Common use of Continuing Security Interest; Assignments Under the Credit Agreement; Release Clause in Contracts

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorsees, transferees and assigns until all Secured Obligations (other than any contingent indemnity obligations not then due) shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit Issuer), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Obligations (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuers), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Credit Agreement Obligations (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized cash collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuers), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Credit Agreement Obligations (other than any contingent indemnity obligations not then due) shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized cash collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit Issuer), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit IssuerCollateralized), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Obligations under the Credit Documents (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit IssuerCollateralized), notwithstanding that from time to time during the term of the Credit Agreement and any Existing Secured Letter of Credit, Secured Cash Management Agreement, Agreement and Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured the Obligations (other than any contingent indemnity obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit outstanding shall have been fully Cash Collateralized Collateralized, otherwise collateralized with “back to back” letters of credit or otherwise back-stopped supported on terms satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerCollateral Agent), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Secured Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured the Obligations (other than any contingent indemnity obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding E-11 EAST\142256231.3 (or all such Letters of Credit outstanding shall have been fully Cash Collateralized Collateralized, otherwise collateralized with “back to back” letters of credit or otherwise back-stopped supported on terms satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerCollateral Agent), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Secured Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other First Lien Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Obligations (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuers), notwithstanding that from time to time during the term of the Credit Agreement Agreement, any Additional First Lien Agreements and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Agreement the Credit Parties may be free from any First Lien Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other First Lien Secured Parties and their respective successors, endorsees, transferees and assigns until all Secured Obligations (other than any contingent indemnity obligations not then due) shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit shall have been fully Cash Collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable Letter of Credit Issuer), notwithstanding that from time to time during the term of the Credit Agreement and Agreement, any Secured Cash Management Agreement, Secured Hedging Agreement or Agreement, Secured Commodity Hedging Agreement and any Additional First Lien Agreements the Credit Parties may be free from any First Lien Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns as­ signs thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all the Secured Obligations (other than any contingent indemnity obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit Outstanding shall have been fully Cash Collateralized Collateralized, otherwise collateralized with “back to back” letters of credit or otherwise back-stopped supported on terms satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerCollateral Agent), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Secured Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Administrative Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured the Obligations (other than any contingent indemnity obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such other than any Letters of Credit that shall have been fully Cash Collateralized cash collateralized or otherwise back-stopped provided for in a manner satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuer in respect thereof), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and permitted assigns until all Secured Obligations (other than any contingent indemnity under the Credit Documents and the obligations not then due) of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such other than any Letters of Credit that shall have been fully Cash Collateralized cash collateralized or otherwise back-stopped provided for in a manner satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuer in respect thereof), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Bank Product Agreement (including any Hedge Agreement, Secured Hedging Agreement or Secured Commodity Hedging Agreement ) the Credit Parties may be free from any Secured Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) A. This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured the Obligations (other than any contingent indemnity obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such Letters of Credit outstanding shall have been fully Cash Collateralized Collateralized, otherwise collateralized with “back to back” letters of credit or otherwise back-stopped supported on terms satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerCollateral Agent), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Secured Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Administrative Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Secured Obligations (other than any contingent indemnity under the Credit Documents and the obligations not then due) of each Grantor under this Security Agreement shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such other than any Letters of Credit that shall have been fully Cash Collateralized cash collateralized or otherwise back-stopped provided for in a manner satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuer in respect thereof), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Agreement, Secured Hedging Agreement or Secured Commodity Hedging Hedge Agreement the Credit Parties may be free from any Obligations.

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorseesindorsees, transferees and permitted assigns until all the Secured Obligations (other than any contingent indemnity obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all such other than any Letters of Credit that shall have been fully Cash Collateralized cash collateralized or otherwise back-stopped provided for in a manner satisfactory to the reasonable satisfaction of the applicable Letter of Credit IssuerIssuer in respect thereof), notwithstanding that from time to time during the term of the Credit Agreement and any Secured Cash Management Bank Product Agreement (including any Hedge Agreement, Secured Hedging Agreement or Secured Commodity Hedging Agreement ) the Credit Parties may be free from any Secured Obligations.