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

Continuing Security Interest; Assignments Under the Indenture; Release. (a) This 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 Second Lien Secured Parties and their respective successors, endorsees, transferees and assigns until all Second Lien Obligations (other than any contingent indemnity obligations not then due) shall have been satisfied by payment in full.

Continuing Security Interest; Assignments Under the Indenture; 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 Pledgor Grantor and the successors and assigns thereof, thereof and shall inure to the benefit of the Collateral Agent and the other Second Lien Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Second Lien Obligations (other than any contingent indemnity obligations not then due) shall have been satisfied by payment in full.

Continuing Security Interest; Assignments Under the Indenture; Release. (a) This 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 Second Lien Secured Parties and their respective successors, endorseesindorsees, transferees and assigns until all Second Lien Obligations (other than any contingent indemnity obligations not then due) and the obligations of each Grantor under this Agreement shall have been satisfied by payment in full.