Common use of Continuing Security Interest; Termination Clause in Contracts

Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until termination of the Purchase Agreement in accordance with Section 7.1 thereof, (ii) be binding upon Grantor and its respective successors and assigns, and (iii) inure, together with the rights and remedies of Agent hereunder, to the benefit of Agent and its successors, transferees and assigns. Upon termination of the Purchase Agreement in accordance with Section 7.1 thereof, the security interest granted hereunder shall terminate and all rights to the Collateral shall revert to Grantor and Agent shall, at the expense of Grantor, execute such instruments of release and otherwise take such actions, or permit Grantor to take such actions, as Grantor may reasonably request to release the Collateral from the security interest granted hereby.

Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in the Collateral and shall (ia) remain in full force and effect until the termination of the Purchase Agreement in accordance with Section 7.1 9.1 thereof, (iib) be binding upon Grantor and its respective successors and assigns, and (iiic) inure, together with the rights and remedies of Agent hereunder, to the benefit of the Secured Parties and Agent and its their respective successors, transferees and assigns. Upon termination of the Purchase Agreement in accordance with Section 7.1 9.1 thereof, the security interest granted hereunder shall terminate and all rights to the Collateral shall revert to Grantor and Agent shall, at the expense of Grantor, execute such instruments of release and otherwise take such actions, or permit Grantor to take such actions, as Grantor may reasonably request to release the Collateral from the security interest granted hereby.