Common use of Continuing Security Interest Clause in Contracts

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee of a portion of the Pledged Collateral.

Appears in 7 contracts

Samples: Pledge Agreement (Artemis International Solutions Corp), Pledge Agreement (Moore Medical Corp), Pledge Agreement (Greenfield Online Inc)

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Continuing Security Interest. This Agreement shall (i) create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates payment in accordance full of the Notes, (ii) be binding upon the Pledgor, its successors and assigns, and (iii) inure, together with its terms. The Pledgor the rights and remedies of the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer hereunder, to the Pledgee of a portion benefit of the Pledged CollateralPledgee and their executors, heirs and permitted assigns.

Appears in 4 contracts

Samples: Stock Pledge Agreement (Phoenix Group Corp), Stock Pledge Agreement (Phoenix Group Corp), Stock Pledge Agreement (Phoenix Group Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor Each of the Pledgors and the Pledgee Collateral Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to any of the Pledgee Pledgors or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 4 contracts

Samples: Subordinated Note and Warrant Purchase Agreement (Crown Crafts Inc), Credit Agreement (Crown Crafts Inc), Credit Agreement (Guilford Mills Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and Pledgors or the Pledgee Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgors or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 4 contracts

Samples: Construction Loan Agreement (Corporate Office Properties Trust), Pledge Agreement (U-Store-It Trust), Construction Loan Agreement (Corporate Office Properties Trust)

Continuing Security Interest. This Agreement constitutes an authenticated record shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor Pledgors and the Pledgee Administrative Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to by the Pledgee Pledgors or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 3 contracts

Samples: Credit Agreement (Select Income REIT), Pledge Agreement (Select Income REIT), Closing Agreement (Select Income REIT)

Continuing Security Interest. This Agreement shall create a ---------------------------- continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 3 contracts

Samples: Credit Agreement (Harrys Farmers Market Inc), Pledge Agreement (Harrys Farmers Market Inc), Pledge Agreement (Zynaxis Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Gerber Scientific Inc), Pledge Agreement (Vaxcel Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral in favor of the Pledgee and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor be binding upon the Pledgor, the Securities Intermediary and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer Pledgee, to the Pledgee of a portion benefit of the Pledged CollateralPledgee and its successors and permitted assigns; provided, however, the Pledgor may not assign its rights or delegate its duties hereunder without the prior written consent of the requisite lenders under the Credit Agreement.

Appears in 2 contracts

Samples: Incremental Facility Activation Notice (SPX Corp), Incremental Facility Activation Notice (SPX Corp)

Continuing Security Interest. This Agreement shall create a ---------------------------- continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates indefeasible payment in accordance with its termsfull of the Secured Obligations. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Security Capital Group Inc/), Guarantor Pledge Agreement (Security Capital Group Inc/)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Pledge Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Samples: Credit Agreement (Physicians Specialty Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee Collateral Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Gold Kist Inc)

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Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Each Pledgor and the Pledgee hereby agree that the security interest created by this Pledge Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee such Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Samples: Credit Agreement (Physicians Specialty Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates indefeasible payment in accordance with its termsfull of the Secured Obligations. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Security Capital Group Inc/)

Continuing Security Interest. This Agreement shall create a ---------------------------- continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Samples: Stock Pledge Agreement (National Data Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Verso Technologies Inc)

Continuing Security Interest. This Each Pledgor agrees that this Pledge Agreement shall create a continuing security interest in and pledge of the Pledged Collateral and which shall remain in full force and effect until it terminates terminated in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee of a portion of the Pledged CollateralSection 24.

Appears in 1 contract

Samples: Credit Agreement (Catellus Development Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Bond Collateral and shall remain in full force and effect until it terminates in accordance with its termsterms as set forth in Section 19 hereof. The Pledgor and the Pledgee Lender hereby agree that the security interest created by this Agreement in the Pledged Bond Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee any of a Pledgor or any person designated by it of all or any portion of the Pledged Bond Collateral.

Appears in 1 contract

Samples: Bond Pledge Agreement

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