Common use of Continuing Security Interest Clause in Contracts

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property as shall not have been sold in accordance with Section 5.2 hereof or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property Collateral and shall: (ia) remain in full force and effect so long as any of the Obligations shall remain outstanding; (iib) be binding upon each Grantor and its successors and assigns; and (iiic) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property Collateral as shall not have been sold in accordance with Section 5.2 hereof this Agreement or otherwise accepted or applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor Grantors such documents as the Grantor Grantors shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property Collateral and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property Collateral as shall not have been sold in accordance with Section 5.2 hereof this Agreement or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the each Grantor such documents as the such Grantor shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property Collateral and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the indefeasible payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property Collateral as shall not have been sold in accordance with Section 5.2 hereof this Agreement or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor Grantors such documents as the Grantor Grantors shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of each of the Secured Party Parties and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property as shall not have been sold in accordance with Section 5.2 hereof or otherwise applied pursuant to the terms hereof this Agreement and each of the Secured Party Parties shall deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property Collateral and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property Collateral as shall not have been sold in accordance with Section 5.2 hereof this Agreement or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor Grantors such documents as the Grantor Grantors shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property as shall not have been sold in accordance with Section 5.2 5.1 hereof or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor Company such documents as the Grantor Company shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property Collateral and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property Collateral as shall not have been sold in accordance with Section 5.2 hereof this Agreement or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property Collateral and shall: (i) remain in full force and effect so long as any until the satisfaction in full of the Obligations shall remain outstandingObligations; (ii) be binding upon each Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the indefeasible payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each Grantor shall be entitled to the return, at its expense, of such of the Pledged Property Collateral as shall not have been sold in accordance with Section 5.2 hereof this Agreement or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor Grantors such documents as the Grantor Grantors shall reasonably request to evidence such termination.

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Property and shall: (i) remain in full force and effect so long as any of the Obligations shall remain outstanding; (ii) be binding upon each the Grantor and its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors and assigns. Upon the payment or satisfaction in full of the Obligations, this Agreement and the security interest created hereby shall terminate, and, in connection therewith, each the Grantor shall be entitled to the return, at its expense, of such of the Pledged Property as shall not have been sold in accordance with Section 5.2 5.1 hereof or otherwise applied pursuant to the terms hereof and the Secured Party shall deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.