Common use of Security confirmation Clause in Contracts

Security confirmation. On the Effective Date, each Transaction Obligor confirms that: (a) any Security created by it under the Finance Documents extends to the obligations of the relevant Transaction Obligors under the Amended Facility Agreement and the other Finance Documents; (b) the obligations of the relevant Transaction Obligors under the Amended Facility Agreement are secured by the Security created under the Finance Documents to which it is a party as Secured Liabilities; and (c) the Security created under the Finance Documents continues in full force and effect on the terms of the respective Finance Documents; and (d) this Security confirmation neither creates nor purports to create a registrable Security.