Common use of Continuation of Security Interest Clause in Contracts

Continuation of Security Interest. Notwithstanding termination of this Agreement, until all Obligations, contingent or otherwise, have been fully repaid and performed, Capital shall retain its security interest in all presently owned and hereafter arising or acquired Collateral, and Borrower shall continue to immediately deliver to Capital, in kind, all collections received respecting the Accounts.

Continuation of Security Interest. Notwithstanding termination of this Agreement, until all Obligations, contingent or otherwise, have been fully repaid and performed, Capital shall retain its security interest in all presently owned and hereafter arising or acquired Collateral, all account debtors shall continue to be instructed to make payments to the post office box established pursuant to the Lock Box Agreement, and Borrower shall continue to immediately deliver to Capital, in kind, all collections received respecting the Accounts.