Common use of Continuing Lien Clause in Contracts

Continuing Lien. It is the intent of the parties hereto that (a) this Pledge Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between any Grantor and the Collateral Agent under or in connection with the Notes or otherwise relating to any other Obligation, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.

Appears in 2 contracts

Samples: Assumption Agreement (Perseus Partners Vii L P), Pledge and Security Agreement (Photomedex Inc)

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Continuing Lien. It is the intent of the parties hereto that (a) this Pledge Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between any the Grantor and the Collateral Agent Lender under or in connection with the Notes or otherwise relating to any other ObligationNotes, and (b) the security interest provided for herein shall attach to after-acquired as well as existing CollateralCollateral and the Obligations covered by this Agreement shall include any future advances under or in connection with the Credit Agreement.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Metropcs Communications Inc), Pledge Agreement (Metropcs Communications Inc)

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Continuing Lien. It is the intent of the parties hereto that (a) this Pledge Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between any the Grantor and the Collateral Agent under or in connection with the Notes or otherwise relating to any other Obligation, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Photomedex Inc)

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