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Common use of Continuing Security Interest; Transfer of Note Clause in Contracts

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.

Appears in 2 contracts

Samples: Pledge Agreement (Aristotle Corp), Subsidiary Pledge Agreement (Aristotle Corp)

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 immediately available funds of all Secured Obligations, the termination or expiration of all Letters of Credit and 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 Administrative Agent hereunder, to the benefit of the Administrative Agent and each other Lender Secured Party.

Appears in 1 contract

Samples: Pledge Agreement (Prosource Inc)

Continuing Security Interest; Transfer of Note. This Pledge Agreement shall create a continuing security interest in the Collateral and shall (a) shall ___ remain in full force and effect until payment in full in cash of all Secured Obligations, (b) , the termination or expiration of all Letters of Credit and the termination of all Commitments, ___ be binding upon the each Pledgor and its successors, transferees and assigns, and (c) and ___ inure, together with the rights and remedies of the Facility Agent hereunder, to the benefit of the Facility Agent and each other Lender Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Dayton Superior Corp)

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.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

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 ObligationsObligations and 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 Administrative Agent hereunder, to the benefit of the Administrative Agent and each other Lender Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Tele Communications International Inc)