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 (i) remain in full force and effect until the payment in full of all the Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the Company, 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, the Holders and their respective successors, transferees and assigns.

Appears in 2 contracts

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

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Continuing Security Interest; Transfer of Notes. This Agreement shall create a 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 the Obligations and all the fees and expenses owing to the Price Note Collateral Agent, (ii) be binding upon the CompanyPledgor, 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, the Holders and their respective successors, transferees and assigns.

Appears in 2 contracts

Samples: Note Purchase Agreement (Excel Legacy Corp), Note Purchase Agreement (Excel Legacy Corp)

Continuing Security Interest; Transfer of Notes. This Agreement shall create 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 Obligations and Secured Obligations, including all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the CompanyPledgor, 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, 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), Indenture (Finlay Enterprises Inc /De)

Continuing Security Interest; Transfer of Notes. This ----------------------------------------------- Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all the Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the CompanyPledgor, 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, 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 shall create a 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 Obligations and all terms of the fees and expenses owing to the Collateral AgentIndenture, (iib) be binding upon the CompanyPledgor, 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 AgentTrustee, 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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Continuing Security Interest; Transfer of Notes. This Agreement shall create a 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 Obligations and all terms of the fees and expenses owing to the Collateral AgentIndenture, (iib) be binding upon the CompanyPledgors, 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 AgentTrustee, 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 shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all the Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the Company, 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, 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 shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full of all the Obligations and all the fees and expenses owing to the Collateral Agent, (ii) be binding upon the Companyeach 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, the Holders and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Shop Vac Corp)

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