Continuing Security Interest; Transfers by the Lender Sample Clauses

Continuing Security Interest; Transfers by the Lender. This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until the indefeasible payment in full of all of the obligations of Assignor to the Lender, (ii) be binding upon Assignor, its successors and assigns and (iii) inure to the benefit of Assignee, and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), Assignee may assign or otherwise transfer any obligations held by it, and such other benefits in respect thereof granted to it herein or otherwise, to any other person or entity, subject, however, to the provisions of Section 8.5 of the Credit Agreement. Upon the indefeasible payment in full of all of the obligations of Assignor to the Lender, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to Assignor, subject to any disposition thereof which may have been made by Assignee pursuant hereto or pursuant to the Credit Agreement. Upon any such termination, Assignee shall, at Assignor's expense, execute and deliver to Assignor such documents as Assignor shall reasonably request to evidence such termination.