Common use of Continuing Security Interest; Assignment Clause in Contracts

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 7 contracts

Samples: Control Agreement (Bearingpoint Inc), Security Agreement (Bearingpoint Inc), Control Agreement (Department 56 Inc)

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Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 6 contracts

Samples: Pledge Agreement (Adesa Inc), Security Agreement (Quest Resource Corp), Security Agreement (Ply Gem Industries Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Security Agreement Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon on the Pledgors, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness Indebtedness held by it that is secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement other Loan Documents and any Lender Hedging AgreementAgreement to which such Secured Party is a party.

Appears in 6 contracts

Samples: Security Agreement (Herbalife Ltd.), Security Agreement (Herbalife Ltd.), Security Agreement (Wh Holdings Cayman Islands LTD)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 4 contracts

Samples: Pledge Agreement (Intcomex, Inc.), Security Agreement (Intcomex Holdings, LLC), Security Agreement (Us Lec Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementObligation.

Appears in 4 contracts

Samples: Security Agreement (Norcraft Companies Lp), Security Agreement (Norcraft Companies Lp), Canadian Security Agreement (Norcraft Companies Lp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Security Agreement Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.), Security Agreement (Communications & Power Industries Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson to the extent permitted by the Credit Agreement, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging and, in the case of a Secured Party that is a party to a Swap Contract or Treasury Management Agreement, such Swap Contract or Treasury Management Agreement.

Appears in 3 contracts

Samples: First Lien Term Security Agreement (Foamex International Inc), Second Lien Term Security Agreement (Foamex International Inc), Security Agreement (Barrington Quincy LLC)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging and, in the case of a Secured Party that is a party to a Specified Swap Agreement or Secured Cash Management Agreement, such Specified Swap Agreement or Secured Cash Management Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Second Lien Term Loan Agreement and any Lender Hedging Swap Agreement.

Appears in 3 contracts

Samples: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assignsassignees (including permitted assignees pursuant to Section 10.04 of the Credit Agreement). No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 2 contracts

Samples: Security Agreement (Internap Network Services Corp), Security Agreement (Biglari Holdings Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 2 contracts

Samples: Security Agreement (SFBC International Inc), Credit Agreement (SFBC International Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.

Appears in 2 contracts

Samples: Canadian Security Agreement (Southern Graphic Systems, Inc.), Security Agreement (Southern Graphic Systems, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Credit Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 2 contracts

Samples: Security Agreement (Foot Locker Inc), Security Agreement (Foot Locker Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (except for Permitted Collateral Liens). Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Permitted Hedging AgreementAgreements.

Appears in 2 contracts

Samples: Security Agreement (Biglari Holdings Inc.), Security Agreement (Biglari Holdings Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the 38 foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Specified Hedging Agreement.

Appears in 2 contracts

Samples: Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/)

Continuing Security Interest; Assignment. This Agreement ---------------------------------------- shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 2 contracts

Samples: Securities Pledge Agreement (Coaxial LLC), Securities Pledge Agreement (Insight Communications of Central Ohio LLC)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 2 contracts

Samples: Security Agreement (LNT Leasing II, LLC), Security Agreement (Orbimage Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgorseach Grantor, and each of their respective permitted successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the extent permitted by the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.

Appears in 2 contracts

Samples: Security Agreement (Houghton Mifflin Harcourt Co), Security Agreement (Houghton Mifflin Harcourt Co)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Purchase Agreement.

Appears in 2 contracts

Samples: Security Agreement (Terremark Worldwide Inc), Security Agreement (Terremark Worldwide Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson to the extent permitted by the Credit Agreement, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreementand, in the case of a Secured Party that is a party to a Swap Agreement or Cash Management Services, such Swap Agreement or Cash Management Services.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Smith & Wesson Holding Corp), Security Agreement (Smith & Wesson Holding Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 2 contracts

Samples: Pledge Agreement (Alta One Inc.), Security Agreement (Metal Management Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreementand, in the case of a Secured Party that is a party to a Swap Contract, such Swap Contract.

Appears in 1 contract

Samples: Security Agreement (Emergency Medical Services CORP)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), subject to the provisions of any applicable Gaming Laws and the prior approval of any applicable Gaming Authority, any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (Trump Indiana Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgorseach Pledgor, their respective its successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons Person (including, without limitation, any other creditor of any a Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness Note held by it secured by this Agreement to any other PersonPerson in accordance with the terms of the Indenture, the Notes and relevant federal and state securities laws, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Securities Pledge Agreement (Acme Intermediate Holdings LLC)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Secured Party hereunder, to the benefit of the Administrative Agent and the other Secured Parties Party and each of their permitted respective its successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any the Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such the Secured Party, herein or otherwise, subject however, to the provisions of the Credit Purchase Agreement and any Lender Hedging Agreement(including the Amendment).

Appears in 1 contract

Samples: Pledge Agreement (Novitron International Inc)

Continuing Security Interest; Assignment. (g) . This Related Real Estate Collateral Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantor, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgorthe Grantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Related Real Estate Collateral Security Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Credit Agreement (Supervalu Inc)

Continuing Security Interest; Assignment. This Agreement Mortgage shall create a continuing security interest in the Pledged Collateral Mortgaged Property and shall (ai) be binding upon the PledgorsMortgagor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Mortgagee hereunder, to the benefit of the Administrative Agent Mortgagee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any PledgorMortgagor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party Lender may assign or otherwise transfer any indebtedness held by it secured by this Agreement Mortgage to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured PartyLender, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (General Automation Inc/Il)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest interests in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness Note held by it secured by this Agreement to any other Person, and an such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Partyperson, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (Doe Run Resources Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementBridge Notes.

Appears in 1 contract

Samples: Security Agreement (WorldSpace, Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Inventory and Accounts Security Agreement (Transmontaigne Inc)

Continuing Security Interest; Assignment. This Upon entry of the Interim Borrowing Order, this Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, Grantors and their respective successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Agent Lender and the other Secured Credit Parties and each of their permitted respective successors, transferees and permitted assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party may assign or otherwise transfer any indebtedness held by it secured by this Security Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (B. Riley Financial, Inc.)

Continuing Security Interest; Assignment. This Upon entry of the Borrowing Order, this Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, Grantors and their respective successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Agent Lender and the other Secured Credit Parties and each of their permitted respective successors, transferees and permitted assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Credit Party may assign or otherwise transfer any indebtedness held by it secured by this Security Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (Wet Seal Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Collateral Trustee hereunder, to the benefit of the Administrative Agent Collateral Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Pledge and Security Agreement (Builders FirstSource, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the Pledgors, their respective successors and assigns and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Credit Agreement (Magnachip Semiconductor LLC)

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Continuing Security Interest; Assignment. This ---------------------------- Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (Raceland Truck Plaza & Casino LLC)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (except for Permitted Liens. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (BioScrip, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Collateral Trustee hereunder, to the benefit of the Administrative Agent Collateral Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Builders FirstSource, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, in each case, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: www.puc.pa.gov

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgorseach Pledgor, their respective its successors and assigns assigns, and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons Person (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness Note held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: United States Securities Pledge and Security Agreement (Seven Seas Steamship Co Nv)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Second Lien Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (PGT, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective successors and permitted respective successors, transferees and assignspermitted assignees pursuant to Section 10.04 of the Credit Agreement. No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging (including the restrictions on transfer contained in Section 10.04 of the Credit Agreement).

Appears in 1 contract

Samples: Security Agreement (Internap Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantors, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Credit Parties and each of their permitted (as set forth in the Credit Agreement) respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Credit Party may assign make assignment or otherwise transfer any indebtedness held by it secured by this Security Agreement to any other PersonPerson in accordance with Section 10.06 of the Credit Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Credit Party, herein or otherwise, subject subject, however, to the provisions Section 10.06 of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (Foot Locker, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Control Agreement (BRP (Luxembourg) 4 S.a.r.l.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, Pledgors and their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their respective permitted respective successors, transferees and assignsassigns under the Credit Agreement. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (International Coal Group, Inc.)

Continuing Security Interest; Assignment. Section 13.01. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective each Debtor and its successors and permitted assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Secured Party hereunder, to the benefit of the Administrative Agent and the other Secured Parties Party and each of their permitted its respective successors, permitted transferees and permitted assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgorthe Debtors) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any the Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person so long as such assignment or transfer is consistent with the provisions of the Loan Agreement, the Factoring Agreement or any of the Facility Documents shall thereupon become vested with all the benefits in respect thereof granted to such the Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Loan Agreement.

Appears in 1 contract

Samples: Second Amended and Restated Security Agreement (Everlast Worldwide Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (GOOD TECHNOLOGY Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Notes Secured Parties and each of their permitted respective successors, permitted transferees and permitted assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Notes Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Notes Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (KCG Holdings, Inc.)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Securities Collateral and shall (ai) be binding upon the PledgorsPledgor, their its respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement Indenture and any Lender Hedging the Stockholders Agreement.

Appears in 1 contract

Samples: Securities Pledge Agreement (Middle American Tissue Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementConvertible Notes.

Appears in 1 contract

Samples: Security Agreement (WorldSpace, Inc)

Continuing Security Interest; Assignment. This Related Real Estate Collateral Security Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) be binding upon the PledgorsGrantors, their respective successors and assigns assigns, and (b) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons (including, without limitation, any other creditor of any PledgorGrantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (b), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Related Real Estate Collateral Security Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement and any Lender Hedging Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Supervalu Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the PledgorsPledgor, their respective its successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Trustee hereunder, to the benefit of the Administrative Agent Trustee and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No ; no other Persons (including, without limitation, any other creditor credi- tor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Securities Pledge Agreement (Coaxial LLC)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent Collateral Agents hereunder, to the benefit of the Administrative Agent Collateral Agents and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender and, in the case of a Secured Party that is a party to a Hedging Agreement, such Hedging Agreement.

Appears in 1 contract

Samples: Security Agreement (LNT Leasing II, LLC)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (Layne Christensen Co)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (Granite Broadcasting Corp)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Secured Parties and each of their permitted respective successors, transferees and assigns. No other Persons persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging and, in the case of a Secured Party that is a party to a Specified Swap Agreement or Operating Indebtedness Agreement, such Specified Swap Agreement or Operating Indebtedness Agreement.

Appears in 1 contract

Samples: Security Agreement (Davita Inc)

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) be binding upon the Pledgors, their respective successors and assigns and (bii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Secured Parties Party hereunder and each of their permitted respective its successors, transferees and assignsassignees (including permitted assignees pursuant to Section 9.3 of the Loan Agreement). No other Persons (including, without limitation, including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (bii), any the Secured Party may assign or otherwise transfer any indebtedness obligations held by it secured by this Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such the Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement and any Lender Hedging Loan Agreement.

Appears in 1 contract

Samples: Security Agreement (Impac Mortgage Holdings Inc)

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