Common use of Continuing Security Interest; Further Actions Clause in Contracts

Continuing Security Interest; Further Actions. This Second Amended and Restated Loan Agreement and Note shall create a continuing first priority lien and security interest in the MRI Minority Shares and shall (a) subject to Section 2(f) and Section 3, remain in full force and effect until payment and performance in full of the obligations of the Borrower hereunder, (b) be binding upon the Borrower, its successors and assigns, and (c) inure to the benefit of the Lender and its successors, transferees and assigns; provided that the Borrower may not assign or otherwise transfer any of its rights or obligations under this Second Amended and Restated Loan Agreement and Note without the prior written consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Montauk Renewables, Inc.)

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Continuing Security Interest; Further Actions. This Second Amended and Restated Loan Agreement and Note shall create a continuing first priority lien and security interest in the MRI Minority Shares and shall (a) subject to Section 2(f) and Section 3, remain in full force and effect until payment and performance in full of the obligations of the Borrower hereunder, (b) be binding upon the Borrower, its successors and assigns, and (c) inure to the benefit of the Lender and its successors, transferees and assigns; provided that the Borrower may not assign or otherwise transfer any of its rights or obligations under this Second Amended and Restated Loan Agreement and Note without the prior written consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Montauk Renewables, Inc.)

Continuing Security Interest; Further Actions. This Second Fourth Amended and Restated Loan Agreement and Note shall create a continuing first priority lien and security interest in the MRI Minority Shares and shall (a) subject to Section 2(f) and Section 3, remain in full force and effect until payment and performance in full of the obligations of the Borrower hereunder, (b) be binding upon the Borrower, its successors and assigns, and (c) inure to the benefit of the Lender and its successors, transferees and assigns; provided that the Borrower may not assign or otherwise transfer any of its rights or obligations under this Second Fourth Amended and Restated Loan Agreement and Note without the prior written consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Montauk Renewables, Inc.)

Continuing Security Interest; Further Actions. This Second Amended and Restated Loan Agreement and Note shall create a continuing first priority lien and security interest in the MRI Minority Shares and shall (a) subject to Section 2(f) and Section 3, remain in full force and effect until payment and performance in full of the obligations of the Borrower hereunder, (b) be binding upon the Borrower, its successors and assigns, and (c) inure to the benefit of the Lender and its successors, transferees and assigns; provided that the Borrower may not assign or otherwise transfer any of its rights or obligations under this Second Amended and Restated Loan Agreement and Note without the prior written consent of the Lender.

Appears in 1 contract

Samples: Form of Loan Agreement and Secured Promissory Note (Montauk Renewables, Inc.)

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Continuing Security Interest; Further Actions. This Second Third Amended and Restated Loan Agreement and Note shall create a continuing first priority lien and security interest in the MRI Minority Shares and shall (a) subject to Section 2(f) and Section 3, remain in full force and effect until payment and performance in full of the obligations of the Borrower hereunder, (b) be binding upon the Borrower, its successors and assigns, and (c) inure to the benefit of the Lender and its successors, transferees and assigns; provided that the Borrower may not assign or otherwise transfer any of its rights or obligations under this Second Third Amended and Restated Loan Agreement and Note without the prior written consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Montauk Renewables, Inc.)

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