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

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 any Borrower to the Collateral Agent (including, without limitation, under any mortgages and deeds of trust) and shall continue in full force and effect applicable to all Liabilities until (i) the Termination Date has occurred; and (ii) all Liabilities have been paid or satisfied in full in cash and satisfactory arrangements with respect to L/Cs and Banker's Acceptances as provided in Section 19.2 hereof have been made; and (iii) the security interest created herein is specifically terminated in writing by duly authorized officers of the Collateral Agent as provided in Section 19.2(d) hereof. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of each Borrower, except for Excluded Property. (c) If a Borrower shall at any time acquire a Commercial Tort Claim, the Lead Borrower shall promptly notify the Administrative Agent in writing of the details thereof and the Borrowers shall take such actions as the Collateral Agent shall request in order to grant to the Collateral Agent, for the ratable benefit of the Revolving Credit Lenders, the Issuer, the Agent, and the Affiliates of each of them, a perfected and first priority security interest therein and in the Proceeds thereof.

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 any Borrower to the Collateral Agent (including, without limitation, under any mortgages and deeds of trust) and shall continue in full force and effect applicable to all Liabilities until (i) the Termination Date has occurred; and (ii) all Liabilities have been paid or satisfied in full in cash and satisfactory arrangements with respect to L/Cs and Banker's Acceptances as provided in Section 19.2 hereof have been made; and (iii) the security interest created herein is specifically terminated in writing by duly authorized officers of the Collateral Agent as provided in Section 19.2(d) hereof. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of each Borrower, except for Excluded Property. (c) If a Borrower shall at any time acquire a Commercial Tort Claim, the Lead Borrower shall promptly notify the Administrative Agent in writing of the details thereof and the Borrowers shall take such actions as the Collateral Agent shall request in order to grant to the Collateral Agent, for the ratable benefit of the Revolving Credit Lenders, the Issuer, the AgentAgents, and the Affiliates of each of them, a perfected and first priority security interest therein and in the Proceeds thereof.

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 any Borrower to the Collateral Agent Agents (including, without limitation, under any mortgages and deeds of trust) and shall continue in full force and effect applicable to all Liabilities until (i) the Termination Date has occurred; and (ii) all Liabilities have been paid or satisfied in full in cash and satisfactory arrangements with respect to L/Cs and Banker's Acceptances as provided in Section 19.2 18.2 hereof have been made; and (iii) the security interest created herein is specifically terminated in writing by duly authorized officers of the Collateral Agent Agents as provided in Section 19.2(d18.2(d) hereof. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of each Borrower, except for Excluded Property. (c) If a Borrower shall at any time acquire a Commercial Tort Claim, the Lead Borrower shall promptly notify the Administrative Agent in writing of the details thereof and the Borrowers shall take such actions as the Collateral Agent Agents shall request in order to grant to the Collateral AgentAgents, for the ratable benefit of the Revolving Credit Lenders, the Issuer, the AgentAgents, and the Affiliates of each of them, a perfected and first priority security interest therein and in the Proceeds thereof.

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 any the Borrower to the Collateral Agent (including, without limitation, under any mortgages and deeds of trust) and shall continue in full force and effect applicable to all Liabilities until (i) the Termination Date has occurred; and (ii) all Liabilities have been paid or satisfied in full in cash and satisfactory arrangements with respect to L/Cs and Banker's ’s Acceptances as provided in Section 19.2 hereof have been made; and (iii) the security interest created herein is specifically terminated in writing by duly authorized officers of the Collateral Agent as provided in Section 19.2(d) hereof. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of each the Borrower, except for Excluded Property. (c) If a the Borrower shall at any time acquire a Commercial Tort Claim, the Lead Borrower shall promptly notify the Administrative Agent in writing of the details thereof and the Borrowers Borrower shall take such actions as the Collateral Agent shall request in order to grant to the Collateral Agent, for the ratable benefit of the Revolving Credit Lenders, the Issuer, the Agent, and the Affiliates of each of them, a perfected and first priority security interest therein and in the Proceeds thereof.