Common use of Continuing Security Interest; Assignments under Loan Agreement Clause in Contracts

Continuing Security Interest; Assignments under Loan Agreement. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Obligations have been paid in full in cash in accordance with the provisions of the Loan Agreement, (b) be binding upon Grantor, and its successors and assigns, and (c) inure to the benefit of, and be enforceable by, Lender, and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Lender may, in accordance with the provisions of the Loan Agreement, assign or otherwise transfer all or any portion of its rights and obligations under the Loan Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender herein or otherwise. Upon payment in full in cash of the Obligations in accordance with the provisions of the Loan Agreement and the expiration or termination of the Loan, the Security Interest granted hereby shall automatically terminate without further action or documentation required and this Agreement all rights to the Collateral shall revert to Grantor or any other Person entitled thereto. At such time, Lender will authorize the filing of appropriate termination statements to terminate such Security Interests. No transfer or renewal, extension, assignment, or termination of this Agreement or of the Loan Agreement, any other Loan Document, or any other instrument or document executed and delivered by Grantor to Lender nor any additional Loans or other loans made by Lender to Borrower, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantor, by Lender, nor any other act of Lender shall release Grantor from any obligation, except a release or discharge executed in writing by Lender in accordance with the provisions of the Loan Agreement. Lender shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder, unless such waiver is in writing and signed by Lender and then only to the extent therein set forth. A waiver by Lender of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Lender would otherwise have had on any other occasion.

Continuing Security Interest; Assignments under Loan Agreement. This Guaranty and Security Agreement shall create a continuing security interest in the Collateral and shall (ai) remain in full force and effect until terminate only when the Guaranteed Obligations (other than those Guaranteed Obligations which may survive termination of the Loan Agreement as provided for therein) have been paid in full in cash in accordance with the provisions of and the Loan AgreementAgreement shall have been terminated, (bii) be binding upon Grantorthe Parents, and its their successors and assigns, assigns and (ciii) inure to the benefit of, and be enforceable by, Lender, Lender and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (ciii), Lender may, in accordance with the provisions of the Loan Agreement, may assign or otherwise transfer all or any portion of its rights and obligations under the Loan Agreement (including, without limitation, all, or any ratable part, of the Guaranteed Obligations) and the other rights and obligations of Lender under the Loan Agreement and the other Finance Documents to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender herein or otherwise. Upon the payment in full in cash of the Guaranteed Obligations in accordance with the provisions of the Loan and all other amounts payable under this Guaranty and Security Agreement and the expiration or termination of the LoanLoan Agreement, the Security Interest security interest granted hereby shall automatically terminate without further action or documentation required and this Agreement all rights to the Collateral shall revert to Grantor or any other Person entitled thereto. At such time, Lender will authorize the filing of appropriate termination statements to terminate such Security Interestsapplicable Parent. No transfer or renewal, extension, assignment, assignment or termination of this Guaranty and Security Agreement or of the Loan Agreement, any other Loan Document, Finance Document or any other instrument or document executed and delivered by Grantor the Parents to Lender nor any additional Loans or other loans made extension of credit by Lender to Borrowerthe Borrowers, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantor, the Parents by Lender, nor any other act of Lender shall release Grantor the Parents, or either of them, from any obligation, except a release or discharge executed in writing by Lender in accordance with respect to such obligation or payment of such obligation or upon full satisfaction of all the provisions of the Loan AgreementGuaranteed Obligations. Lender shall not by any act, delay, omission or otherwise, be deemed to have waived any of its their rights or remedies hereunder, unless such waiver is in writing and signed by Lender and then only to the extent therein set forth. A waiver by Lender of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Lender would otherwise have had on any other occasion.

Continuing Security Interest; Assignments under Loan Agreement. This Guaranty and Security Agreement shall create a continuing security interest in the Collateral and shall (ai) remain in full force and effect until terminate only when the Guaranteed Obligations (other than those Guaranteed Obligations which may survive termination of the Loan Agreement as provided for therein) have been paid in full in cash in accordance with the provisions of and the Loan AgreementAgreement shall have been terminated, (bii) be binding upon Grantorthe Parent, and its successors and assigns, assigns and (ciii) inure to the benefit of, and be enforceable by, Lender, Lender and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (ciii), Lender may, in accordance with the provisions of the Loan Agreement, may assign or otherwise transfer all or any portion of its rights and obligations under the Loan Agreement (including, without limitation, all, or any ratable part, of the Guaranteed Obligations) and the other rights and obligations of Lender under the Loan Agreement and the other Finance Documents to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to Lender herein or otherwise. Upon the payment in full in cash of the Guaranteed Obligations in accordance with the provisions of the Loan and all other amounts payable under this Guaranty and Security Agreement and the expiration or termination of the LoanLoan Agreement, the Security Interest security interest granted hereby shall automatically terminate without further action or documentation required and this Agreement all rights to the Collateral shall revert to Grantor or any other Person entitled thereto. At such time, Lender will authorize the filing of appropriate termination statements to terminate such Security InterestsParent. No transfer or renewal, extension, assignment, assignment or termination of this Guaranty and Security Agreement or of the Loan Agreement, any other Loan Document, Finance Document or any other instrument or document executed and delivered by Grantor the Parent to Lender nor any additional Loans or other loans made extension of credit by Lender to Borrowerthe Borrowers, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantor, the Parent by Lender, nor any other act of Lender shall release Grantor the Parent from any obligation, except a release or discharge executed in writing by Lender in accordance with respect to such obligation or payment of such obligation or upon full satisfaction of all the provisions of the Loan AgreementGuaranteed Obligations. Lender shall not by any act, delay, omission or otherwise, be deemed to have waived any of its their rights or remedies hereunder, unless such waiver is in writing and signed by Lender and then only to the extent therein set forth. A waiver by Lender of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Lender would otherwise have had on any other occasion.

Continuing Security Interest; Assignments under Loan Agreement. This Guaranty and Security Agreement shall create a continuing security interest in the Collateral and shall (ai) remain in full force and effect until terminate only when the Guaranteed Obligations (other than those Guaranteed Obligations which may survive termination of the Loan Agreement as provided for therein) have been paid in full in cash in accordance with the provisions and all obligations of the Lender Group to extend credit to the Borrowers under the Loan AgreementAgreement have terminated, (bii) be binding upon Grantorthe Parents, and its their successors and assigns, assigns and (ciii) inure to the benefit of, and be enforceable by, Lender, Lender and its the other members of the Lender Group and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (ciii), Lender may, in accordance with the provisions of the Loan Agreement, or any Lender may assign or otherwise transfer all or any portion of its rights and obligations under the Loan Agreement (including, without limitation, all, or any ratable part, of the obligations) its obligation to extend credit under the Loan Agreement and the other rights and obligations of Lender or such Lender under the Loan Agreement and the other Finance Documents to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender or the benefit of the Lender Group, as applicable, herein or otherwise. Upon the payment in full in cash of the Guaranteed Obligations in accordance with the provisions of the Loan and all other amounts payable under this Guaranty and Security Agreement and the expiration or termination of all obligations of the LoanLender Group to extend credit to the Borrowers under the Loan Agreement, the Security Interest security interest granted hereby shall automatically terminate without further action or documentation required and this Agreement all rights to the Collateral shall revert to Grantor or any other Person entitled thereto. At such time, Lender will authorize the filing of appropriate termination statements to terminate such Security Interestsapplicable Parent. No transfer or renewal, extension, assignment, assignment or termination of this Guaranty and Security Agreement or of the Loan Agreement, any other Loan Document, Finance Document or any other instrument or document executed and delivered by Grantor the Parents to Lender nor any additional Loans or other loans made extension of credit by the Lender Group to Borrowerthe Borrowers, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantor, the Parents by Lender, nor any other act of Lender or any other member of the Lender Group shall release Grantor the Parents, or either of them, from any obligation, except a release or discharge executed in writing by Lender in accordance with respect to such obligation or payment of such obligation or upon full satisfaction of all the provisions Guaranteed Obligations. Lender or any other member of the Loan Agreement. Lender Group shall not by any act, delay, omission or otherwise, be deemed to have waived any of its their rights or remedies hereunder, unless such waiver is in writing and signed by Lender and then only to the extent therein set forth. A waiver by Lender of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Lender would otherwise have had on any other occasion.

Continuing Security Interest; Assignments under Loan Agreement. (a) This Agreement shall create a continuing security interest in the Collateral and shall (ai) remain in full force and effect until the Obligations have been paid in full in cash in accordance with the provisions of the Loan AgreementAgreement and the Commitment has expired or has been terminated, (bii) be binding upon each Grantor, and its their respective successors and assigns, and (ciii) inure to the benefit of, and be enforceable by, LenderSecured Party, and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (ciii), Lender may, in accordance with the provisions of the Loan Agreement, may assign or otherwise transfer all or any portion of its rights and obligations under the Loan Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise. Upon payment in full in cash of the Secured Obligations in accordance with the provisions of the Loan Agreement and the expiration or termination of the LoanCommitment, the Guaranty made and the Security Interest granted hereby shall automatically terminate without further action or documentation required and this Agreement all rights to the Collateral shall revert to Grantor Grantors or any other Person entitled thereto. At such time, Lender upon Borrower’s request, Secured Party will authorize the filing of appropriate termination statements to terminate such Security InterestsInterest. No transfer or renewal, extension, assignment, or termination of this Agreement or of the Loan Agreement, any other Loan Document, or any other instrument or document executed and delivered by any Grantor to Lender Secured Party nor any additional Loans or other loans made by Lender to Borrower, nor the taking of further security, nor the retaking or re-delivery of the Collateral to GrantorGrantors, or any of them, by Lender, nor any other act of Lender Secured Party shall release any Grantor from any obligation, except a release or discharge executed in writing by Lender Secured Party in accordance with the provisions of the Loan Agreement. Lender Secured Party shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder, unless such waiver is in writing and signed by Lender Secured Party and then only to the extent therein set forth. A waiver by Lender Secured Party of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Lender Secured Party would otherwise have had on any other occasion.