under Credit Agreement. Each Credit Party hereby acknowledges that it has reviewed the terms and conditions provisions of this Agreement and consents to the amendment and restatement of the Existing Credit Agreement effected pursuant to this Agreement. Each Credit Party hereby (i) confirms that each Credit Document to which it is a party or is otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Credit Documents, the payment and performance of all Guaranteed Obligations under this Agreement and the Secured Obligations (as such term is defined in the Pledge and Security Agreement) under the Pledge and Security Agreement, as the case may be, including without limitation the payment and performance of all such Guaranteed Obligations under this Agreement and the Secured Obligations under the Pledge and Security Agreement which are joint and agrees that such security interest several obligations of each grantor now or hereafter existing, and (including, without limitation, any filings made in connection therewithii) remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Grantor party to the Existing Security Agreement acknowledges and agrees with the Administrative Agent that the Existing Security Agreement is amended, restated and superseded in its entirety pursuant to the terms hereof. Each of the Grantors hereby pledges, assigns and grants to the Administrative Agent, on behalf of and Collateral Agent for the benefit of the Secured Parties, Parties a continuing Lien on and security interest in all of and to such GrantorCredit Party’s right, title and interestinterest in, whether now owned or hereafter acquired by, or arising in favor of, such Grantor, in to and to the under all Collateral to secure as collateral security for the prompt and complete payment and performance in full when due of the Guaranteed Obligations under this Agreement and the Secured Obligations; provided, however, that anything contained herein or in any financing statement filed in connection herewith to Obligations under the contrary notwithstanding, the Collateral will not include the Excluded Assets; provided, further, notwithstanding anything to the contrary contained herein, this Pledge and Security Agreement shall not constitute a grant of a Lien (whether at stated maturity, by acceleration or security interest in more than the Applicable Pledge Percentage of any Subsidiary. For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantorsotherwise).