Common use of Extent and Duration of Security Interest Clause in Contracts

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 5 contracts

Sources: Revolving Credit Agreement (Right Start Inc /Ca), Loan and Security Agreement (White House Inc/Md), Loan Agreement (Crown Books Corp)

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower Borrowers to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 4 contracts

Sources: Loan and Security Agreement (Iparty Corp), Loan and Security Agreement (Paper Warehouse Inc), Loan and Security Agreement (Right Start Inc /Ca)

Extent and Duration of Security Interest. This The within grant of a ---------------------------------------- security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 3 contracts

Sources: Loan and Security Agreement (Seachange International Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities Liabilities, until all Liabilities have been paid and/or satisfied in full the End Date and the security interest granted herein is specifically terminated specific termination in writing by a duly authorized officer of the LenderAgent (which the Agent agrees to do on the End Date) of the security interest granted herein.

Appears in 2 contracts

Sources: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower Debtor to the Lender Secured Party and shall continue in full force and effect applicable to all Liabilities Obligations until all Liabilities Obligations have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lenderfull.

Appears in 2 contracts

Sources: Security Agreement (Pet DRx CORP), Security Agreement (Pet DRx CORP)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 2 contracts

Sources: Loan and Security Agreement (MCK Communications Inc), Term Loan and Security Agreement (Sun Television & Appliances Inc)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the LenderAgent.

Appears in 2 contracts

Sources: Loan and Security Agreement (CSS Trade Names Inc), Revolving Credit Facility (Sun Television & Appliances Inc)

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower Borrowers to the Lender Lenders and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the LenderCollateral Agent .

Appears in 1 contract

Sources: Loan and Security Agreement (Homeplace of America Inc)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Harvey Electronics Inc)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the LenderLender .

Appears in 1 contract

Sources: Term Loan and Security Agreement (Factory Card Outlet Corp)

Extent and Duration of Security Interest. This The grant of a security interest herein is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the LenderAgent.

Appears in 1 contract

Sources: Loan and Security Agreement (Designs Inc)

Extent and Duration of Security Interest. This grant of a security ---------------------------------------- interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (National Home Centers Inc)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower Borrowers to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Dynagen Inc)

Extent and Duration of Security Interest. This grant of a security ---------------------------------------- interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender Lender, is applicable to all Liabilities, and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 1 contract

Sources: Senior Secured Loan and Security Agreement (Coolsavings Com Inc)

Extent and Duration of Security Interest. This The within grant of a ---------------------------------------- security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower Borrowers to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Video City Inc)

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender Agent and shall continue in full force and effect applicable to all Liabilities Liabilities, until all Liabilities have been paid and/or satisfied in full the End Date and the security interest granted herein is specifically terminated specific termination in writing by a duly authorized officer of the LenderAgent (which the Agent agrees to do on the End Date) of the security interest granted herein.

Appears in 1 contract

Sources: Secured Superpriority Debtor in Possession Loan, Security and Guaranty Agreement (Aeropostale Inc)

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender Lender, is applicable to all Liabilities, and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender.

Appears in 1 contract

Sources: Senior Secured Loan and Security Agreement (Coolsavings Com Inc)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the LenderAgent .

Appears in 1 contract

Sources: Loan and Security Agreement (Factory Card Outlet Corp)

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities Liabilities, until all Liabilities have been paid and/or satisfied in full (other than indemnities not then due and payable, which survive repayment of the Revolving Credit Loans and the security interest granted herein is specifically terminated in writing by a duly authorized officer L/Cs and termination of the Lender.-62-

Appears in 1 contract

Sources: Loan and Security Agreement (Aeropostale Inc)

Extent and Duration of Security Interest. This The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower Borrowers to the Lender Collateral Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been indefeasibly paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lenderfull.

Appears in 1 contract

Sources: Loan and Security Agreement (Dynamics Research Corp)