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

Continuing Security Interest; Transfer of Notes. This Agreement creates a present and continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all of the Secured Obligations, including all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the Pledgor, its successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and the Holders and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Indenture (Finlay Enterprises Inc /De), Security and Pledge Agreement (Finlay Enterprises Inc /De)

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Continuing Security Interest; Transfer of Notes. This Agreement creates shall create a present and continuing security interest in the Price Note Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all of the Secured Obligations, including Obligations and all the fees and expenses owing to the Price Note Collateral Agent, (ii) be binding upon the Pledgor, its successors and assigns, and (iii) inure, together with the rights and remedies of the Price Note Collateral Agent hereunder, to the benefit of the Price Note Collateral Agent and the ratable benefit of the Trustee and Agent, the Holders and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Pledge Agreement (Excel Legacy Corp), Pledge Agreement (Excel Legacy Corp)

Continuing Security Interest; Transfer of Notes. This Agreement creates shall create a present and continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all of the Secured Obligations, including Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the PledgorCompany, its successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and Agent, the Holders and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Avatex Corp), Form of Pledge and Security Agreement (Avatex Funding Inc)

Continuing Security Interest; Transfer of Notes. This Agreement creates shall create a present and continuing security interest in the Pledged Collateral and shall shall, unless otherwise provided in the Indenture or this Agreement, (ia) remain in full force and effect until the indefeasible payment in full is made of all Obligations in accordance with the terms of the Secured Obligations, including all the fees and expenses owing to the Collateral AgentIndenture, (iib) be binding upon the PledgorPledgors, its successors and assigns, and (iiic) inure, together with the rights and remedies of the Collateral Agent Trustee hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and Trustee, the Holders and each of their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Security and Pledge Agreement (Shop at Home Inc /Tn/)

Continuing Security Interest; Transfer of Notes. This Agreement creates shall create a present and continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all of the Secured Obligations, including Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the each Pledgor, its successors their successors, heirs and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and Agent, the Holders and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Shop Vac Corp)

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Continuing Security Interest; Transfer of Notes. This ----------------------------------------------- Agreement creates shall create a present and continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all of the Secured Obligations, including Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the Pledgor, its successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and Agent, the Holders of Senior Secured Discount Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (MRS Fields Holding Co Inc)

Continuing Security Interest; Transfer of Notes. This Agreement creates shall create a present and continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all of the Secured Obligations, including Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the PledgorCompany, its successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and Agent, the Holders of Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge and Security Agreement (Hyperion Telecommunications Inc)

Continuing Security Interest; Transfer of Notes. This Agreement creates shall create a present and continuing security interest in the Pledged Collateral and shall shall, unless otherwise provided in the Indenture or this Agreement, (ia) remain in full force and effect until the indefeasible payment in full is made of all Secured Obligations in accordance with the terms of the Secured Obligations, including all the fees and expenses owing to the Collateral AgentIndenture, (iib) be binding upon the Pledgor, its successors and assigns, and (iiic) inure, together with the rights and remedies of the Collateral Agent Trustee hereunder, to the benefit of the Collateral Agent and the ratable benefit of the Trustee and Trustee, the Holders and each of their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Security and Pledge Agreement (North American Vaccine Inc)

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