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

Continuing Security Interest; Assignments Under the Indenture; 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 Notes Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and permitted assigns until all the Secured Obligations under the Note Documents shall have been satisfied by payment in full. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, as to Note Obligations under the Indenture, as provided in the Indenture (including Sections 10.06, 12.03 and 12.09 thereof). (b) In connection with any termination or release pursuant to the foregoing paragraph (a), the Notes Collateral Agent shall execute and deliver to any Pledgor, at such Pledgor’s expense, all documents that such Pledgor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 14 shall be without recourse to or warranty by the Notes Collateral Agent.

Continuing Security Interest; Assignments Under the Indenture; 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 Notes Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and permitted assigns until all the Secured Obligations and the obligations of each Grantor under the Note Documents this Security Agreement shall have been satisfied by payment in full. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, as to Note Obligations under the Indenture, as provided in the Indenture (including Sections 10.06, 12.03 and 12.09 thereof). (b) In connection with any termination or release pursuant to the foregoing paragraph (a), the Notes Collateral Agent shall execute and deliver to any PledgorGrantor, at such PledgorGrantor’s expense, all documents that such Pledgor Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 14 subsection 6.5 shall be without recourse to or warranty by the Notes Collateral Agent.

Continuing Security Interest; Assignments Under the Indenture; Release. (a) This Pledge 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 Notes Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and permitted assigns until all the Secured Obligations under the Note Documents shall have been satisfied by payment in fullFinal Date. In addition, the security interests granted hereunder shall terminate and be released, in whole or in part, (i) as to Note Obligations under the Indenture, as provided in the Indenture and (including Sections 10.06ii) as to the Other Pari Passu Lien Obligations under any Other Pari Passu Lien Agreement, 12.03 and 12.09 thereof)as provided in such Other Pari Passu Lien Agreement. (b) In connection with any termination or release pursuant to the foregoing paragraph (a), the Notes Collateral Agent shall execute and deliver to any PledgorGrantor, at such PledgorGrantor’s expense, all documents that such Pledgor Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 14 subsection 6.5 shall be without recourse to or warranty by the Notes Collateral Agent.