Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in all of the Collateral and the security interest shall survive until, and this Agreement shall remain in full force and effect, and terminate only upon, the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations), and the termination of any and all obligations of Secured Party under the Securities Purchase Agreement and the Related Agreements.
Appears in 2 contracts
Samples: Security Agreement (Levine Leichtman Capital Partners Ii Lp), Security Agreement (Levine Leichtman Capital Partners Ii Lp)
Continuing Security Interest; Termination. This Security Agreement shall create a continuing security interest in all the Collateral and shall terminate upon Debtor’s payment in full to the Secured Party of the Collateral Payment Obligation. Upon such termination, the Secured Party shall execute and deliver to the Debtor all instruments and other documents as may be necessary or proper to release any and all liens on, and the security interest shall survive until, and this Agreement shall remain in full force and effect, and terminate only uponin, the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations), and the termination of any and all obligations of Secured Party under the Securities Purchase Agreement and the Related AgreementsCollateral.
Appears in 2 contracts
Samples: Security Agreement (Lucid Inc), Security Agreement (Lucid Inc)
Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in and to all of the Collateral Collateral, and the security interest shall survive until, and this Agreement shall remain in full force and effect, effect and terminate only upon, the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations), ) and the termination performance in full of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under the Securities Purchase this Agreement and the Related Agreementsother Investment Documents.
Appears in 2 contracts
Samples: Patent, Trademark and Copyright Security Agreement (Overhill Farms Inc), Security Agreement (Overhill Farms Inc)
Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in all of the Collateral and the security interest shall survive until, and this Agreement shall remain in full force and effect, effect and terminate only upon, the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations), and the termination of any and all obligations of Secured Party under the Securities Purchase Agreement and the Related Agreements.
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Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in all of the Collateral and the security interest shall survive until, and this Agreement shall remain in full force and effect, and terminate only upon, the effect until indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in of the case of Secured Obligations consisting of payment obligations), and the termination of any and all obligations of Secured Party under the Securities Purchase Agreement and the Related AgreementsObligations.
Appears in 1 contract
Samples: Loan and Security Agreement (First Pacific Networks Inc)
Continuing Security Interest; Termination. (a) This Security Agreement shall create a continuing security interest in all of and to the Pledged Collateral and the security interest shall survive untilshall, and unless otherwise provided in this Agreement shall Security Agreement, remain in full force and effect, and terminate only upon, effect until the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in of the case of Secured Obligations consisting of payment obligations)Obligations. This Security Agreement shall be binding upon the Pledgor, its transferees, successors and assigns, and shall inure, together with the termination rights and remedies of any and all obligations of Secured Party under the Securities Purchase Agreement and the Related Agreements.Trustee
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Continuing Security Interest; Termination. (a) This Escrow and Security Agreement shall create a continuing security interest in all of and to the Collateral and shall, unless otherwise provided in the security interest shall survive untilTerm Loan Agreement or in this Escrow and Security Agreement, and this Agreement shall remain in full force and effect, and terminate only upon, effect until the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash of the Obligations or the release of the Collateral in immediately available funds in accordance with the case terms of Secured Obligations consisting of payment obligations)this Escrow and Security Agreement, and the termination of at which time any and all obligations of Secured Party under security interests in the Securities Purchase Agreement Collateral shall immediately and the Related Agreements.automatically be
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