Common use of Continuing Security Interest; Termination Clause in Contracts

Continuing Security Interest; Termination. This Agreement shall create a continuing assignment of and security interest in the Collateral and shall (i) remain in full force and effect until the Discharge of Parity Lien Obligations, (ii) be binding upon the Company, its successors and assigns and (iii) inure, together with the rights and remedies of the Collateral Trustee hereunder, to the benefit of the Collateral Trustee and the Secured Parties and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Lien Pledge Agreement, Pledge Agreement (Cheniere Energy Inc)

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Continuing Security Interest; Termination. This Agreement shall create a continuing assignment of and security interest in the Collateral and shall (ia) remain in full force and effect until the Discharge of Parity Lien Obligations, (iib) be binding upon the Company, its successors and assigns and (iiic) inure, together with the rights and remedies of the Collateral Trustee hereunder, to the benefit of the Collateral Trustee and the other Secured Parties and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Parity Lien Security Agreement, Security Agreement (Cheniere Energy Inc)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and security interest in and to the Collateral and shall (i) shall, unless otherwise provided in this Agreement, remain in full force and effect until the Discharge payment in cash of Parity Lien the Secured Obligations, (ii) . This Agreement shall be binding upon the CompanyGrantor, its transferees, successors and assigns assigns, and (iii) shall inure, together with the rights and remedies of the Collateral Trustee hereunder, to the benefit of the Collateral Trustee and Trustee, the Secured Parties Holders of the Securities, the Pledged Securities Intermediary and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Pledge Agreement (Oscient Pharmaceuticals Corp), Pledge Agreement (Oscient Pharmaceuticals Corp)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and perfected first security interest in the Pledged Collateral and shall (i) remain in full force and effect until the Discharge payment in full of Parity Lien all of the Secured Obligations, (ii) be binding upon the CompanyPledgor, its successors and assigns and (iii) inure, together with the rights and remedies of the Collateral Trustee Agent hereunder, to the benefit of the Collateral Agent, the Trustee and the Secured Parties Holders and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Cd Radio Inc)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and security interest in and to the Pledged Collateral and shall (i) shall, unless otherwise provided in this Agreement, remain in full force and effect until the Discharge payment in full in cash of Parity Lien the Obligations, (ii) . This Agreement shall be binding upon the CompanyPledgor, its transferees, successors and assigns assigns, and (iii) shall inure, together with the rights and remedies of the Collateral Trustee hereunder, to the benefit of the Collateral Trustee and Trustee, the Secured Parties Holders and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Earthwatch Inc)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and perfected first security interest in the Collateral and shall (i) remain in full force and effect until the Discharge payment in full of Parity Lien all of the Secured Obligations, (ii) be binding upon the CompanyPledgor, its successors and assigns and (iii) inure, together with the rights and remedies of the Collateral Trustee Agent hereunder, to the benefit of the Collateral Agent, the Trustee and the Secured Parties Holders and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Security Agreement (Xm Satellite Radio Inc)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and security interest in and lien on the Collateral and shall (i) remain in full force and effect until all of the Discharge Obligations shall have been paid in full or the Collateral Property shall have ben DOC #1293162 released from the Lien of Parity Lien Obligationsthe Security Documents, (ii) be binding upon the Company, on Borrower and its successors and assigns and (iii) inure, together with the all rights and remedies of the Collateral Trustee Lender hereunder, to the benefit of the Collateral Trustee Lender and the Secured Parties and their respective its successors, transferees and assignsassigns in respect of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (River Distribution Sub Inc)

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Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and security interest in and to the Collateral and shall (i) shall, unless otherwise provided in this Agreement, remain in full force and effect until the Discharge payment in full in cash of Parity Lien the Secured Obligations, (ii) . This Agreement shall be binding upon the CompanyGrantor, its transferees, successors and assigns assigns, and (iii) shall inure, together with the rights and remedies of the Collateral Indenture Trustee hereunder, to the benefit of the Collateral Indenture Trustee, the Holders of the Securities, the Pledge Trustee and the Secured Parties and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Novellus Systems Inc)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and perfected first security interest in the Pledged Collateral and shall (i) remain in full force and effect until the Discharge payment in full of Parity Lien all of the Secured Obligations, (ii) be binding upon the CompanyPledgor, its successors and assigns and (iii) inure, together with the rights and remedies of the Collateral Trustee Agent hereunder, to the benefit of the Collateral Trustee Agent and the Secured Parties and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Sirius Satellite Radio Inc)

Continuing Security Interest; Termination. (a) This Agreement shall create a continuing assignment of and security interest in and to the Collateral and shall (i) shall, unless otherwise provided in this Agreement, remain in full force and effect until the Discharge payment in cash of Parity Lien the Secured Obligations, (ii) . This Agreement shall be binding upon the CompanyGrantor, its transferees, successors and assigns assigns, and (iii) shall inure, together with the rights and remedies of the Collateral Trustee hereunder, to the benefit of the Collateral Trustee and Trustee, the Secured Parties Holders of the Notes, the Pledged Securities Intermediary and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Sunterra Corp)

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