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

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (i) confirms that each Security Document (as defined in the Original Credit Agreement) and each Security Instrument to which it is a party or is otherwise bound and all collateral encumbered thereby (the "Collateral") will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations (as such term is defined in the Security Agreements) under the Security Agreements, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Agreement, and (ii) grants to the Administrative Agent for the benefit of the Secured Parties a continuing Lien on and security interest in and to such Credit Party's right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Agreements (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof. With respect to the other Loan Documents, (a) the defined term "Bank One" shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns. (b) the defined term "Agent" shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns, in its capacity as Administrative Agent and (c) the defined term "Rate Management Obligations" shall be deemed to mean indebtedness liabilities and obligations of any Credit Party with respect to transactions under Swap Agreements between such Credit Party and any Lender Counterparty that are included in the defined term "Obligations" under this Agreement.

Reaffirmation and Grant of Security Interest. (a) Each 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 Credit Agreement. Each Credit Party hereby acknowledges that it has reviewed the terms and 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 Security Credit Document (as defined in the Original Credit Agreement) and each Security Instrument to which it is a party or is otherwise bound and all collateral Collateral encumbered thereby thereby, including, without limitation, “Closing Date Mortgaged Properties” (as defined in the "Collateral"Existing Credit Agreement) will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Credit Documents, the payment and performance of all Guaranteed Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations (as such term is defined in the Pledge and Security AgreementsAgreement) under the Pledge and Security AgreementsAgreement, as the case may be, including without limitation the payment and performance of all such Guaranteed Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Pledge and Security AgreementAgreement joint and several obligations of each grantor now or hereafter existing, and (ii) grants to the Administrative Collateral Agent for the benefit of the Secured Parties (as such term is defined in the Pledge and Security Agreement) a continuing Lien lien on and security interest in and to such Credit Party's ’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Guaranteed Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Pledge and Security Agreements Agreement (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof. With respect to the other Loan Documents, (a) the defined term "Bank One" shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns. (b) the defined term "Agent" shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns, in its capacity as Administrative Agent and (c) the defined term "Rate Management Obligations" shall be deemed to mean indebtedness liabilities and obligations of any Credit Party with respect to transactions under Swap Agreements between such Credit Party and any Lender Counterparty that are included in the defined term "Obligations" under this Agreement.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (i) confirms that each Security Document Instrument (as defined in the Original Credit Agreement) and each Security Instrument to which it is a party or is otherwise bound and all collateral encumbered thereby (the "Collateral") thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan DocumentsDocuments and regardless of whether any Guarantor under this Agreement was a “Borrower” under the Original Credit Agreement, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations (as such term is defined in the Security AgreementsInstruments) under the Security AgreementsInstruments, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security AgreementInstruments, and (ii) grants to the Administrative Agent for the benefit of the Secured Parties a continuing Lien on and security interest in and to such Credit Party's ’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Agreements Instruments (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof. With respect to the other Loan Documents, (a) the defined term "“Bank One" ” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns. (b) the defined term "“Agent" ” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns, in its capacity as Administrative Agent and (c) the defined term "“Rate Management Obligations" ” shall be deemed to mean indebtedness liabilities and obligations of any Credit Party with respect to transactions under Swap Agreements between such Credit Party and any Lender Counterparty that are included in the defined term "“Obligations" ” under this Agreement.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (ia) confirms that each Security Document Instrument (as defined in the Original Credit Agreement) and each Security Instrument to which it is a party or is otherwise bound and and, except as otherwise provided in Section 11.18, all collateral Collateral encumbered thereby (the "Collateral") thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations Indebtedness (as such term is defined in the Security AgreementsMortgages) and all other indebtedness, obligations and liabilities under the Security AgreementsMortgages, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Agreement, and (iib) grants except as otherwise provided in Section 11.18, reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party's ’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations Indebtedness and all other indebtedness, obligations and liabilities under the Security Agreements Mortgages (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof. With respect to the any other Loan Documents, (a) the defined term "“Bank One" ” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank OneN.A., N.A. (Illinois)) and its successors and assigns. (b) the defined term "“Agent" ” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assignsN.A., in its capacity as Administrative Agent and (c) the defined term "“Rate Management Obligations" Transaction” shall be deemed to mean indebtedness indebtedness, liabilities and obligations of any Credit Party with respect to transactions under Swap Agreements between such Credit Party and any Lender Counterparty that are included in the defined term "“Lender Hedging Obligations" ” under this Agreement.

Reaffirmation and Grant of Security Interest. Each Credit Party hereby (i) confirms that each Security Document Instrument (as defined in the Original Credit Agreement) and each Security Instrument to which it is a party or is otherwise bound and all collateral Collateral encumbered thereby (the "Collateral") thereby, will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan DocumentsDocuments and regardless of whether any Guarantor under this Agreement was a “Borrower” under the Original Credit Agreement, the payment and performance of all Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations (as such term is defined in the Security AgreementsInstruments) under the Security AgreementsInstruments, as the case may be, including without limitation the payment and performance of all such Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security AgreementInstruments, and (ii) grants reaffirms its grant to the Administrative Agent for the benefit of the Secured Parties of a continuing Lien on and security interest in and to such Credit Party's ’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the Obligations and Guaranteed Liabilities under this Agreement and the Secured Obligations under the Security Agreements Instruments (whether at stated maturity, by acceleration or otherwise) in accordance with the terms thereof. With respect to the other Loan Documents, (a) the defined term "“Bank One" ” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns. (b) the defined term "“Agent" ” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)) and its successors and assigns, in its capacity as Administrative Agent and (c) the defined term "“Rate Management Obligations" Transaction” shall be deemed to mean indebtedness indebtedness, liabilities and obligations of any Credit Party with respect to transactions under Swap Agreements between such Credit Party and any Lender Counterparty that are included in the defined term "“Obligations" ” under this Agreement.