Common use of Continuing Security Interest; Assignment Clause in Contracts

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Collateral and shall (i) be binding upon the Pledgor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Lenders and each of their respective successors, permitted transferees and permitted assigns. No other Persons (including any other creditor of the Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 Lender, herein or otherwise, subject however, to the provisions of the Credit Agreement. The Pledgor agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender upon the bankruptcy or reorganization of the Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Collateral and shall (ia) be binding upon the Pledgor, its respective successors and assigns and (iib) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons (including any other creditor of the Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (iib), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 Lender, herein or otherwise, subject however, to the provisions of the Credit Agreement. The Pledgor agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Obligations is rescinded rescinded, avoided, declared to be fraudulent or preferential, or must otherwise be restored by the Administrative Agent or any Lender upon the insolvency, bankruptcy or reorganization of the Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons (including including, without limitation, any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), ) and subject to and in compliance with the provisions terms of the Credit Agreement, any Lender 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 Lender, herein or otherwise, subject however, to the provisions of the Credit Agreement and any applicable Interest Rate Protection Agreement. The Pledgor agrees that its obligations hereunder and , the security interest created hereunder shall continue to be effective Hedging Agreements or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender upon the bankruptcy or reorganization of the Pledgor or otherwiseCash Management Agreements.

Continuing Security Interest; Assignment. This Agreement Mortgage shall create a continuing Lien on and security interest in the Collateral Mortgaged Property and shall (i) be binding upon the PledgorMortgagor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Agent Mortgagee hereunder, to the benefit of the Administrative Agent Mortgagee and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons (including including, without limitation, any other creditor of the Pledgorany Loan Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any 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 Lender, herein or otherwise, subject however, to the provisions of the Credit Agreement and any applicable Hedging Agreement. The Pledgor Mortgagor agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral or Mortgaged Property and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (other than Permitted Liens). Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit AgreementIndenture. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and Foreign Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit applicable Secured Agreement. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until payment in full in cash of the Obligations (other than contingent obligations) and the Secured Obligations (other than contingent obligations) and the termination or expiration of the Term Loan Commitment, (ii) be binding upon the Pledgor, its respective successors and assigns and (iiiii) inure, together with the rights and remedies of the Administrative Agent Lender hereunder, to the benefit of the Administrative Agent Lender, and any successor Lender, for the other Lenders and each of their respective successors, permitted transferees and permitted assigns. No other Persons (including any other creditor benefit of the Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii)Secured Party, subject to and in compliance with the provisions terms of the Credit Loan Agreement. Subject to the terms of the Loan Agreement, any Lender may assign or otherwise transfer any indebtedness Loans, Term Loan Commitment or participations therein, or any rights in Collateral 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 Lender, the Lender herein or otherwise. Nothing set forth herein or in any other Loan Document is intended or shall be construed to give to any other party any right, subject howeverremedy or claim under, to the provisions or in respect of this Agreement or any other Loan Document or any Collateral. The Pledgor’s successors and assigns shall include, without limitation, a receiver, trustee or debtor-in-possession thereof or therefor, provided that, none of the Credit Agreement. The Pledgor agrees that its rights or obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender upon the bankruptcy or reorganization of the Pledgor hereunder may be assigned or otherwiseotherwise transferred.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto, except as otherwise provided in the Indenture or the Intercreditor Agreement. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit AgreementIndenture. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement Mortgage shall create a continuing Lien on and security interest in the Collateral Mortgaged Property and shall (i) be binding upon the PledgorMortgagor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Agent Mortgagee hereunder, to the benefit of the Administrative Agent and Mortgagee for the other Lenders benefit of the Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including including, without limitation, any other creditor of the Pledgorany Credit Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement Mortgage to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Lender, herein or otherwise, subject subject, however, to the provisions of the Credit Agreement. The Pledgor Mortgagor agrees that its obligations Table of Contents hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No Except as expressly set forth herein, no other Persons persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit AgreementIndenture. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns assigns, provided that, except as permitted by the Indenture and the Other Second-Priority Obligations Documents, no Pledgor shall have the right to assign its rights or delegate its obligations under this Agreement or any interest herein, without the prior written consent of the Collateral Agent and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit Indenture or the applicable Other Second-Priority Agreement. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (other than Permitted Liens). Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect heretohereto (other than Permitted Liens). Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement Assignment shall create a continuing security interest in in, and an assignment of the Collateral Assignor’s rights under, the Earnings and shall (i) be binding upon the PledgorAssignor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Agent Assignee hereunder, to the benefit of the Administrative Agent Assignee and the other Lenders and each of their respective its successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the PledgorAssignor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender Assignee may assign or otherwise transfer any indebtedness held by it secured by this Agreement Assignment to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Lenderthe Assignee, herein or otherwise, subject however, to the provisions of the Credit Agreement. The Pledgor Assignor agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Assignee upon the bankruptcy or reorganization of the Pledgor Assignor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing first priority security interest in the Collateral as and to the extent provided for herein and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons or entities (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson or entity, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit AgreementIndenture. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing second priority security interest in the Collateral as and to the extent provided for herein and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons or entities (including any other creditor of the any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other Personperson or entity, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit AgreementIndenture. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.

Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the PledgorPledgors, its their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Collateral Agent hereunder, to the benefit of the Administrative Collateral Agent and the other Lenders Secured Parties and each of their respective successors, permitted transferees and permitted assigns. No other Persons persons (including any other creditor of the Pledgorany Pledgor in its capacity as such) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to and in compliance with the provisions of the Credit Agreement, any Lender 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 LenderSecured Party, herein or otherwise, subject however, to the provisions of the Credit Agreementapplicable Secured Agreement and the Indenture. The Pledgor Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Administrative Agent or any Lender Secured Party upon the bankruptcy or reorganization of the any Pledgor or otherwise.