Continuity and Termination Clause Samples
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Continuity and Termination. This Agreement shall become effective immediately and remain in effect so long as any of the Obligations are outstanding and unpaid, provided that the security interests hereunder shall continue in full force and effect and are noncancellable by Borrower prior to the termination of this Agreement. This Agreement may be terminated by Borrower upon actual delivery of written notice to Bank of such intention, and payment in full of all then existing Obligations; provided, however, that such notice and payment shall in no way affect, and this Agreement shall remain fully operative with respect to, any Obligations (including contingent Obligations), or commitments which may become Obligations, entered into between Borrower and Bank prior to receipt of such notice or payment, whichever is later.
Continuity and Termination. This Agreement shall become effective -------------------------- immediately, shall be continuing and remain in effect notwithstanding any intermittent absence of Obligations. This Agreement may be terminated by Obligor upon actual delivery of written notice to Bank and payment in full of all then existing Obligations; provided, however, that such notice and payment shall in no way affect, and this Agreement shall remain fully operative with respect to, any Obligations, or any Obligations which may thereafter arise in connection with any commitments of the Bank to extend financial accommodations to Obligor entered into between Obligor and Bank prior to receipt of such notice or payment, whichever is later. The indemnities of Obligor to Bank hereunder shall survive any termination hereof.
Continuity and Termination. This Agreement shall become effective immediately and remain in effect so long as any Obligation of MI PLC to MI Corp. is outstanding and unpaid, provided that the security interests hereunder shall continue in full force and effect and are non-cancelable by MI PLC prior to the termination of this Agreement. The Agreement may be terminated by MI PLC upon actual delivery of written notice to MI Corp. of such intention, and payment in full of all then existing Obligations secured hereby; provided, however, that such notice and payment shall in no way affect, and this Agreement shall remain fully operative with respect to, any Obligations, or commitments which may become Obligations, entered into between MI PLC and MI Corp. prior to receipt of such notice or payment, whichever is later.
Continuity and Termination. This Agreement shall become effective immediately and remain in effect so long as any Obligation of Borrower to Bank is outstanding and unpaid. This Agreement may be terminated by Borrower upon actual delivery of written notice to Bank of such intention, and payment in full of all then existing Obligations; provided, however, that such notice and payment shall in no way affect, and this Agreement shall remain fully operative with respect to, any Obligations, or commitments which may become Obligations, entered into between Borrower and Bank prior to receipt of such notice or payment, whichever is later.