Common use of Ratification of Security Agreement Clause in Contracts

Ratification of Security Agreement. The Security Agreement is hereby ratified, adopted, confirmed and renewed. All representations, warranties and covenants of Grantor in the Security Agreement are hereby repeated, remade and incorporated herein by this reference for the benefit of the Lender, on and as of the date hereof. In furtherance of the foregoing, Grantor hereby regrants to Lender a continuing security interest in and to all right, title and interest of Grantor whether now owned or hereafter acquired, in and to the Collateral in order to secure the prompt and complete payment and performance of the Indebtedness (as defined in the Security Agreement as amended by this First Amendment).

Ratification of Security Agreement. The Security Agreement is hereby ratified, adopted, confirmed and renewed. All representations, warranties and covenants of Grantor Borrower in the Security Agreement are hereby repeated, remade and incorporated herein by this reference for the benefit of the Lender, on and as of the date hereof. In furtherance of the foregoing, Grantor Borrower hereby regrants to Lender a continuing security interest in and to all right, title and interest of Grantor Borrower whether now owned or hereafter acquired, in and to the Collateral in order to secure the prompt and complete payment and performance of the Indebtedness (as defined in the Security Agreement as amended by this First Amendment).