Continuing Assignment and Security Interest. This Assignment shall create a continuing assignment of and security interest in the Collateral and shall: (a) remain in full force and effect until payment and performance in full of all of the Indebtedness; (b) be binding upon Grantor and their respective successors and assigns; and (c) inure to the benefit of Secured Party, its representatives, successors, transferees and assigns. Upon the payment and performance in full of all of the Indebtedness owed by Grantor to Secured Party, the assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Grantor. Upon any such termination, Secured Party will execute and deliver to Grantor such documents as Grantor shall reasonably request to evidence such termination.
Continuing Assignment and Security Interest. [FOR PROJECT OWNERS ONLY: TRANSFER OF GUARANTY]. This Agreement shall create a continuing assignment of, and security interest in, the Collateral and shall (a) remain in full force and effect until payment in full of the Obligations, (b) be binding upon Owner, its successors and assigns; provided, however, that the obligations of Owner, its successors and assigns hereunder may not be assigned without the prior written consent of Administrative Agent; and (c) inure, together with the rights and remedies of Administrative Agent, to the benefit of Administrative Agent, the Banks and their respective successors, transferees and assigns. Without limiting the generality of the foregoing but subject to the terms of the Credit Agreement, Administrative Agent or any of the Banks may assign or otherwise transfer all or any part of or interest in the Notes and the other Credit Documents[INSERT IF PROJECT OWNER: , INCLUDING THE GUARANTY,] or other evidence of indebtedness held by them to any other Person to the extent permitted by and in accordance with the Credit Agreement, and such other Person shall thereupon become vested with all or an appropriate part of the benefits in respect thereof granted to the Banks herein or otherwise. The release of the security interest in any or all of the Collateral, the taking or acceptance of additional security, or the resort by Administrative Agent to any security it may have in any order it may deem appropriate, shall not affect the liability of any person on the indebtedness secured hereby. If this Agreement shall be terminated or revoked by operation of law, Owner will indemnify and save Administrative Agent and the Banks harmless from any loss which may be suffered or incurred by Administrative Agent and the Banks in acting hereunder prior to the receipt by Administrative Agent, its successors, transferees, or assigns of notice of such termination or revocation.
Continuing Assignment and Security Interest. This Agreement shall create a continuing pledge of the Collateral and shall (a) remain in full force and effect until the payment and performance in full of the Obligations (other than unasserted, contingent Obligations that by their terms survive the termination of the Credit Documents); (b) be binding upon each Pledge Party and its respective successors and assigns; and (c) inure to the benefit of Lender and its permitted successors and assigns. The release of the security interest in any or all of the Collateral, the taking or acceptance of additional security, or the resort by Lender to any security it may have in any order it may deem appropriate, shall not affect the liability of any Person on the indebtedness secured hereby.
Continuing Assignment and Security Interest. This Agreement shall create a continuing pledge and assignment of and security interest in the Account Collateral and shall
Continuing Assignment and Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the discharge of the Collateral Agency Agreement as provided in Section 7.11
Continuing Assignment and Security Interest. This Agreement shall create a continuing pledge and assignment of and security interest in the Account Collateral and shall (a) remain in full force and effect until the Termination Date, (b) be binding upon the Authority and the Authority’’s successors and assigns, and (c) inure to the benefit of the Collateral Agent and the Trust and their respective successors, transferees, and assigns. The release of the security interest in any or all of the Accounts, the taking or acceptance of additional security, or the resort by the Collateral Agent to any security it may have in any order it may deem appropriate, shall not affect the liability of any Person on the indebtedness secured hereby.
Continuing Assignment and Security Interest. This Agreement shall create a continuing assignment of and security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment and satisfaction in full of the Secured Obligations, (ii) be binding upon Pledgor, its successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent, for the benefit of the Secured Parties.
Continuing Assignment and Security Interest. (a) This agreement shall create a continuing assignment of and security interest in and on the Collateral and shall (i) remain in full force and effect during the Security Period, (ii) be binding upon the Pledgors, its permitted successors and assigns and (iii) inure, together with the rights and remedies of the Security Trustee hereunder, to the benefit of the Security Trustee and the Secured Parties and their respective successors, transferees and permitted assigns.
Continuing Assignment and Security Interest. (a) This ------------------------------------------- Agreement shall create a continuing assignment of and security interest in the Collateral and shall (i) remain in full force and effect until termination of all of the Commitments and payment in full of the Secured Obligations, (ii) be binding upon the Company, its successors and assigns and (iii) inure, together with the rights and remedies of the Agent hereunder, to the equal and ratable benefit of the Secured Parties and their respective successors and permitted assigns.
Continuing Assignment and Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the payment in full of all of the Obligations. At such time, the security interest granted and Liens and the assignment made hereby shall terminate and all rights to the Collateral shall revert to AES URC. Upon any such termination, AES Red Oak shall, at AES URC's expense, execute and deliver to AES URC such documents as AES URC shall reasonably request to evidence such termination.
