Common use of Continuing Security Interest; Transfer of Notes Clause in Contracts

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Grantor.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until the payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate Obligations and all rights the fees and expenses owing to the Collateral shall revert Agent, (ii) be binding upon the Company, its successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the Grantorbenefit of the Collateral Agent, the Holders and their respective successors, transferees and assigns.

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall shall (a) remain in full force and effect until the indefeasible payment in full in cash of all Secured Obligations Obligations, and (on terms b) be binding upon each Grantor, its successors, transferees and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Grantorassigns.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate and all rights to the Collateral shall revert to the GrantorGrantors.

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative AgentA) and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Grantor.REMAIN IN FULL FORCE AND EFFECT UNTIL THE PAYMENT IN FULL OF ALL SECURED OBLIGATIONS AND THE TERMINATION OF THE COMMITMENTS AND ANY OTHER COMMITMENTS OF LENDERS TO OR FOR THE BENEFIT OF GRANTOR;

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall shall: (a) remain in full force and effect until payment in full in cash the Current Assets Termination Date; (b) be binding upon each Grantor, its successors, transferees and assigns; and (c) inure, together with the rights and remedies of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory the Administrative Agent hereunder, to the benefit of the Administrative Agent) Agent and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Grantoreach other Current Assets Secured Party.

Continuing Security Interest; Transfer of Notes. This Security Agreement shall create a continuing security interest in the Collateral and shall shall (a) remain in full force and effect until payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to Obligations, the Administrative Agent) and termination or expiration of all Letters of Credit, the irrevocable termination of all Rate Protection Agreements and the termination of all Commitments, (b) be binding upon each Grantor, at which time its successors, transferees and assigns, and (c) inure, together with the security interest granted herein shall terminate rights and all rights remedies of the Administrative Agent hereunder, to the Collateral shall revert to benefit of the Grantor.Administrative Agent and each other

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall shall (a) remain in full force and effect until payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and the irrevocable termination of all the Commitments, at which time the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Grantor.Revolving Loan Commitment,

Continuing Security Interest; Transfer of Notes. This Agreement shall create creates a continuing security interest in the Collateral and shall remain in full force and effect until payment in full in cash of all Secured Obligations (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and the irrevocable termination of all the CommitmentsObligations to the Bank. Upon the payment in full of the Obligations and termination of the Commitment, at which time the security interest Lien granted herein hereby shall terminate and all rights to the Collateral shall revert to the GrantorParent or the Borrower, as applicable. Upon any such termination, the Bank will, at the Obligors' expense, execute and deliver such documents as may be reasonable to evidence such termination.