Nature and Continuation of Lender’s Security Interest. This Agreement is made for collateral security purposes only. This Agreement shall create a continuing security interest in the Patents and the Licenses and shall remain in full force and effect until the Obligations have been paid in full and the Note Purchase Agreement terminated.
Appears in 2 contracts
Samples: Junior Subordinated Patent and License Security Agreement (Pw Eagle Inc), Senior Subordinated Patent and License Security Agreement (Pw Eagle Inc)
Nature and Continuation of Lender’s Security Interest. This Agreement is made for collateral security purposes only. This Agreement shall create a continuing security interest in the Patents Trademarks and the Licenses and shall remain in full force and effect until the Obligations have been paid in full and the Note Purchase Agreement terminated.
Appears in 2 contracts
Samples: Junior Subordinated Trademark and License Security Agreement (Pw Eagle Inc), Senior Subordinated Trademark and License Security Agreement (Pw Eagle Inc)
Nature and Continuation of Lender’s Security Interest. This Agreement is made for collateral security purposes only. This Agreement shall create a continuing security interest in the Patents Trademarks and the Licenses and shall remain in full force and effect until the Obligations have been paid in full and the Note Purchase Loan Agreement terminated. At such time, the rights granted to Lender hereunder shall also terminate.
Appears in 1 contract
Samples: Loan and Security Agreement (Paul Harris Stores Inc)
