Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 7 contracts
Sources: Security Agreement (Department 56 Inc), Security Agreement (Lenox Group Inc), Security Agreement (Bearingpoint Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Security Agreement Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon on the Pledgors, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness Indebtedness held by it that is secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement other Loan Documents and any Lender Hedging AgreementAgreement to which such Secured Party is a party.
Appears in 6 contracts
Sources: Credit Agreement (Herbalife Ltd.), Security Agreement (Wh Holdings Cayman Islands LTD), Security Agreement (Herbalife Ltd.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 6 contracts
Sources: Pledge Agreement (Adesa Inc), Security Agreement (Quest Resource Corp), u.s. Security Agreement (Ply Gem Industries Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Interest Rate Agreement.
Appears in 4 contracts
Sources: Security Agreement (LL Services Inc.), Security Agreement (Language Line Costa Rica, LLC), Security Agreement (Language Line Holdings, Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 4 contracts
Sources: Pledge Agreement (Intcomex, Inc.), Pledge Agreement (Intcomex Holdings, LLC), Security Agreement (Intcomex Holdings, LLC)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementObligation.
Appears in 4 contracts
Sources: Canadian Security Agreement (Norcraft Companies Lp), Security Agreement (Norcraft Companies Lp), Canadian Security Agreement (Norcraft Companies Lp)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging and, in the case of a Secured Party that is a party to a Specified Swap Agreement or Secured Cash Management Agreement, such Specified Swap Agreement or Secured Cash Management Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson to the extent permitted by the Credit Agreement, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging and, in the case of a Secured Party that is a party to a Swap Contract or Treasury Management Agreement, such Swap Contract or Treasury Management Agreement.
Appears in 3 contracts
Sources: Security Agreement (Foamex International Inc), Security Agreement (Foamex International Inc), Security Agreement (Barrington Quincy LLC)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Security Agreement Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.), Security Agreement (Communications & Power Industries Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Second Lien Term Loan Agreement and any Lender Hedging Swap Agreement.
Appears in 3 contracts
Sources: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)
Continuing Security Interest; Assignment. This Agreement ---------------------------------------- shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 2 contracts
Sources: Securities Pledge Agreement (Coaxial LLC), Securities Pledge Agreement (Insight Communications of Central Ohio LLC)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson to the extent permitted by the Credit Agreement, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreementand, in the case of a Secured Party that is a party to a Swap Agreement or Cash Management Services, such Swap Agreement or Cash Management Services.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Smith & Wesson Holding Corp), Pledge and Security Agreement (Smith & Wesson Holding Corp)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Credit Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 2 contracts
Sources: Security Agreement (Foot Locker Inc), Security Agreement (Foot Locker Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgorseach Grantor, and each of their respective permitted successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the extent permitted by the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Houghton Mifflin Harcourt Co), Term Loan Credit Agreement (Houghton Mifflin Harcourt Co)
Continuing Security Interest; Assignment. This Agreement Mortgage shall create a continuing Lien on and security interest in the Pledged Collateral Mortgaged Property and shall (ai) be binding upon the PledgorsMortgagor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Mortgagee hereunder, to the benefit of the Administrative Agent and Mortgagee for the other benefit of the Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, any other creditor of any PledgorLoan Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party Lender may assign or otherwise transfer any indebtedness held by it secured by this Agreement Mortgage to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured PartyLender, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Ionics Inc), Credit Agreement (SFBC International Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Purchase Agreement.
Appears in 2 contracts
Sources: Security Agreement (Terremark Worldwide Inc), Security Agreement (Terremark Worldwide Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 2 contracts
Sources: Security Agreement (SFBC International Inc), Credit Agreement (SFBC International Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Specified Hedging Agreement.
Appears in 2 contracts
Sources: Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (except for Permitted Collateral Liens). Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Permitted Hedging AgreementAgreements.
Appears in 2 contracts
Sources: Security Agreement (Biglari Holdings Inc.), Security Agreement (Biglari Holdings Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.
Appears in 2 contracts
Sources: Security Agreement (Southern Graphic Systems, Inc.), Canadian Security Agreement (Southern Graphic Systems, Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 2 contracts
Sources: Security Agreement (LNT Leasing II, LLC), Security Agreement (Orbimage Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 2 contracts
Sources: Pledge Agreement (Alta One Inc.), Indenture (Metal Management Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assignsassignees (including permitted assignees pursuant to Section 10.04 of the Credit Agreement). No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 2 contracts
Sources: Security Agreement (Biglari Holdings Inc.), Security Agreement (Internap Network Services Corp)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective successors and permitted respective successors, transferees and assignspermitted assignees pursuant to Section 10.04 of the Credit Agreement. No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging (including the restrictions on transfer contained in Section 10.04 of the Credit Agreement).
Appears in 1 contract
Sources: Security Agreement (Internap Corp)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreementand, in the case of a Secured Party that is a party to a Swap Contract, such Swap Contract.
Appears in 1 contract
Sources: Security Agreement (Emergency Medical Services CORP)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantor, their respective its successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee (and, to the extent provided herein, any other trustee under the Deed of Trust) and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; and no other Persons (including, including without limitation, limitation any other creditor creditors of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness security or guarantee held by it secured by this 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, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Continuing Security Interest; Assignment. This Related Real Estate Collateral Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantors, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Related Real Estate Collateral 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, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgorseach Pledgor, their respective its successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons Person (including, without limitation, any other creditor of any a Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness Note held by it secured by this Agreement to any other PersonPerson in accordance with the terms of the Indenture, the Notes and relevant federal and state securities laws, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Sources: Securities Pledge Agreement (Acme Intermediate Holdings LLC)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Collateral Trustee hereunder, to the benefit of the Administrative Agent Collateral Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Sources: Second Lien Pledge and Security Agreement (Builders FirstSource, Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson in accordance with the Credit Agreement, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest interests in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness Note held by it secured by this Agreement to any other Person, and an such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Partyperson, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create (and be deemed to re-create and reaffirm) a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsGrantors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Credit Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantors, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Credit Parties and each of their permitted (as set forth in the Credit Agreement) respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Credit Party may assign make assignment or otherwise transfer any indebtedness held by it secured by this Security Agreement to any other PersonPerson in accordance with Section 10.06 of the Credit Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject subject, however, to the provisions Section 10.06 of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Credit Agreement (Foot Locker, Inc.)
Continuing Security Interest; Assignment. This ---------------------------- Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Sources: Security Agreement (Raceland Truck Plaza & Casino LLC)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgorseach Pledgor, their respective its successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons Person (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness Note held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Sources: Securities Pledge and Security Agreement (Seven Seas Steamship Co Nv)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Collateral Trustee hereunder, to the benefit of the Administrative Agent Collateral Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Pledge and Security Agreement (Builders FirstSource, Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Second Lien Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Second Lien Pledge and Security Agreement (PGT, Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Securities Collateral and shall (ai) be binding upon the PledgorsPledgor, their its respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement Indenture and any Lender Hedging the Stockholders Agreement.
Appears in 1 contract
Sources: Securities Pledge Agreement (Middle American Tissue Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, Pledgors and their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assignsassigns under the Credit Agreement. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Security Agreement (International Coal Group, Inc.)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Inventory and Accounts Security Agreement (Transmontaigne Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Notes Secured Parties and each of their permitted respective successors, permitted transferees and permitted assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Notes Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Notes Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract
Continuing Security Interest; Assignment. This Upon entry of the Borrowing Order, this Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, Grantors and their respective successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Agent Lender and the other Secured Credit Parties and each of their permitted respective successors, transferees and permitted assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party 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 Credit Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Security Agreement (Wet Seal Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, in each case, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Security Agreement
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementConvertible Notes.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Collateral Agents hereunder, to the benefit of the Administrative Agent Collateral Agents and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (except for Permitted Liens. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Security Agreement (BioScrip, Inc.)
Continuing Security Interest; Assignment. This Upon entry of the Interim Borrowing Order, this Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, Grantors and their respective successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Agent Lender and the other Secured Credit Parties and each of their permitted respective successors, transferees and permitted assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party 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 Credit Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Secured Party hereunder, to the benefit of the Administrative Agent and the other Secured Parties Party and each of their permitted respective its successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any the Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such the Secured Party, herein or otherwise, subject however, to the provisions of the Credit Purchase Agreement and any Lender Hedging Agreement(including the Amendment).
Appears in 1 contract
Continuing Security Interest; Assignment. a) . This Related Real Estate Collateral Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantor, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Credit Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Credit Party may assign or otherwise transfer any indebtedness held by it secured by this Related Real Estate Collateral 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 Credit Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.
Appears in 1 contract
Sources: Credit Agreement (Supervalu Inc)
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (aI) remain in full force and effect until the undefeasible payment in full in cash of all Secured Obligations, (II) be binding upon the PledgorsDebtor, their respective its successors and assigns assigns, and (bIII) inure, together with the rights and remedies of the Administrative Agent Secured Party hereunder, to the benefit of the Administrative Agent Secured Party and the other Secured Parties and each of their permitted respective its successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgorthe Debtor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (biii), any the Secured Party may assign or otherwise transfer any indebtedness held by it and secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementNote.
Appears in 1 contract
Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), subject to the provisions of any applicable Gaming Laws and the prior approval of any applicable Gaming Authority, any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this 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, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.
Appears in 1 contract