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. To secure the prompt paymentEach Grantor hereby grants, pledges and performance of the Obligations, each Loan Party reconfirms the collateral assignment, pledge and grantassigns to the Administrative Agent, for the benefit of the Secured Parties, pursuant toa Lien upon and subject to the termssecurity interest in, all of such Grantor’s right, title and limitations contained in the Collateral Documents of a continuing security interest in and Lien on all ofto the Collateral (as definedfollowing, in each case whether such Collateral Document) of such Loan Party.Grantor now has or hereafter acquires ownership or other rights therein (collectively, the “Collateral”):
Acknowledgment of Security Interest. To secure the prompt payment and performance of the Obligations, eachInterests. Each Loan Party reconfirmshereby 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 assignment, pledge and grantCollateral heretofore granted to the Administrative Agent, for the benefit of the Secured Parties,Administrative Agent and , pursuant to the Credit Agreement and subjectthe Loan Documents or otherwise granted to or held by Administrative Agent, for the termsbenefit of Administrative Agent 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..
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