Common use of Continuing Security Interest; Assignment Clause in Contracts

Continuing Security Interest; Assignment. This Security Agreement shall create a continuing security interest in the Collateral and shall (i) be binding upon the Grantors, their respective successors and assigns, and (ii) inure, together with the rights and remedies of the Agent hereunder, to the benefit of the Agent and the other Secured Parties (and to the extent provided for in Section 10.1, for the benefit of the 2037 ASC Debentures Holders) and each of their respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Grantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Secured Party (and to the extent applicable pursuant to Section 10.1, any 2037 ASC Debentures Holder) may assign or otherwise transfer any indebtedness held by it secured by this Security Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party (and to the extent applicable pursuant to Section 10.1, such 2037 ASC Debentures Holder), herein or otherwise, subject, however, to the provisions of the Credit Agreement.

Continuing Security Interest; Assignment. This Security Agreement shall create a continuing security interest in the Collateral and shall (i) be binding upon the GrantorsPledgors, their respective successors and assigns, assigns and (ii) inure, together with the rights and remedies of the Noteholder Collateral Agent hereunder, to the benefit of the Noteholder Collateral Agent and the other Secured Parties (and to the extent provided for in Section 10.1, for the benefit of the 2037 ASC Debentures Holders) and each of their respective successors, transferees and assignsassignees (including permitted assignees pursuant to Section 11.04 of the Indenture). No other Persons (including, without limitation, including any other creditor of any GrantorPledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Secured Party (and to the extent applicable pursuant to Section 10.1, any 2037 ASC Debentures Holder) may assign or otherwise transfer any indebtedness obligations held by it secured by this Security Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party (and to the extent applicable pursuant to Section 10.1, such 2037 ASC Debentures Holder)Party, herein or otherwise, subject, subject however, to the provisions of the Credit Indenture and the Intercreditor Agreement.

Continuing Security Interest; Assignment. This Security Agreement ---------------------------------------- Mortgage shall create a continuing Lien on and security interest in the Collateral Mortgaged Property and shall (i) be binding upon the GrantorsMortgagor, their its respective successors and assigns, assigns and (ii) inure, together with the rights and remedies of the Agent Mortgagee hereunder, to the benefit of the Agent Mortgagee and the other Secured Parties (and to the extent provided for in Section 10.1, for the benefit of the 2037 ASC Debentures Holders) and each of their respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any GrantorLoan Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Secured Party (and to the extent applicable pursuant to Section 10.1, any 2037 ASC Debentures Holder) Lender may assign or otherwise transfer any indebtedness held by it secured by this Security Agreement Mortgage to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party (and to the extent applicable pursuant to Section 10.1, such 2037 ASC Debentures Holder)Lender, herein or otherwise, subject, subject however, to the provisions of the Credit Agreement and any applicable Interest Rate Protection Agreement.

Continuing Security Interest; Assignment. This Security Agreement shall create a continuing security interest Security Interest in the Collateral Collateral, shall remain in full force and effect until terminated in accordance with Article 7 and shall (i) be binding upon the GrantorsBorrower, their respective successors its permitted assigns and assignssuccessors, and (ii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the other Secured Parties (and to the extent provided for in Section 10.1, for the benefit of the 2037 ASC Debentures Holders) and each of their respective its successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Grantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii)foregoing, if any Secured Party (and to the extent applicable pursuant to Section 10.1, any 2037 ASC Debentures Holder) may assign Lender assigns or otherwise transfer transfers any indebtedness Loan held by it secured by this Security Agreement to any other PersonPerson in accordance with Section 9.06 of the Credit Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such the Lenders herein or otherwise as a Secured Party (and to the extent applicable pursuant to Section 10.1provided herein. Each Secured Party shall have all the rights of an express third party beneficiary hereof. The Borrower shall not, such 2037 ASC Debentures Holder), herein or otherwise, subject, however, to without the provisions prior written consent of the Collateral Agent, given in accordance with the Credit Agreement and this Security Agreement, assign any right, duty or obligation hereunder.

Continuing Security Interest; Assignment. This Security Agreement ---------------------------------------- shall create a continuing security interest in the Collateral and shall (ia) be binding upon the GrantorsPledgor, their respective its successors and assigns, and (iib) inure, together with the rights and remedies of the Agent Trustee hereunder, to the benefit of the Agent Trustee (and, to the extent provided herein, any other trustee under a Deed of Trust) and the other Secured Parties (and to the extent provided for in Section 10.1, for the benefit of the 2037 ASC Debentures Holders) and each of their respective successors, transferees and assigns. No ; and no other Persons (including, without limitation, any other creditor creditors of any Grantorthe Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (iib), any Secured Party (and to the extent applicable pursuant to Section 10.1, any 2037 ASC Debentures Holder) may assign or otherwise transfer any indebtedness Security or Guarantee held by it secured by this Security Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party (and to the extent applicable pursuant to Section 10.1, such 2037 ASC Debentures Holder)Party, herein or otherwise, subject, subject however, to the provisions of the Credit AgreementIndenture.