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

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Termination Date; (b) be binding upon the Grantor 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 Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Titan Corp), Credit Agreement (Titan Corp)

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Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall shall (ai) remain in full force and effect until the Termination Date; payment in full of all obligations secured hereby, (bii) be binding upon the Grantor Debtor and its successors, transferees successors and assigns; and , (ciii) inure, together with the rights and remedies of the Administrative Agent hereunder, inure to the benefit of Secured Party and its successors and assigns. Without limiting the Administrative Agent generality of the foregoing, Secured Party may assign or otherwise transfer the Note to any other person or entity and each such other Secured Partyperson or entity shall be entitled to all of the benefits of this Security Agreement.

Appears in 2 contracts

Samples: Sale Agreement (Marriott Vacations Worldwide Corp), Sale Agreement (Marriott Vacations Worldwide Corp)

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Termination Date; (b) be binding upon the each Grantor 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 Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

Continuing Security Interest; Transfer of Notes. This Security 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 and the Termination Date;termination of all Commitments, (b) be binding upon the Grantor and each Grantor, 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 Secured Lender Party.

Appears in 1 contract

Samples: Credit Agreement (Wilson Greatbatch Technologies Inc)

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall: (a) remain in full force and effect until the Fixed Assets Termination Date; (b) be binding upon the Grantor and each Grantor, 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 Secured Party.

Appears in 1 contract

Samples: Fixed Assets Security Agreement (Sterling Chemical Inc)

Continuing Security Interest; Transfer of Notes. This Security ----------------------------------------------- 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 and the Termination Date;termination of all Commitments, (b) be binding upon the Grantor and Grantor, 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 Secured Lender Party.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

Continuing Security Interest; Transfer of Notes. This ----------------------------------------------- Security Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Termination Date;payment in full in cash of all Secured Obligations, (b) be binding upon the Grantor and each Grantor, 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 Secured Party.

Appears in 1 contract

Samples: Security Agreement (Jorgensen Earle M Co /De/)

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Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall: (a) remain in full force and effect until the Current Assets Termination Date; (b) be binding upon the Grantor and each Grantor, 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 Current Assets Secured Party.

Appears in 1 contract

Samples: Current Assets Security Agreement (Sterling Chemical Inc)

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shallshall in accordance with applicable law (a) remain in full force and effect until the Termination Date;payment in full of all Obligations and the termination of all Commitments, (b) be binding upon the Grantor and each Grantor, 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 Secured Lender Party.

Appears in 1 contract

Samples: Security Agreement (Pasta Group L L C)

Continuing Security Interest; Transfer of Notes. This Security 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 and the Termination Date;termination of all Commitments, (b) be binding upon the Grantor and Grantor, 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 Secured Lender Party.

Appears in 1 contract

Samples: Security Agreement (Aristotle Corp)

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shallshall in accordance with applicable law (a) remain in full force and effect until the Termination Date;payment in full of all Obligations and the termination of all Commitments, (b) be binding upon the Grantor and Grantor, 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 Secured Lender Party.

Appears in 1 contract

Samples: Security Agreement (Pasta Group L L C)

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