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

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 Security Agreement shall create a continuing security interest in the Collateral and shall: shall (i) remain in full force and effect until payment in full of the Obligations; , (ii) be binding upon BorrowerDebtor, its successors and assigns; 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 or otherwise transfer the Note or any portion thereof Notes held by it to any other person or entity, and such other person or entity shall thereupon become vested, ratably, vested 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 BorrowerDebtor. Upon any such termination, the Secured Party will, at its Debtor's expense, execute and deliver to Borrower Debtor such documents as Borrower Debtor shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Note. This Security Agreement shall create a continuing security interest in the Collateral and shall: shall (i) remain in full force and effect until payment in full written termination of this Agreement by the Obligations; Secured Party, (ii) be binding upon Borrower, its and Borrower’s successors and assigns; , and (iii) inure to the benefit of the Secured Party and its the Secured Party’s heirs, legal representatives, successors, participants, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Secured Party may assign or otherwise transfer the Note Note, or any portion thereof other instrument evidencing the Obligations, or this Agreement, or any other evidence of indebtedness held by it the Secured Party to any other person or entity, ; and such other person or entity shall thereupon become vested, ratably, vested with all the benefits in respect thereof granted to the Secured Party herein or otherwise. Upon the payment in full termination of this Agreement by the ObligationsSecured Party, 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 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, vested 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.