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. (a) This Security Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until payment in full in cash of all Secured Obligations Obligations, or until earlier terminated in accordance with the terms hereof and (on terms and pursuant to documentation in form and substance reasonably satisfactory to ii) be binding upon the Administrative Agent) Debtor, and the irrevocable termination of all the CommitmentsSubsidiary, at which time the security interest granted herein shall terminate their respective successors, transferees and all rights to the Collateral shall revert to the Grantorassigns.

Continuing Security Interest; Transfer of Notes. (a) This Security Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until payment in full in cash of all Secured Obligations Obligations, or until earlier terminated in accordance with the terms hereof and (on terms and pursuant to documentation in form and substance reasonably satisfactory to ii) be binding upon the Administrative Agent) Debtor, and the irrevocable termination of all the CommitmentsSubsidiaries, at which time the security interest granted herein shall terminate their respective successors, transferees and all rights to the Collateral shall revert to the Grantorassigns.

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.

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;