Common use of Reaffirmations and Acknowledgments Clause in Contracts

Reaffirmations and Acknowledgments. The Borrower reaffirms and acknowledges the liens granted to the Bank as set forth in the Loan Documents on the Collateral thereunder are valid, continuing, perfected, enforceable, unavoidable and first in priority subject to the Subordination Agreements.

Reaffirmations and Acknowledgments. The Borrower reaffirms and ---------------------------------- acknowledges the Loan Documents and further reaffirms and acknowledges that all of the obligations to the Bank thereunder are absolute, unconditional, due, owing, unpaid and not subject to any dispute and the liens granted to the Bank as set forth in the Loan Documents on the Collateral thereunder are valid, continuing, perfected, enforceable, unavoidable and first in priority subject to the Subordination Agreementspriority.