Common use of Survival of Covenants; Binding Effect Clause in Contracts

Survival of Covenants; Binding Effect. All agreements, representations, covenants and warranties made by the Borrower in this Agreement, the other Financing Documents, or in any certificate or other document delivered to the Lender in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Obligations to the Lender been paid in full and satisfied, and the security interest, Lien and rights granted to the Lender in any Collateral and its rights and remedies hereunder and under the other Financing Documents shall continue in full force and effect, notwithstanding the fact that Loans may, from time to time, be in a zero or credit position, until all Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Documents shall be binding upon, inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Security Agreement (Ariad Pharmaceuticals Inc)

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Survival of Covenants; Binding Effect. All agreements, representations, covenants and warranties made by the Borrower each Subsidiary Guarantor in this Agreement, the other Financing Documents, or in any certificate or other document delivered to the Lender in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Secured Obligations to the Lender have been paid in full and satisfied, and the security interest, Lien and rights granted to the Lender in any Collateral and its rights and remedies hereunder and under the other Financing Documents shall continue in full force and effect, notwithstanding the fact that Loans may, from time to time, be in a zero or credit position, until all Secured Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Documents shall be binding upon, inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Geerlings & Wade Inc)

Survival of Covenants; Binding Effect. All agreements, representations, covenants and warranties made by the Borrower in this Agreement, the other Financing DocumentsInstruments, or in any certificate or other document delivered to the Lender in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Obligations to the Lender have been paid in full and satisfied, and the security interest, Lien interests and rights granted to the Lender in any Collateral collateral and its rights and remedies hereunder and under the other Financing Documents Instruments shall continue in full force and effect, effect notwithstanding the fact that Loans may, the Borrower's Loan account may from time to time, time be in a zero or credit position, until all Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Documents Instruments shall be binding upon, upon and inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Commercial Loan Agreement (Boston Biomedica Inc)

Survival of Covenants; Binding Effect. All agreements, ------------------------------------- representations, covenants and warranties made by the Borrower in this Agreement, the other Financing Documents, or in any certificate or other document delivered to the Lender in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Obligations to the Lender have been paid in full and satisfied, and the security interest, Lien and rights granted to the Lender in any Collateral and its rights and remedies hereunder and under the other Financing Documents shall continue in full force and effect, notwithstanding the fact that Loans may, from time to time, be in a zero or credit position, until all Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Documents shall be binding upon, inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Geerlings & Wade Inc)

Survival of Covenants; Binding Effect. All agreements, representations, covenants and warranties made by the Borrower Debtor in this Agreement, the other Financing Loan Documents, or in any certificate or other document delivered to the Lender Secured Party in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Obligations to the Lender Secured Party have been paid in full and satisfied, and the security interest, Lien and rights granted to the Lender Secured Party in any Collateral and its rights and remedies hereunder and under the other Financing Loan Documents shall continue in full force and effect, notwithstanding the fact that Loans may, from time to time, be in a zero or credit position, until all Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Loan Documents shall be binding upon, inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Security Agreement (Designs Inc)

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Survival of Covenants; Binding Effect. All agreements, representations, covenants and warranties made by the Borrower in this Agreement, the other Financing Documents, or in any certificate or other document delivered to the Lender in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Obligations to the Lender been paid in full and satisfied, and the security interest, Lien and rights granted to the Lender in Exhibit 10.5 any Collateral and its rights and remedies hereunder and under the other Financing Documents shall continue in full force and effect, notwithstanding the fact that Loans maymay , from time to time, be in a zero or credit position, until all Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Documents shall be binding upon, inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Security Agreement (Ariad Pharmaceuticals Inc)

Survival of Covenants; Binding Effect. All agreements, -------------------------------------------- representations, covenants and warranties made by the any Borrower in this Agreement, the other Financing DocumentsInstruments, or in any certificate or other document delivered to the Lender in connection herewith shall survive the termination of this Agreement and survive the execution and delivery of this Agreement, and shall remain in full force and effect until all Obligations to the Lender have been paid in full and satisfied, and the security interest, Lien interests and rights granted to the Lender in any Collateral collateral and its rights and remedies hereunder and under the other Financing Documents Instruments shall continue in full force and effect, effect notwithstanding the fact that Loans may, any Borrower's Loan account may from time to time, time be in a zero or credit position, until all Obligations have been satisfied. All the terms and provisions of this Agreement and the other Financing Documents Instruments shall be binding upon, upon and inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Commercial Loan Agreement (Boston Biomedica Inc)

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