Common use of Continuing Security Interest; Assignments Under the Credit Agreement; Release Clause in Contracts

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Secured Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor Pledgor and the successors and assigns thereof thereof, and shall inure to the benefit of the Collateral Agent and the other First Lien Secured Parties and their respective successors, indorsees, transferees and assigns until all the First Lien Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) under the Credit Documents and the obligations of each Grantor under this Security Agreement any Additional First Lien Agreements shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized)outstanding, notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Secured Hedge Agreement the Credit Parties may be free from any First Lien Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Secured Hedge Agreement the Credit Parties may be free from any Secured Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor Pledgor and the successors and assigns thereof thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all Credit Agreement Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralizedfully cash collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit Issuer), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Agreement or Secured Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized)outstanding, notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Secured Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor Pledgor and the successors and assigns thereof thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all the Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and under the obligations of each Grantor under this Security Agreement Credit Documents shall have been satisfied by payment in fullfull (or all Letters of Credit Outstanding shall have been Cash Collateralized), the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized)outstanding, notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Agreement or Secured Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each the Grantor and the successors and assigns thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each the Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized)outstanding, notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreements and Secured Hedge Agreement the Credit Parties Borrower may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor Pledgor and the successors and assigns thereof thereof, and shall inure to the benefit of the Collateral Agent and the other First Lien Secured Parties and their respective successors, indorsees, transferees and assigns until all the First Lien Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) under the Credit Documents and the obligations of each Grantor under this Security Agreement any Additional First Lien Agreements shall have been satisfied by payment in fullfull (or all Letters of Credit Outstanding shall have been Cash Collateralized), the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been Cash Collateralized)outstanding, notwithstanding that from time to time during the term of the Credit Agreement and Agreement, any Secured Cash Management Agreements and Agreement, Secured Hedge Agreement and any Additional First Lien Agreements the Credit Parties may be free from any First Lien Obligations.