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

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon Pledgor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party may assign or otherwise transfer the Notes to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to Pledgor. Upon any such termination Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination, and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon Pledgoreach Debtor, its successors and assignsassigns (except to the extent otherwise provided in the Indenture), and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, Secured Party but subject to the terms of the Indenture, any Holder may assign or otherwise transfer the Notes any Note held by it to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party Holders herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate hereunder and of record and all rights to the Pledged Collateral granted hereunder shall revert to PledgorDebtors. Upon the sale or other disposition of any Collateral permitted by the Indenture, the security interest granted hereby with respect to such sold or disposed Collateral shall terminate hereunder and of record. Upon any such termination Secured Party willshall, at Pledgor's expenseDebtors' expense and upon documents provided by them, execute and deliver to Pledgor Debtors such documents as Pledgor Debtors shall reasonably request to evidence such termination, and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon Pledgor, its successors and assignsassigns (except to the extent otherwise provided in the Indenture), and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, Secured Party but subject to the terms of the Indenture, any Holder may assign or otherwise transfer the Notes any Note held by it to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party Holders herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate hereunder and of record and all rights to the Pledged Collateral granted hereunder shall revert to Pledgor. Upon any such termination Secured Party willshall, at Pledgor's expenseexpense and upon documents provided by it, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination, and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon Pledgor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party but subject to the provisions of subsection 2.06 of the Indenture, any Holder may assign or otherwise transfer the any Notes held by it to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party Holders herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to Pledgor. Upon any such termination Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination, termination and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This ----------------------------------------------- Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon Pledgor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party any Holder may assign or otherwise transfer the any Notes held by it to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party Holders herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to Pledgor. Upon any such termination Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination, termination and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the indefeasible payment in full in cash of all Secured ObligationsObligations and the cancellation or termination of the Revolving Loan and Acquisition Loan Commitments, (b) be binding upon Pledgor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party but subject to the provisions of the Loan and Security Agreement, any Lender may assign or otherwise transfer the any Notes held by it to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party herein or otherwise. Upon the indefeasible payment in full in cash of all Secured ObligationsObligations and the cancellation or termination of the Revolving Loan and Acquisition Loan Commitments, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to Pledgor. Upon any such termination Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination, termination and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, of such so much of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof.

Continuing Security Interest; Transfer of Notes. (a) This Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) remain in full force and effect until the payment in full in cash of all Secured Obligations, or until earlier terminated in accordance with the terms hereof and (bii) be binding upon Pledgor, its successors and assignsthe Debtor, and (c) inurethe Subsidiary, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its their respective successors, transferees and assigns. Without limiting . (b) Subject to the generality applicable provisions of the foregoing clause (c)Note, Stock Purchase and Warrant Agreement, the Secured Party may assign or otherwise transfer the Notes (in whole or in part) any Note held by it to any other Person, including without limitation Collateral AgentPerson or entity, and such other Person or entity shall thereupon become vested with all the rights and benefits in respect thereof granted to the Secured Party herein under this Security Agreement or otherwise. , subject, however, to any contrary provisions in such assignment or transfer. (c) Upon the payment in full in cash of all Notes and the termination of all Secured Obligations, other than in connection with the security interest exercise of remedies under this Agreement, the Security Interest granted hereby herein shall terminate and all rights to the Pledged Collateral shall revert to Pledgorthe Debtor or the Subsidiary, as the case may be. Upon any such termination termination, the Secured Party will, at Pledgor's expensesole expense of the Debtor, execute and deliver to Pledgor the Debtor and the Subsidiary such documents (without recourse and without representation or warranty) as Pledgor the Debtor shall reasonably request to evidence such termination, and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon Pledgor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party may assign or otherwise transfer the Notes to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to Pledgor. Upon any such termination Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination, and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. (a) This Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) remain in full force and effect until the payment in full in cash of all Secured Obligations, or until earlier terminated in accordance with the terms hereof and (bii) be binding upon Pledgor, its successors and assignsthe Debtor, and (c) inurethe Subsidiaries, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its their respective successors, transferees and assigns. Without limiting . (b) Subject to the generality applicable provisions of the foregoing clause (c)Note, Stock Purchase and Warrant Agreement, the Secured Party may assign or otherwise transfer the Notes (in whole or in part) any Note held by it to any other Person, including without limitation Collateral AgentPerson or entity, and such other Person or entity shall thereupon become vested with all the rights and benefits in respect thereof granted to the Secured Party herein under this Security Agreement or otherwise. , subject, however, to any contrary provisions in such assignment or transfer. (c) Upon the payment in full in cash of all Notes and the termination of all Secured Obligations, other than in connection with the security interest exercise of remedies under this Agreement, the Security Interest granted hereby herein shall terminate and all rights to the Pledged Collateral shall revert to Pledgorthe Debtor or the Subsidiaries, as the case may be. Upon any such termination termination, the Secured Party will, at Pledgor's expense, sole expense of the Debtor execute and deliver to Pledgor the Debtor and the Subsidiaries, such documents (without recourse and without representation or warranty) as Pledgor the Debtor shall reasonably request to evidence such termination, and Pledgor shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, 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 Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full in cash of all Secured Obligations, (b) be binding upon PledgorPledgors, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party but subject to the provisions of subsection 2.06 of the Indenture, any Holder may assign or otherwise transfer the any Notes held by it to any other Person, including without limitation Collateral Agent, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party Holders herein or otherwise. Upon the payment in full in cash of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to PledgorPledgors. Upon any such termination Secured Party will, at Pledgor's Pledgors' expense, execute and deliver to Pledgor Pledgors such documents as Pledgor Pledgors shall reasonably request to evidence such termination, termination and Pledgor Pledgors shall be entitled to the return, upon its request and at its expense, against receipt and without recourse to Secured Party, of such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof.