Continuing Security Interest; Transfer of Note. This Agreement shall
(a) create a continuing security interest in the Collateral;
(b) remain in full force and effect until payment in full of all Secured Obligations;
(c) be binding upon Pledgor, its successors and assigns; provided that Pledgor may not assign any of its rights or obligations hereunder without the prior written consent of the Secured Party; and
(d) inure to the benefit of the Secured Party and their respective successors, transferees and assigns. Without limiting the foregoing, any holder may assign or otherwise transfer any other obligation, held by it to any other person, in accordance with the terms of the Purchase Agreement, and such other person shall thereupon become vested with all the benefits in respect thereof granted herein, in the other Loan Documents or otherwise. Upon the payment in full of the Secured Obligations, the security interest granted herein shall terminate and all rights to the Collateral shall revert to Pledgor. Upon any such termination, the Secured Party will, at Pledgor's expense, deliver all certificates and instruments representing or evidencing all Pledged Shares, together with all other Collateral held by the Secured Party hereunder, and execute and deliver to Pledgor (without recourse or representation whatsoever), at Pledgor's expense, such documents as Pledgor shall reasonably request to evidence such termination.
Continuing Security Interest; Transfer of Note. This ---------------------------------------------- Pledge Agreement shall create a continuing security interest in the Collateral and shall:
(a) remain in full force and effect until payment in full of all Secured Obligations;
(b) be binding upon the Pledgor and its successors, transferees and assigns; and
(c) inure, together with the rights and remedies of the Lender hereunder, to the benefit of the Lender. Without limiting the foregoing clause (c), the Lender may assign or otherwise transfer (in whole or in part) the Note held by it to any other person or entity, and such other person or entity shall thereupon become vested with all the rights and benefits in respect thereof granted to the Lender under this Pledge Agreement, subject, however, to any contrary provisions in such assignment or transfer. Upon the payment in full of all Secured Obligations, the security interest granted herein shall automatically terminate and all rights to the Collateral shall revert to the Pledgor. Upon any such termination, the Lender will, at the sole expense of the Pledgor, deliver to the Pledgor, without any representations, warranties or recourse of any kind whatsoever, all certificates and instruments representing or evidencing the Pledged Shares of the Pledgor with respect to which the security interest herein has terminated, together with all other Collateral of the Pledgor with respect to which the security interest herein has terminated which is held by the Lender hereunder, and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination. Notwithstanding anything to the contrary herein, the security interest granted herein in any Pledged Shares shall not terminate with respect to such Pledged Shares, and the Pledged Shares shall continue to be held by the Lender, until the Pledgor has satisfied its obligation to pay to the Lender any applicable federal, state or local income taxes or other amounts required by law to be withheld by the Lender with respect to such Pledged Shares.
Continuing Security Interest; Transfer of Note. This Pledge Agreement shall create a continuing security interest in the Collateral and shall
(a) remain in full force and effect until payment in full in cash of all Secured Obligations, the termination or expiration of all Letters of Credit, the termination of all Commitments,
(b) be binding upon the Pledgor and its successors, transferees and assigns, and
(c) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and each other Secured Party.
(i) the sale, transfer or other disposition of Collateral in accordance with the Credit Agreement or (ii) the payment in full in cash of all Secured Obligations, the termination or expiration of all Letters of Credit and the termination of all Commitments, the security interest granted herein shall automatically terminate with respect to (x) such Collateral (in the case of clause (i)) or (y) all Collateral (in the case of clause (ii)). Upon any such termination, the Collateral Agent will, at the Pledgor's sole expense, deliver to the Pledgor, without any representations, warranties or recourse of any kind whatsoever, all certificates and instruments representing or evidencing all Pledged Shares and all Pledged Notes, together with all other Collateral held by the Collateral Agent hereunder, and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.
Continuing Security Interest; Transfer of Note. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall
(a) remain in full force and effect until payment in full in cash of all Obligations,
(b) be binding upon the Pledgor and its successors, transferees and assigns, and
(c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent. Without limiting the foregoing clause (c), any Lender may assign or otherwise ---------- transfer (in whole or in part) any Note, Loan or Commitment held by it to any other Person or entity as permitted by, and in accordance with the terms of, the Credit Agreement, and such other Person or entity shall thereupon become vested with all the rights and benefits in respect thereof granted to such Lender under any Loan Document (including, without limitation, this Pledge Agreement) or otherwise.
Continuing Security Interest; Transfer of Note. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until payment in full of the Obligations, (ii) be binding upon Pledgor, its successors and assigns and (iii) inure to the benefit of Lender and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), Lender may assign or otherwise transfer the Loan Agreement to any other person or entity, and such other person or entity shall thereupon become vested with all the benefits in respect thereof granted to Lender herein or otherwise. Upon the payment in full of the Obligations, Pledgor shall be entitled to the return, upon its request and at its expense, of such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof.
Continuing Security Interest; Transfer of Note. This Secured Promissory Note shall create a continuing security interest in the Collateral and shall remain in full force and effect until payment in full of the obligations hereunder. The rights and obligations of the Buyer hereunder may not be assigned without the prior written consent of the other party and any purported assignment shall be null and void.
Continuing Security Interest; Transfer of Note. This Pledge Agreement shall create a continuing security interest in the Collateral and shall
(a) remain in full force and effect until payment in full of all Obligations,
(b) be binding upon the Pledgor and its successors, transferees and assigns, and
(c) inure, together with the rights and remedies of the Agent hereunder, to the benefit of the Agent and each other Lender Party.
Continuing Security Interest; Transfer of Note. This Security Agreement shall create a continuing security interest in the Collateral and shall: (i) remain in full force and effect until payment in full of the Obligations; (ii) be binding upon Borrower, its successors and assigns; and (iii) inure to the benefit of the Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Secured Party may assign the Note or any portion thereof held by it to any other person or entity, and such other person or entity shall thereupon become vested, ratably, with all the benefits in respect thereof granted to the Secured Party herein or otherwise. Upon the payment in full of the Obligations, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to Borrower. Upon any such termination, the Secured Party will, at its expense, execute and deliver to Borrower such documents as Borrower shall reasonably request to evidence such termination.
Continuing Security Interest; Transfer of Note. This Pledge Agreement shall create a continuing security interest in the Collateral and shall
Continuing Security Interest; Transfer of Note. This Agreement shall
(a) create a continuing security interest in the Collateral;
(b) remain in full force and effect until payment in full of all Secured Obligations;
(c) be binding upon Pledgor, its successors and assigns; provided that Pledgor may not assign any of its rights or obligations hereunder without the prior written consent of the Secured Party; and
(d) inure to the benefit of the Secured Party and his heirs and legal representatives.
