Common use of Continuing Security Interest; Termination Clause in Contracts

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing security interest in the Collateral in favor of the Issuing Lender and shall remain in full force and effect in accordance with its terms until all of the Secured Obligations are paid or satisfied in full. (b) The security interest created by this Agreement shall not be considered satisfied by payment or satisfaction of any part of the Secured Obligations to the Issuing Lender hereby secured but shall be a continuing security interest and shall not be discharged, prejudiced or affected in any way by time being given to the Borrower or by any other indulgence or concession to the Borrower granted by the Issuing Lender, by the taking, holding, varying, non-enforcement or release by the Issuing Lender of any other security for all or any of the Secured Obligations, by any other thing done or omitted to be done by the Issuing Lender or any other Person or by any other dealing or thing including any variation of or amendment to any part of the Collateral and any circumstances whatsoever that but for this provision might operate to discharge any of the Secured Obligations or to exonerate or discharge the Borrower from its obligations hereunder or otherwise affect the security interest hereby created.

Continuing Security Interest; Termination. (a1) This Agreement Indenture, on behalf of the Secured Parties shall create a continuing security interest in the Collateral in favor of the Issuing Lender Trustee and shall remain in full force and effect in accordance with its terms until all of the Secured Obligations are paid or satisfied in full. (b2) The security interest created by this Agreement Indenture shall not be considered satisfied by payment or satisfaction of any part of the Secured Obligations to the Issuing Lender Secured Parties hereby secured but shall be a continuing security interest and shall not be discharged, prejudiced or affected in any way by time being given to the Borrower Company or by any other indulgence or concession to the Borrower Company granted by the Issuing LenderTrustee, by the taking, holding, varying, non-enforcement or release by the Issuing Lender Trustee of any other security for all or any of the Secured Obligations, by any other thing done or omitted to be done by the Issuing Lender Trustee or any other Person or by any other dealing or thing including any variation of or amendment to any part of the Collateral and any circumstances whatsoever that but for this provision might operate to discharge any of the Secured Obligations or to exonerate or discharge the Borrower Company from its obligations hereunder or otherwise affect the security interest hereby created.