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 Security Agreement and the other Security Documents shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until the Final Date. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, upon the Discharge of Obligations.

Appears in 5 contracts

Samples: Security Agreement (Clean Harbors Inc), Security Agreement (Clean Harbors Inc), Security Agreement (Clean Harbors Inc)

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Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement and the other Security Documents to which any Grantor is party shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Agent and the other Secured Parties and their respective successors, indorseesendorsees, transferees and assigns until the Final Date. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, upon the Discharge of Obligations.

Appears in 2 contracts

Samples: Security Agreement (Clean Harbors Inc), Security Agreement (Clean Harbors Inc)

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security and Pledge Agreement and the other Security Documents shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Agent Collateral Trustee and the other Secured Parties and their respective successors, indorsees, transferees and assigns until the Final Date. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, upon the Discharge of First Lien Obligations.

Appears in 1 contract

Samples: Security and Pledge Agreement (Intelsat S.A.)

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement and the other Security Documents shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor 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, indorsees, transferees and assigns until the Final Date. In addition, notwithstanding that from time to time during the security interests granted hereunder shall terminate term of the Credit Agreement and any Secured Hedge Agreement or Secured Cash Management Agreement the Credit Parties may be released, in whole or in part, upon the Discharge of free from any Obligations.

Appears in 1 contract

Samples: Management Shareholder Agreement (Railamerica Inc /De)

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Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement and the other Security Documents shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof thereof, and shall inure to the benefit of the Administrative Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until the Final Date. In additionPayment in Full, notwithstanding that from time to time prior to Payment in Full, the security interests granted hereunder shall terminate and Grantors may be released, in whole or in part, upon the Discharge of free from any Obligations.

Appears in 1 contract

Samples: Collateral Agreement (Roan Resources, Inc.)

Continuing Security Interest; Assignments Under the Credit Agreement; Release. (a) This Security Agreement and the other Security Collateral Documents shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Administrative Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until the Final Date. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, upon the Discharge of Obligations.

Appears in 1 contract

Samples: Security Agreement (Clean Harbors Inc)

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