Common use of Renewal and Extension of Security Interests and Liens Clause in Contracts

Renewal and Extension of Security Interests and Liens. Each Obligor hereby (a) renews and affirms the Liens created and granted in the Loan Documents, and (b) agrees that this Amendment shall in no manner affect or impair the Liens securing the Obligations, and that such Liens shall not in any manner be waived, the purposes of this Amendment being to modify the Loan Agreement as herein provided, and to carry forward all Liens securing the same, which are acknowledged by such Obligor to be valid and subsisting.

Renewal and Extension of Security Interests and Liens. Each Obligor Borrower hereby (a) renews and affirms the Liens created and granted in the Loan Documents, and (b) agrees that this Amendment shall in no manner affect or impair the Liens securing the Obligations, and that such Liens shall not in any manner be waived, the purposes of this Amendment being to modify the Loan Agreement as herein provided, and to carry forward all Liens securing the same, which are acknowledged by such Obligor Borrower to be valid and subsisting.

Renewal and Extension of Security Interests and Liens. Each Obligor Borrower hereby (ai) renews and affirms the Liens liens and security interests created and granted in the Loan Documents, and (bii) agrees that this Amendment shall in no manner affect or impair the Liens liens and security interests securing the Obligations, and that such Liens liens and security interests shall not in any manner be waived, the purposes of this Amendment being to modify the Loan Agreement as herein provided, and to carry forward all Liens liens and security interest securing the same, which are acknowledged by such Obligor Borrower to be valid and subsisting.