Common use of Continuing Security Interest; Assignments Clause in Contracts

Continuing Security Interest; Assignments. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the Pledged Collateral is released in accordance herewith, (ii) be binding upon the Pledgor and its successors and assigns, and (iii) inure, together with the rights and remedies of the Lender hereunder, to the benefit of the Lender, its successors and assigns. Without limiting the generality of the foregoing clause (iii), the Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect hereof granted to the Lender herein; the Lender shall, however, retain all of its rights and powers with respect to any part of the Pledged Collateral not transferred. Any agent or nominee of the Lender shall have the benefit of this Agreement as if named herein and may exercise all the rights and powers given to the Lender hereunder.

Continuing Security Interest; Assignments. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the Pledged Collateral is released in accordance herewith, (ii) be binding upon the Pledgor Pledgor, and its the Pledgor’s successors and assignsassigns (provided that the Pledgor may not assign or delegate any of its rights or obligations under this Agreement without the Collateral Agent’s prior written consent), and (iii) inure, together with the rights and remedies of the Lender Collateral Agent hereunder, to the benefit of the LenderCollateral Agent, its permitted successors and assigns. Without limiting the generality of the foregoing clause (iii), subject to the Lender limitations set forth in the Note Purchase Agreement, the Collateral Agent may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement to any other Personperson or entity, and such other Person person or entity shall thereupon become vested with all the benefits in respect hereof granted to the Lender Collateral Agent herein; the Lender Collateral Agent shall, however, retain all of its rights and powers with respect to any part of the Pledged Collateral not transferred. Any agent or nominee of the Lender Collateral Agent shall have the benefit of this Agreement as if named herein and may exercise all the rights and powers given to the Lender Collateral Agent hereunder.

Continuing Security Interest; Assignments. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the Pledged Collateral is released in accordance herewith, (ii) be binding upon the Pledgor Pledgor, and its the Pledgor’s successors and assignsassigns (provided that the Pledgor may not assign or delegate any of its rights or obligations under this Agreement without the Lender’s prior written consent), and (iii) inure, together with the rights and remedies of the Lender hereunder, to the benefit of the Lender, its successors and assigns. Without limiting the generality of the foregoing clause (iii), the Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement to any other Personperson or entity, and such other Person person or entity shall thereupon become vested with all the benefits in respect hereof granted to the Lender herein; the Lender shall, however, retain all of its rights and powers with respect to any part of the Pledged Collateral not transferred. Any agent or nominee of the Lender shall have the benefit of this Agreement as if named herein and may exercise all the rights and powers given to the Lender hereunder.