Successors and Assigns; Termination. This Pledge Agreement shall create a continuing security interest in the Pledged Stock and shall be binding upon the Company, its successors and assigns, and inure, together with the rights and remedies of the Agent hereunder, to the benefit of the Agent and its successors, transferees and assigns. Upon the payment in full in immediately available funds of all of the Secured Obligations and the termination of all commitments to lend under the Operative Documents, the security interest granted hereunder shall terminate and upon such termination the Agent shall assign, transfer and deliver without recourse and without warranty the Pledged Stock to the Company (and any property received in respect thereof) as has not theretofore been sold or otherwise applied pursuant to the provisions of this Pledge Agreement.
Successors and Assigns; Termination. This Security Agreement shall create a continuing security interest in the Collateral and shall be binding upon the Company, its successors and assigns, and inure, together with the rights and remedies of the Agent hereunder, to the benefit of the Agent and its successors, transferees and assigns. Upon the payment in full in immediately available funds of all of the Secured Obligations and the termination of all commitments to lend under the Operative Documents, the security interest granted hereunder shall terminate and all rights to the Collateral shall revert to the Company.
Successors and Assigns; Termination. This Agreement shall create a continuing, absolute, unconditional and irrevocable security interest in the Collateral and shall be binding upon Grantor, its successors and assigns, and inure, together with the rights and remedies of Lenders hereunder, to the benefit of Lxxxxxx and their respective successors, transferees and assigns. Upon the irrevocable payment in full in immediately available funds of all of the Secured Obligations and the termination of all commitments to lend and letters of credit outstanding under this Agreement, the Loan Agreement or any other loan document, the security interest granted hereunder shall terminate and all rights to the Collateral shall revert to Grantor.
Successors and Assigns; Termination. Except as otherwise expressly provided herein, this Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of the parties hereto; PROVIDED, HOWEVER, (i) this Agreement shall terminate and not apply when (a) Common Stock is no longer held by Xxxxx, TCW or their respective affiliates and (b) no TCW Sub Notes are outstanding, and (ii) any transferee (or successor) of Voting Stock from Xxxxx during the time any TCW Sub Notes shall be outstanding shall be bound by SECTION 5 and SECTION 9 hereof and Xxxxx (and Smith's successors) shall condition any transfer of such Voting Stock on the prospective transferee's written acknowledgement of the foregoing and agreement to be bound thereby.
Successors and Assigns; Termination. (a) This Agreement will be binding upon and inure to the benefit of the Bank, the Borrowers and their respective successors and assigns, except that no Borrower may assign or transfer any of its rights under this Agreement without the prior written consent of the Bank. The Borrowers may terminate this Agreement at any time upon ten (10) Business Days’ prior written notice and the final, unconditional payment in full in cash or other immediately available funds of the Debt (other than inchoate indemnification obligations).
Successors and Assigns; Termination. This Security Agreement shall create a continuing security interest in the Collateral and shall be binding upon each Grantor, its successors and assigns, and inure, together with the rights and remedies of the Agent hereunder, to the benefit of the Agent, the Lenders and their respective successors, transferees and assigns. Upon the payment in full in immediately available funds of all of the Secured Obligations and the termination of all commitments to lend under the Operative Documents, the security interest granted hereunder shall terminate and all rights to the Collateral shall revert to such Grantors.
Successors and Assigns; Termination. Except as otherwise expressly provided herein, this Agreement shall inure to the benefit of and be binding upon the permitted successors and assigns of the parties hereto; provided, however, as to any particular Securities, this Agreement shall terminate and not apply when such Securities are no longer held by any members of the Smitx Xxxup, the Purchasers or their respective affiliates; provided further that the provisions of Section 5.2 shall apply to Securities until all outstanding Series Z Preferred Stock is converted to Common Stock; and provided further, that the provisions of Section 8 shall apply to Holdings, Fund V and Portfolio regardless of their holdings of Securities. Nothing herein shall be construed to prohibit any future holder of the Securities from assuming the rights and obligations under this Agreement.
Successors and Assigns; Termination. This Pledge Agreement shall create a continuing security interest in the Collateral and shall be binding upon the Pledgor, its successors and assigns, and inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and its successors, transferees and assigns. Upon the payment in full in immediately available funds of all of the Subject Obligations and the termination of all commitments to lend under the Financing Agreements, the security interest granted hereunder shall terminate and upon such termination the Collateral Agent shall assign, transfer and deliver without recourse and without warranty (except for the absence of any Liens created by the Creditors) the Collateral to the Pledgor (and any property received in respect thereof) as has not theretofore been sold or otherwise applied pursuant to the provisions of this Pledge Agreement.
Successors and Assigns; Termination. This Agreement shall be binding upon the heirs, successors, receivers and assigns of all Parties and shall terminate when the County has accepted the Improvements and has extinguished the DIA following the expiration of the Warranty Period, or upon one of the following conditions: receipt by the County of the full amount of the remaining undisbursed Funds as requested upon default or ninety-one (91) days after the filing of an Affidavit of Lapse of Improvements Agreement, whichever comes first.
Successors and Assigns; Termination. Except as otherwise expressly provided herein, this Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of the parties hereto; provided, however, that this Agreement shall terminate and not apply when Common Stock is no longer held by any of the Xxxxx Group, TCW or their respective Affiliates.
