Common use of Extent and Duration of Security Interest Clause in Contracts

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent .

Appears in 2 contracts

Samples: Loan and Security Agreement (Sports Authority Inc /De/), Loan and Security Agreement (Sports Authority Inc /De/)

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Extent and Duration of Security Interest. (a) The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers Borrower to the Agent and shall continue in full force and effect applicable to all Liabilities until both (a) all Liabilities have been paid and/or satisfied in full and (b) the security interest granted Revolving Credit Dollar Commitment of each Revolving Credit Lender is terminated. (b) It is intended that the Collateral Interests created herein is specifically terminated in writing by a duly authorized officer extend to and cover all assets of the Agent Borrower, other than Exempt Assets.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers or Guarantors to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full full, no more Commitments exist and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent Agent, which termination shall not unreasonably be withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full full, no more Commitments exist and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent Agent, which termination shall not unreasonably be withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Extent and Duration of Security Interest. The security interest ---------------------------------------- created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers Borrower to the Agent Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Number Nine Visual Technology Corp)

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full full, the Commitment of the Agent to make loans and other financial accommodations has been terminated, and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Duckwall Alco Stores Inc)

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Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers Borrower to the Collateral Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Collateral Agent .

Appears in 1 contract

Samples: Loan and Security Agreement (Baker J Inc)

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full full, no more Commitments exist and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent .125

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent Lender .

Appears in 1 contract

Samples: Loan and Security Agreement (Garden Botanika Inc)

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