Common use of Continuing Security Interest; Further Actions Clause in Contracts

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1716, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorPledgor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pledgor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with the Note, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorDebtor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Debtor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, assignment become vested with all the benefits granted to the Secured Party herein with respect to such the Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 1718, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1718, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorPledgor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pledgor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment of the Loan Agreement, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien Lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party, such consent not to be unreasonably withheld. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with Section 11.10 of the Credit Agreement, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1718, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, Pledgor and its permitted successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pledgor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon permitted assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17‎17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party, given at the direction of the Noteholders. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest interests in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with the Note and other transaction documents, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 1716, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with Section 13 of the Note, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. [Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment [in accordance with Section [ASSIGNMENTS] of the Loan Agreement], become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.]

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1718, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorPxxxxxx, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pxxxxxx may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with Section 12(j) of the Loan Agreement, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment of the Notes, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1719, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorPledgor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pledgor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its respective successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this ActiveUS 172437211v.1 Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with Section 8.06 of the Royalty Interest Purchase Agreement, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured ObligationsObligations (other than contingent indemnification obligations for which no claim has been made), (b) be binding upon the each Grantor, its permitted successors and assigns, and (c) inure to the benefit of the Secured Party and its successorspermitted successors and assigns in such capacity, transferees and assigns; provided that as set forth in the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Partyfollowing sentence. Without limiting the generality of the foregoing clause (c), any assignee (other than any collateral assignee) of the Secured Party’s interest in in, or to, any agreement or document which includes all or any of the Secured Obligations Combined Note Documents shall, upon assignment, become vested with all the benefits granted to the Secured Party Party, in such capacity, herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1714, remain in full force and effect until payment and performance in full of the Secured ObligationsObligations (other than unasserted contingent obligations), (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its their successors, transferees and assigns; provided provided, that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured PartyCollateral Agent. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, shall become vested with all the applicable benefits granted to the Secured Party herein with respect to such Secured Obligationsherein.

Continuing Security Interest; Further Actions. This Agreement shall create a general and continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 1713.06, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and permitted assigns, and (c) inure enure to the benefit of the Secured Party Parties and its their respective successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured PartyAgent. Without limiting the generality of the foregoing clause (c), any assignee of the a Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.]

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 1719, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with Section 11(f) of the Note, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 17, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors successors, and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees transferees, and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 1719, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the Grantor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with Section 11.9 of the Note, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority lien and security interest in the Collateral and shall (a) subject to Section 1715, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorDebtors, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that that, the Grantor Debtors may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1718, remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorPledgor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pledgor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignment, in accordance with Section 11.8 of the Note, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.

Continuing Security Interest; Further Actions. This Agreement shall create a continuing First Priority first priority lien and security interest in the Collateral and shall (a) subject to Section 1716 , remain in full force and effect until payment and performance in full of the Secured Obligations, (b) be binding upon the GrantorPledgor, its successors and assigns, and (c) inure to the benefit of the Secured Party and its successors, transferees and assigns; provided that the Grantor Pledgor may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party. Without limiting the generality of the foregoing clause (c), any assignee of the Secured Party’s 's interest in any agreement or document which includes all or any of the Secured Obligations shall, upon assignmentassignment in accordance with the Note, become vested with all the benefits granted to the Secured Party herein with respect to such Secured Obligations.