Reconfirmation of Grant of Security Interest. To secure the prompt payment and performance of the Obligations, each Loan Party reconfirms the collateral assignment, pledge and grant to the Administrative Agent, for the benefit of the Secured Parties, pursuant to and subject to the terms and limitations contained in the Collateral Documents of a continuing security interest in and Lien on all of the Collateral (as defined in each such Collateral Document) of such Loan Party.

Pledge and Grant of Security Interest. Each Grantor hereby grants, pledges and assigns to the Administrative Agent, for the benefit of the Secured Parties, a Lien upon and security interest in, all of such Grantor’s right, title and interest in and to the following, in each case whether such Grantor now has or hereafter acquires ownership or other rights therein (collectively, the “Collateral”):

Acknowledgment of Security Interests. Each Loan Party hereby acknowledges, confirms and agrees that Administrative Agent has, and will continue to have, valid, enforceable and perfected first-priority continuing liens upon and security interests in the Collateral heretofore granted to Administrative Agent, for the benefit of Administrative Agent and ​, pursuant to the Credit Agreement and the Loan Documents or otherwise granted to or held by Administrative Agent, for the benefit of Administrative Agent and ​.