Common use of Continuing Security Interest; Termination Clause in Contracts

Continuing Security Interest; Termination. (a) This Escrow Agreement shall create a continuing security interest in and to the Collateral and shall, unless otherwise provided in this Escrow Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow Agreement shall be binding upon the Issuer, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Agent hereunder, to the benefit of the Escrow Agent, the Holders of the Preferred Securities and their respective successors, transferees and assigns.

Appears in 3 contracts

Samples: Escrow and Security Agreement (Cellnet Data Systems Inc), Escrow and Security Agreement (Cellnet Data Systems Inc), Escrow and Security Agreement (Cellnet Data Systems Inc)

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Continuing Security Interest; Termination. (a) This Escrow and Security Agreement shall create a continuing security interest in and to and Lien on the Collateral and shall, unless otherwise provided in the Indenture or in this Escrow and Security Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow and Security Agreement shall be binding upon the IssuerPledgor, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Collateral Agent hereunder, to the benefit of the Escrow Collateral Agent, the Holders of the Preferred Securities and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Discovery Zone Inc)

Continuing Security Interest; Termination. (ab) This Escrow and Security Agreement shall create a continuing security interest in and to the Collateral and shall, unless otherwise provided in the Indenture or in this Escrow and Security Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow and Security Agreement shall be binding upon the IssuerPledgor, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Agent hereunder, to the benefit of the Escrow Agent, the Trustee, Initial Purchasers, Holders of the Preferred Securities Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Eye Care Centers of America Inc)

Continuing Security Interest; Termination. (a) This Escrow Agreement shall create a continuing security interest in and to the Collateral and shall, unless otherwise provided in this Escrow Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow Agreement shall be binding upon the Issuer, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Agent Trustee hereunder, to the benefit of the Escrow AgentTrustee, the Holders of the Preferred Securities Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Kitty Hawk Inc)

Continuing Security Interest; Termination. (a) This Escrow and Security Agreement shall create a continuing security interest in and to the Collateral and shall, unless otherwise provided in the Indenture or in this Escrow and Security Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow and Security Agreement shall be binding upon the IssuerPledgor, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Agent Trustee hereunder, to the benefit of the Escrow AgentTrustee, the Holders of the Preferred Securities Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Dobson Communications Corp)

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Continuing Security Interest; Termination. (a) This Escrow Agreement shall create a continuing security interest in and to the Collateral and shall, unless otherwise provided in this Escrow Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow Agreement shall be binding upon the IssuerPledgor, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Agent Trustee hereunder, to the benefit of the Escrow AgentTrustee, the Holders of the Preferred Securities Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Dobson Wireline Co)

Continuing Security Interest; Termination. (a) This Escrow and Security Agreement shall create a continuing security interest in and to the Collateral and shall, unless otherwise provided in the Indenture or in this Escrow and Security Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow and Security Agreement shall be binding upon the IssuerPledgor, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Agent hereunder, to the benefit of the Escrow Agent, the Trustee, the Initial Purchasers, the Holders of the Preferred Securities Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Universal Health Services Inc)

Continuing Security Interest; Termination. (a) This Escrow and Security Agreement shall create a continuing security interest in and to and Lien on the Collateral and shall, unless otherwise provided in the Indenture or in this Escrow and Security Agreement, remain in full force and effect until the payment in full in cash of the Obligations. This Escrow and Security Agreement shall be binding upon the IssuerPledgor, its transferees, successors and assigns, and shall inure, together with the rights and remedies of the Escrow Security Agent hereunder, to the benefit of the Escrow AgentTrustee, the Holders of the Preferred Securities and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Escrow and Security Agreement (Discovery Zone Inc)

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