Common use of Reaffirmation of Security Interests Clause in Contracts

Reaffirmation of Security Interests. (a) Each Reaffirming Party hereby acknowledges that it has reviewed the terms and provisions of the Restated Credit Agreement and consents to (i) the amendment and restatement of the Existing Credit Agreement effected pursuant to the Restated Credit Agreement and (ii) the transactions contemplated by the Amendment Agreement and the Restated Credit Agreement. Each Reaffirming Party hereby (i) confirms that each Loan 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 Loan Documents, the payment and performance of the Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of each Guarantor (as defined in the Guaranty) or Grantor (as defined in the Pledge and Security Agreement) now or hereafter existing, (ii) confirms its respective grant to the Administrative Agent for the benefit of the Secured Parties of the security interest in and continuing Lien on all of such Loan Party’s right, title and interest in, to and under all “Collateral” as defined in the Pledge and Security Agreement, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as collateral security for the prompt and complete payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all applicable Obligations (including all such Obligations as amended, reaffirmed and/or increased pursuant to the Restated Credit Agreement), subject to the terms contained in the applicable Loan Documents, (iii) confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is a party, and (iv) acknowledges that the Lenders providing new Term A Loans or new Term B Loans, as applicable, on the date hereof are “Lenders” and “Secured Parties” for all purposes under the Loan Documents.

Reaffirmation of Security Interests. (a) Each Reaffirming Party hereby acknowledges that it has reviewed the terms and provisions of the Restated Credit Agreement Amendment and consents to (i) the amendment and restatement of the Existing Credit Agreement effected pursuant to the Restated Credit Agreement Amendment and (ii) the transactions contemplated by the Amendment Agreement and the Restated Amended Credit Agreement. Each Reaffirming Party hereby (i) confirms that each Loan 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 Loan Documents, the payment and performance of the Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of each Guarantor (as defined in the Guaranty) or Grantor (as defined in the Pledge Guarantee and Security Collateral Agreement) now or hereafter existing, (ii) confirms its respective grant to the Administrative Collateral Agent for the benefit of the Secured Parties of the security interest in and continuing Lien on all of such Loan Party’s right, title and interest in, to and under all “Collateral” as defined in the Pledge Guarantee and Security Collateral Agreement, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as collateral security for the prompt and complete payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all applicable Obligations (including all such Obligations as amended, reaffirmed and/or increased pursuant to the Restated Credit AgreementAmendment), subject to the terms contained in the applicable Loan Documents, (iii) confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is a party, and (iv) acknowledges that the Lenders providing new Tranche B-3 Term A Loans or new Term B Loans, as applicable, on the date hereof are “Lenders” and, in their capacity as Lenders, “Secured Parties” for all purposes under the Loan Documents, and (v) acknowledges that the 2017 Revolving Credit Lenders providing 2017 Revolving Credit Commitments on the date hereof are “Revolving Credit Lenders” and “Lenders” and, in their capacity as Revolving Credit Lenders and Lenders, “Secured Parties” for all purposes under the Loan Documents.

Reaffirmation of Security Interests. (a) Each Reaffirming Party The Borrower hereby acknowledges that it has reviewed the terms and provisions of the Restated Original Credit Agreement and this Agreement and consents to (i) the amendment and restatement of the Existing Original Credit Agreement effected pursuant to this Agreement as of the Restated Credit Agreement Amendment No. 1 Effective Date and (ii) the transactions contemplated by the Amendment Agreement and the Restated Credit this Agreement. Each Reaffirming Party The Borrower hereby (i) confirms that each Loan 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 Loan Documents, the payment and performance of the all Secured Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of each Guarantor (as defined in the Guaranty) or Grantor (as defined in the Pledge and Security Agreement) now or hereafter existing, (ii) confirms ratifies and reaffirms its respective prior grant and the validity of the Liens and security interests made pursuant to the Administrative Agent for the benefit of the Secured Parties of the Security Documents and confirms that all such Liens and security interest in and continuing Lien interests on all of such Loan Party’s right, title and interest in, to and under all Collateral, including all “Collateral” (or such similar term) as defined in the Pledge Security Documents and Security Agreementthe other Loan Documents, in each case case, whether now owned or existing or hereafter acquired or arising and wherever located, continue in full force and effect as collateral security for the prompt and complete payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all applicable Secured Obligations (including all such Secured Obligations as amended, reaffirmed and/or increased pursuant to the Restated Credit this Agreement), subject to the terms contained in the applicable Loan Documents, Documents and (iii) confirms its respective covenants, guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is a party, and (iv) acknowledges that the Lenders providing new Term A Loans or new Term B Loans, as applicable, on the date hereof are “Lenders” and “Secured Parties” for all purposes under the Loan Documents.

Reaffirmation of Security Interests. (a) Each Reaffirming Party hereby acknowledges that it has reviewed the terms and provisions of the Restated Credit Agreement Amendment and consents to (i) the amendment and restatement of the Existing Credit Agreement effected pursuant to the Restated Credit Agreement Amendment and (ii) the transactions contemplated by the Amendment Agreement and the Restated Amended Credit Agreement. Each Reaffirming Party hereby (i) confirms that each Loan 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 Loan Documents, the payment and performance of the Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of each Guarantor (as defined in the Guaranty) or Grantor (as defined in the Pledge Guarantee and Security Collateral Agreement) now or hereafter existing, (ii) confirms its respective grant to the Administrative Collateral Agent for the benefit of the Secured Parties of the security interest in and continuing Lien on all of such Loan Party’s right, title and interest in, to and under all “Collateral” as defined in the Pledge Guarantee and Security Collateral Agreement, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as collateral security for the prompt and complete payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all applicable Obligations (including all such Obligations as amended, reaffirmed and/or increased pursuant to the Restated Credit AgreementAmendment), subject to the terms contained in the applicable Loan Documents, (iii) confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is a party, and (iv) acknowledges that the Lenders providing new Tranche B-2 Term A Loans or new Term B Loans, as applicable, on the date hereof are “Lenders” and and, in its capacity as Lenders, “Secured Parties” for all purposes under the Loan Documents.

Reaffirmation of Security Interests. (a) Each Reaffirming Party hereby acknowledges that it has reviewed the terms and provisions of the Restated Credit Agreement Amendment and consents to (i) the amendment and restatement of the Existing Credit Agreement effected pursuant to the Restated Credit Agreement Amendment and (ii) the transactions contemplated by the Amendment Agreement and the Restated Amended Credit Agreement. Each Reaffirming Party hereby (i) confirms that each Loan 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 Loan Documents, the payment and performance of the Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of each Guarantor (as defined in the Guaranty) or Grantor (as defined in the Pledge Guarantee and Security Collateral Agreement) now or hereafter existing, (ii) confirms its respective grant to the Administrative Collateral Agent for the benefit of the Secured Parties of the security interest in and continuing Lien on all of such Loan Party’s right, title and interest in, to and under all “Collateral” as defined in the Pledge Guarantee and Security Collateral Agreement, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as collateral security for the prompt and complete payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all applicable Obligations (including all such Obligations as amended, reaffirmed and/or increased pursuant to the Restated Credit AgreementAmendment), subject to the terms contained in the applicable Loan Documents, (iii) confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is a party, and (iv) acknowledges that the Lenders providing new Tranche B-4 Term A Loans or new Term B Loans, as applicable, on the date hereof are “"Lenders” and “" and, in their capacity as Lenders, "Secured Parties” " for all purposes under the Loan Documents.

Reaffirmation of Security Interests. (a) Each Reaffirming Party hereby acknowledges that it has reviewed the terms and provisions of the Second Amended and Restated Credit Agreement and consents to (i) the amendment and restatement of the Existing Original Credit Agreement effected pursuant to the Second Amended and Restated Credit Agreement and (ii) the transactions contemplated by the Amendment Agreement and the Second Amended and Restated Credit Agreement. Each Reaffirming Party hereby (i) confirms that each Loan 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 Loan Documents, the payment and performance of the Obligations, as the case may be, including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of each Guarantor (as defined in the Guaranty) or Grantor (as defined in the Pledge Guarantee and Security Collateral Agreement) now or hereafter existing, (ii) confirms its respective grant grants to the Administrative Agent for the benefit of the Secured Parties of the a security interest in and continuing Lien on all of such Loan Party’s right, title and interest in, to and under all “Collateral” as defined in the Pledge Guarantee and Security Collateral Agreement, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as collateral security for the prompt and complete payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all applicable Obligations (including all such Obligations as amended, reaffirmed and/or increased pursuant to the Second Amended and Restated Credit Agreement), subject to the terms contained in the applicable Loan Documents, (iii) confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is a party, and (iv) acknowledges that the Lenders providing new Term A Loans or new Term B Loans, as applicable, on the date hereof are as “Lenders” and “Secured Parties” for all purposes under the Loan Documents.