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

Continuing Security Interest; Assignments under Loan Agreement. This Security Agreement shall create a continuing security interest in the Collateral and shall (1) remain in full force and effect until (a) the payment in full of the Obligations and all other amounts payable under this Security Agreement, and (b) the expiration or termination of any obligation of the Lender to make Loans; (2) be binding upon the Borrower, its successors and assigns; and (3) inure to the benefit of, and be enforceable by, the Lender and its successors, transferees, and assigns. Without limiting the generality of the foregoing clause (3), the 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 portion of any Notes held by it) to any other person or entity, and such other person or entity shall thereupon become vested with all the benefits in respect thereof granted to the Lender herein or otherwise. Upon the later of the payment in full of the Obligations and all other amounts payable under this Security Agreement and the expiration or termination of any obligation of the Lender to make Loans, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Borrower. Upon any such termination, the Lender will, at the Borrower's expense, execute and deliver to the Borrower such documents as the Borrower shall reasonably request to evidence such termination.

Continuing Security Interest; Assignments under Loan Agreement. This Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (1i) remain in full force and effect until (a) the later of the payment in full in cash of the Pledge Obligations and all other amounts payable under this Security Agreement, Agreement and (b) the expiration or termination of any obligation the Loan Agreement and the payment in full in cash of the Lender to make Loans; Obligations, (2ii) be binding upon the Borrower, each Pledgor and its successors and assigns; , and (3iii) inure inure, together with the rights and remedies of Lender hereunder, to the benefit of, and be enforceable by, the Lender and its successors, transferees, transferees and assigns. Without limiting the generality of the foregoing clause (3iii), the 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 portion of any Notes held by it) Documents to any other person or entity, and such other person or entity shall thereupon become vested with all as set forth in the benefits in respect thereof granted to the Lender herein or otherwiseLoan Agreement. Upon the later of the payment in full of the Obligations under the Loan Agreement, the Pledge Obligations and all other amounts payable under this Security Agreement the Loan Documents and the expiration or termination of any obligation of the Lender to make Loanssuch Loan Documents, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to the BorrowerPledgors. Upon any such termination, the Lender will, at the Borrower's Pledgors' expense, return to Pledgors such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof and execute and deliver to the Borrower Pledgors such documents as the Borrower Pledgors shall reasonably request to evidence such termination.

Continuing Security Interest; Assignments under Loan Agreement. This Security Agreement shall create a continuing security interest in the Collateral and shall (1) remain in full force and effect until (a) the payment in full of the Obligations and all other amounts payable under this Security Agreement, and (b) the expiration or termination of any obligation of the Lender Agent to make Loans; (2) be binding upon the Borrower, its successors and assigns; and (3) inure to the benefit of, and be enforceable by, the Lender Agent and its successors, transferees, and assigns. Without limiting the generality of the foregoing clause (3), the Lender Agent may assign or otherwise transfer all or any portion of its rights and obligations under the Loan Agreement (including, without limitation, all or any portion of any Notes held by it) to any other person or entity, and such other person or entity shall thereupon become vested with all the benefits in respect thereof granted to the Lender Agent herein or otherwise. Upon the later of the payment in full of the Obligations and all other amounts payable under this Security Agreement and the expiration or termination of any obligation of the Lender Agent to make Loans, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Borrower. Upon any such termination, the Lender Agent will, at the Borrower's =s expense, execute and deliver to the Borrower such documents as the Borrower shall reasonably request to evidence such termination.