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 (a) remain in full force and effect until the payment in full of the Secured Obligations, (b) be binding upon each Grantor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), but subject to the provisions of subsection 2.06 of the Indenture, any Holder may assign or otherwise transfer any Notes held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders herein or otherwise. Upon the payment in full of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to Grantors. Upon any such termination Secured Party will, at Grantors' expense, execute and deliver to Grantors such documents as Grantors shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the payment in full of the all Secured Obligations, (b) be binding upon each GrantorDebtor, its successors and assignsassigns (except to the extent otherwise provided in the Indenture), and (c) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, but subject to the provisions of subsection 2.06 terms of the Indenture, any Holder may assign or otherwise transfer any Notes Note held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders herein or otherwise. Upon the payment in full of all Secured Obligations, the security interest granted hereby shall terminate hereunder and of record and all rights to the Collateral granted hereunder shall revert to GrantorsDebtors. Upon any such termination the Secured Party willshall, at GrantorsDebtors' expense, execute and deliver to Grantors Debtors such documents as Grantors Debtors shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the payment in full of the all Secured Obligations, (b) be binding upon each GrantorDebtor, its successors and assignsassigns (except to the extent otherwise provided in the Indenture), and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, but subject to the provisions of subsection 2.06 terms of the Indenture, any Holder may assign or otherwise transfer any Notes Note held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders herein or otherwise. Upon the payment in full of all Secured Obligations, the security interest granted hereby shall terminate hereunder and of record and all rights to the Collateral granted hereunder shall revert to GrantorsDebtors. Upon any such termination Secured Party willshall, at GrantorsDebtors' expenseexpense and upon documents provided by it, execute and deliver to Grantors Debtors such documents as Grantors Debtors shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the payment in full of the all Secured Obligations, (b) be binding upon each GrantorDebtor, its successors and assignsassigns (except to the extent otherwise provided in the Indenture), and (c) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, but subject to the provisions of subsection 2.06 terms of the Indenture, any Holder may assign or otherwise transfer any Notes Note held by it to any other PersonPerson to the extent permitted under the Indenture, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders herein or otherwisethe Holders. Upon the payment in full of all Secured Obligations, the security interest granted hereby shall terminate hereunder and all rights to the Collateral granted hereunder shall revert to GrantorsDebtors. Upon any such termination the Secured Party willshall, at Grantors' Debtors’ expense, execute and deliver to Grantors Debtors such documents as Grantors Debtors shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the payment in full of the all Secured Obligations, (b) be binding upon each Grantor, its successors and assigns, and (c) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and its successors, transferees and assigns, for the benefit and on behalf of the Holders. Without limiting the generality of the foregoing clause (c), but subject to the provisions of subsection 2.06 of the Indentureforegoing, any Holder Secured Party may assign or otherwise transfer any Notes Secured Obligations held by it to any other PersonPerson subject to and in compliance with the terms of the Indenture, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders the Secured Party herein or otherwise. Upon the payment in full of all Secured Obligations, the security interest granted hereby shall terminate hereunder and of record and all rights to the Collateral shall revert to Grantors. Upon any such termination the Secured Party willshall, at Grantors' expense, execute and deliver to Grantors such documents as Grantors shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the payment in full of the all Secured Obligations, (b) be binding upon each GrantorDebtor, its successors and assignsassigns (except to the extent otherwise provided in the Indenture), and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, but subject to the provisions of subsection 2.06 terms of the Indenture, any Holder may assign or otherwise transfer any Notes Note held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders herein or otherwise. Upon the payment in full of all Secured Obligations, the security interest granted hereby shall terminate hereunder and of record and all rights to the Collateral granted hereunder shall revert to GrantorsDebtors. Upon any such termination Secured Party willshall, at GrantorsDebtors' expense, execute and deliver to Grantors Debtors such documents as Grantors Debtors shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This ----------------------------------------------- Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the indefeasible payment in full of the Secured Obligations, (b) be binding upon each Grantor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), but subject to the provisions of subsection 2.06 of the Indenture, ) any Holder may assign or otherwise transfer any Notes held by it to any other PersonPerson in accordance with the Note Purchase Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders Secured Party herein or otherwise. Upon the indefeasible payment in full of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to GrantorsGrantor. Upon any such termination Secured Party will, at Grantors' Grantor's expense, execute and deliver to Grantors Grantor such documents as Grantors Grantor shall reasonably request to evidence such termination.

Continuing Security Interest; Transfer of Notes. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the indefeasible payment in full of the Secured Obligations, (b) be binding upon each Grantor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause CLAUSE (c), but subject to the provisions of subsection 2.06 of the Indenture, any Holder may assign or otherwise transfer any Notes held by it to any other PersonPerson in accordance with the Note Purchase Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Holders Secured Party herein or otherwise. Upon the indefeasible payment in full of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to GrantorsGrantor. Upon any such termination Secured Party will, at Grantors' Grantor's expense, execute and deliver to Grantors Grantor such documents as Grantors Grantor shall reasonably request to evidence such termination.