Common use of Continuing Security Interest; Assignment Clause in Contracts

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Collateral and shall (i) be binding upon Pledgor, its successors, and assigns and (ii) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and each of its successors, transferees, and assigns; no other persons (including, without limitation, any other creditor of Pledgor) shall have any interest herein or any right or benefit with respect hereto.

Appears in 6 contracts

Samples: Pledge and Security Agreement (Allstate Life Insurance Co), Pledge and Security Agreement (Allstate Life Insurance Co), Pledge and Security Agreement (Allstate Life Insurance Co)

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Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon Pledgor, its successorssuccessors and assigns, and assigns and (ii) inure, together with the rights and remedies of the Secured Party Pledgee hereunder, to the benefit of the Secured Party Pledgee and each of its their respective successors, transferees, transferees and assigns; no other persons Persons (including, without limitation, any other creditor of the Pledgor) shall have any interest herein or any right or benefit with respect hereto.

Appears in 4 contracts

Samples: Share Pledge Agreement (Seven Seas Steamship Co Nv), Share Pledge Agreement (Seven Seas Steamship Co Nv), Share Pledge Agreement (Seven Seas Steamship Co Nv)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (ia) be binding upon each Pledgor, and its successors, successors and assigns and (iib) inure, together with the rights and remedies of the Secured Party Agent hereunder, to the benefit of Agent and the other Secured Party Parties and each of its their respective successors, transferees, 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.

Appears in 2 contracts

Samples: Pledge Agreement (Patterson Uti Energy Inc), Pledge Agreement (Patterson Uti Energy Inc)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon Pledgorthe Pledgors, its successors, their respective successors and assigns and (ii) inure, together with the rights and remedies of the Secured Party Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Party Parties and each of its their respective successors, transferees, transferees and assigns; no . 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.

Appears in 2 contracts

Samples: Possession Security Agreement (Foamex International Inc.), Revolving Credit Security Agreement (Foamex International Inc)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon Pledgorthe Grantors, its successors, their respective successors and assigns and (ii) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and the other Secured Parties and each of its their respective successors, transferees, transferees and assigns; no . No other persons (including, without limitation, including any other creditor of Pledgorany Grantor) shall have any interest herein or any right or benefit with respect hereto.

Appears in 2 contracts

Samples: Security Agreement (Seracare Life Sciences Inc), Security Agreement (Valpey Fisher Corp)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Collateral and shall (i) be binding upon Pledgor, its successors, successors and assigns and (ii) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and each of its successors, transferees, transferees and assigns; no other persons (including, without limitation, any other creditor of Pledgor) shall have any interest herein or any right or benefit with respect hereto.

Appears in 1 contract

Samples: Pledge and Security Agreement (Allstate Life Insurance Co)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest interests in the Pledged Collateral and shall (i) be binding upon each Pledgor, its successorssuccessors and assigns, and assigns and (ii) inure, together with the rights and remedies of the Secured Party hereunder, inure to the benefit of the Collateral Agent and the Secured Party Parties and each of its successors, transferees, their respective successors 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.

Appears in 1 contract

Samples: Reducing Revolving Credit Agreement (Di Industries Inc)

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Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the Pledgor, its successors, successors and assigns and (ii) inure, together with the rights and remedies of the Secured Party Payee hereunder, to the benefit of the Secured Party Payee and each of its successors, transferees, transferees and assigns; no assigns under the Payment Note. No other persons (including, without limitation, including any other creditor of Pledgor) shall have any interest herein or any right or benefit with respect hereto.

Appears in 1 contract

Samples: Credit Agreement (RPM International Inc/De/)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (ia) be binding upon the Pledgor, its successorssuccessors and assigns, and assigns and (iib) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and each of its successors, transferees, transferees and assigns; no other persons Persons (including, without limitation, any other creditor of the Pledgor) shall have any interest herein or any right or benefit with respect hereto.

Appears in 1 contract

Samples: Form of Pledge Agreement (Gp Strategies Corp)

Continuing Security Interest; Assignment. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (ia) be binding upon each Pledgor, and its successors, successors and assigns and (iib) inure, together with the rights and remedies of the Secured Party Collateral Agent hereunder, to the benefit of Collateral Agent and the other Secured Party Parties and each of its their respective successors, transferees, 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.

Appears in 1 contract

Samples: Reducing Revolving Credit Agreement (Di Industries Inc)

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