Common use of Continuing Security Interest Clause in Contracts

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

Appears in 6 contracts

Samples: Pledge Agreement (Serena Software Inc), Pledge Agreement (Mgi Pharma Inc), Pledge Agreement (Mindspeed Technologies, Inc)

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Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and shall: (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the all Secured Obligations, (b) be binding upon the PledgorGrantor and its successors, its successors transferees, and assigns assigns, and (c) inure, together with the rights and remedies benefits of the Trustee Collateral Agent hereunder, to the benefit of the Trustee and the Holders each of the Notes and their respective successors, transferees and assignsSecured Parties.

Appears in 3 contracts

Samples: Guaranty and Subordination Agreement (Conseco Inc), Collateral Pledge Agreement (Conseco Inc), Guaranty and Subordination Agreement (Conseco Inc)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligationsterminated pursuant to Section 13(b), (bii) be binding upon the PledgorPledgor and its heirs, its successors and assigns assigns, and (ciii) inure, together with the rights and remedies of the Trustee Secured Party hereunder, to the benefit of the Trustee and the Holders of the Notes and their respective Secured Party, its successors, transferees and assigns.

Appears in 3 contracts

Samples: Pledge Agreement (Axys Pharmaceuticals Inc), Pledge Agreement (Jazz Semiconductor Inc), Pledge Agreement (Genencor International Inc)

Continuing Security Interest. This Pledge Agreement shall (i) create a continuing security interest in the Pledged Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, shall remain in full force and effect until the payment in full in cash of the Secured ObligationsNotes, (bii) be binding upon the Pledgor, its successors and assigns assigns, and (ciii) inure, together with the rights and remedies of the Trustee Pledgee hereunder, to the benefit of the Trustee and the Holders of the Notes Pledgee and their respective successorsexecutors, transferees heirs and permitted assigns.. g.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Phoenix Group Corp), Stock Pledge Agreement (Phoenix Group Corp), Stock Pledge Agreement (Phoenix Group Corp)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, shall remain in full force and effect until the payment Secured Obligations shall have been satisfied in full in cash of the Secured Obligationsfull, (b) be binding upon the Pledgor, its successors and assigns and (c) inure, together with the rights and remedies of the Trustee Pledgee hereunder, to the benefit of the Trustee Pledgee, and its respective successors, transferees and assigns and for the equal and ratable benefit of the Holders of the Notes and their respective successors, transferees and assignsfrom time to time.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Intcomex Holdings, LLC), Stock Pledge Agreement (Intcomex, Inc.)

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

Appears in 2 contracts

Samples: Pledge Agreement (Durango Corp), Pledge Agreement (Durango Corp)

Continuing Security Interest. ASSIGNMENTS UNDER THE CREDIT AGREEMENT. This Pledge Agreement shall create a continuing security interest in the Collateral and and, unless released as contemplated by Section 9(b), shall (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash termination of the Secured Obligations, (b) be binding upon the Pledgor, its successors and assigns and (c) inure, together with the rights and remedies of the Trustee hereunder, to the benefit of the Trustee and the Holders of the Notes and their respective successors, transferees and assigns.and

Appears in 2 contracts

Samples: Pledge Agreement (American Country Holdings Inc), Pledge Agreement (American Country Holdings Inc)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash favor of the Secured Obligations, (b) Pledgee and shall be binding upon the Pledgor, its successors the Securities Intermediary and assigns and (c) inure, together with the rights and remedies of the Trustee hereunderPledgee, to the benefit of the Trustee Pledgee and its successors and permitted assigns; provided, however, the Holders Pledgor may not assign its rights or delegate its duties hereunder without the prior written consent of the Notes and their respective successors, transferees and assignsrequisite lenders under the Credit Agreement.

Appears in 2 contracts

Samples: Cash Collateral Agreement (SPX Corp), Cash Collateral Agreement (SPX Corp)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and shall (ai) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment and performance in full in cash of the Secured Obligations, Obligations and termination by the parties; (bii) be binding upon Pledgor and (iii) inure to the Pledgorbenefit of, and be enforceable by, Secured Party and its successors and assigns and (c) inure, together with the rights and remedies of the Trustee hereunder, to the benefit of the Trustee and the Holders of the Notes and their respective successors, permitted transferees and assigns.

Appears in 2 contracts

Samples: Pledge Agreement (Liberty Global PLC), Pledge Agreement (Discovery Communications, Inc.)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash all of the Secured ObligationsPledged Collateral has been released from the pledge and lock-up provisions pursuant to Section 7 of this Agreement, (b) be binding upon the each Pledgor, and his or its successors and assigns assigns, and (c) inure, together with the rights and remedies of the Trustee hereunder, inure to the benefit of the Trustee Buyer and the Holders of the Notes and their respective successors, transferees its successors and assigns.

Appears in 1 contract

Samples: Employee Agreement (Renaissance Solutions Inc)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the indefeasible payment in full in cash of the Secured Obligations, and (bii) be binding upon the PledgorDebtor, its successors and assigns and (c) inure, together with assigns. Upon the rights and remedies payment in full of the Trustee hereunderSecured Obligations, Debtor shall be entitled to the benefit return of such of Pledged Collateral as shall not have been previously returned, sold or otherwise applied pursuant to the Trustee and the Holders of the Notes and their respective successors, transferees and assignsterms hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Hallwood Group Inc)

Continuing Security Interest. This Pledge Agreement shall (i) create a continuing security interest in the Pledged Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, shall remain in full force and effect until the payment in full in cash of the Secured ObligationsIndebtedness, (bii) be binding upon the Pledgor, Pledgor and its successors and assigns assigns, and (ciii) inure, together with the rights and remedies of the Trustee Pledgee hereunder, to the benefit of the Trustee Pledgee and the Holders of the Notes and their respective its successors, transferees transferees, and assigns.

Appears in 1 contract

Samples: Pledge Agreement

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and shall (ai) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment and performance in full in cash of the Secured Obligations, ; (bii) be binding upon the Pledgor, its successors Secured Party, and their respective successors, transferees and assigns and (ciii) inure, together with the rights and remedies of the Trustee hereunder, inure to the benefit of the Trustee of, and the Holders of the Notes be enforceable by, Pledgor, Secured Party and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (General Electric Co)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligations, (b) be binding upon the Pledgor, its successors and assigns and (c) inure, together with the rights and remedies of the Trustee hereunder, to the benefit of the Trustee and the Holders Holder of the Notes Xerox Funding Debentures and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Xerox Corp)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment terminated in full in cash of the Secured Obligations, accordance with Section 18 hereof; (b) be binding upon the PledgorPledgor and its successors, its successors transferees and assigns assigns; and (c) inure, together with the rights and remedies of the Trustee hereunder, to the benefit of the Trustee and the Holders of the Notes and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Ligand Pharmaceuticals Inc)

Continuing Security Interest. This Pledge Agreement shall (i) create a continuing security interest in the Pledged Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, shall remain in full force and effect until the payment in full in cash of the Secured ObligationsNotes, (bii) be binding upon the Pledgor, its successors and assigns assigns, and (ciii) inure, together with the rights and remedies of the Trustee Pledgee hereunder, to the benefit of the Trustee and the Holders of the Notes Pledgee and their respective successorsexecutors, transferees heirs and permitted assigns.. SECTION 11.7

Appears in 1 contract

Samples: Stock Pledge Agreement (Phoenix Group Corp)

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Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligations, (b) be binding upon the Pledgor, its successors and assigns and (c) inure, together with the rights and remedies of the Trustee hereunder, to the benefit of the Trustee and the Holders of the Notes Solectron Debentures and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Solectron Corp)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment terminated in full in cash of the Secured Obligationsaccordance with Section 18 hereof, (b) be binding upon the Pledgor, its successors and assigns and (c) inure, together with the rights and remedies of the Trustee Collateral Agent hereunder, to the benefit of the Trustee and the Holders of the Notes Securities and their respective successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Scios Inc)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and (ai) shall, unless otherwise provided in this Pledge Agreement, shall remain in full force and effect until payment of the payment Indebtedness in full in cash of the Secured Obligationscash, (bii) shall be binding upon the Pledgor, its successors and assigns assigns, and (ciii) inure, together with the rights and remedies of the Trustee hereunder, shall inure to the benefit of the Trustee and the Holders of the Notes and their respective successors, transferees and assignsPledgee.

Appears in 1 contract

Samples: Securities Pledge Agreement (Keystone Consolidated Industries Inc)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral and shall: (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligations, (b) be binding upon the PledgorPledgors and their respective heirs, its successors and executors, administrators, successors, assigns and other legal representatives, and (cb) inure, together with inure to the rights and remedies of the Trustee hereunder, to Agent (for the benefit of the Trustee itself and the Holders of the Notes Beneficial Lenders and their respective successors, transferees, participants and assigns) and its successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge and Security Agreement (General Finance CORP)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Collateral Pledged Stock and shall (ai) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligations, ; (bii) be binding upon the each Pledgor, its and the heirs, successors and assigns of each as applicable; and (ciii) inure, together with the rights and remedies of the Trustee hereunder, inure to the benefit of the Trustee Pledgee and the Holders of the Notes and their respective its successors, transferees and assigns.

Appears in 1 contract

Samples: Stock Pledge Agreement (Gigabeam Corp)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash expiration of the Secured ObligationsObligations or the payment of $1,260,000 of the Obligations arising under the Agreement and this Pledge Agreement, (b) be binding upon the Pledgor, its heirs, successors and assigns assigns, and (c) inure, together with the rights and remedies of the Trustee hereunder, inure to the benefit of the Trustee Secured Party and the Holders of the Notes and their respective its successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Processa Pharmaceuticals, Inc.)

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall (ai) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligations, Liabilities; (bii) be binding upon the Pledgor, Pledgor and its successors and assigns assigns; and (ciii) inure, together with the rights and remedies of the Trustee hereunder, inure to the benefit of the Trustee Pledgee and the Holders of the Notes and their respective its successors, transferees and assigns.

Appears in 1 contract

Samples: Stock Pledge Agreement (Infotech Usa Inc)

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

Appears in 1 contract

Samples: Pledge Agreement (Viewpoint Corp/Ny/)

Continuing Security Interest. This Pledge Agreement (a) shall create a continuing security interest in the Collateral and Collateral, (ab) shall, unless otherwise provided in this Pledge Agreement, remain in full force and effect until the payment in full in cash of the Secured Obligations, (bc) be binding upon the Pledgor, Pledgor and its successors and assigns (provided that any assignment by the Pledgor must be made with the prior written consent of the Bank), and (cd) inure, together with the rights and remedies of the Trustee hereunder, inure to the benefit of the Trustee Bank and the Holders of the Notes and their respective its successors, transferees and assigns.

Appears in 1 contract

Samples: Pledge Agreement (Amyris Biotechnologies Inc)

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