Common use of CONTINUING SECURITY INTEREST; TRANSFER OF LOANS Clause in Contracts

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon Pledgor, 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 Section 2.04 of the Subordinated Note Agreement, any Holder may assign or otherwise transfer any 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 and all rights to the Pledged Collateral shall revert to Pledgor. Upon any such termination Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination.

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the indefeasible payment in full of all the Secured Obligations, (b) be binding upon Pledgorthe Pledgors, its and their respective 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 Section 2.04 of the Subordinated Note Agreement, any Holder may assign or otherwise transfer any 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 indefeasible payment in full of all Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to Pledgorthe Pledgors. Upon any such termination Secured Party willshall, at Pledgor's the Pledgors’ expense, execute and deliver to Pledgor the Pledgors such documents as Pledgor the Pledgors shall reasonably request to evidence such terminationtermination and the Pledgors shall be entitled to the return, upon the request and at the expense of the Pledgors, against receipt and without recourse to Secured Party, of such of the Collateral as shall not have been otherwise applied pursuant to the terms hereof.

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all the Secured Obligations, (b) be binding upon PledgorPledgors, its their successors and assigns, and (c) inure, together with the rights and remedies of Secured Party and Depository hereunder, to the benefit of Secured Party Party, and its Depository and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), but subject to the provisions of Section 2.04 of the Subordinated Note Agreement, any Holder may assign or otherwise transfer any 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 and all rights to the Pledged Collateral shall revert to Pledgorthe applicable Pledgors without the necessity of further action or documentation. Upon any such termination Secured Party willshall, at Pledgor's Pledgors’ expense, execute and deliver to Pledgor Pledgors such documents as Pledgor Pledgors shall reasonably request to evidence such terminationtermination and Pledgors shall be entitled to close the Collateral Account and to the return, upon its request and at its expense, of such of the collateral as shall not have been otherwise applied pursuant to the terms hereof.

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all the Secured Obligations, (b) be binding upon PledgorPledgors, its their successors and assigns, and (c) inure, together with the rights and remedies of Secured Party and Depository hereunder, to the benefit of Secured Party and its Depository and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), but subject to the provisions of Section 2.04 of the Subordinated Note Agreement, any Holder may assign or otherwise transfer any 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 and all rights to the Pledged Collateral shall revert to Pledgorthe applicable Pledgors without the necessity of further action or documentation. Upon any such termination Secured Party willshall, at Pledgor's Pledgors’ expense, execute and deliver to Pledgor Pledgors such documents as Pledgor Pledgors shall reasonably request to evidence such terminationtermination and Pledgors shall be entitled to close the Collateral Account and to the return, upon its request and at its expense, of such of the collateral as shall not have been otherwise applied pursuant to the terms hereof.

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) Obligations and shall be binding upon Pledgoreach Grantor, its successors and assigns, and (c) inure, together with the rights and remedies of Secured Party the Collateral Trustee hereunder, to the benefit of Secured Party the Collateral Trustee and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c)foregoing, but subject to the provisions of Section 2.04 terms of the Subordinated Note AgreementParity Lien Documents, any Holder Secured Party may assign or otherwise transfer any Note Obligations 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 such 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 Pledged Collateral shall revert to PledgorGrantors. Upon any such termination Secured Party willthe Collateral Trustee shall, at Pledgor's Grantors' expense, execute and deliver to Pledgor Grantors such documents as Pledgor Grantors shall reasonably request to evidence such termination.

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon Pledgor, 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 assignsTermination Date. Without limiting the generality of the foregoing clause (c)foregoing, but subject to the provisions of Section 2.04 terms of the Subordinated Note AgreementCredit Agreement and any other Loan Document, any Holder Lender may assign or otherwise transfer any Note Loans 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 the Lenders herein or otherwise. Upon the payment in full of all Secured ObligationsTermination Date, the security interest granted hereby shall terminate hereunder and of record and all rights to the Pledged Collateral shall revert to the Pledgor. Upon any such termination Secured Party willtermination, or any release of Pledged Collateral pursuant to Section 4.1 above, the Lender shall, at the Pledgor's ’s expense, execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such terminationtermination and shall use commercially reasonable efforts to return to the Pledgor any Pledged Collateral previously delivered to the Lender.

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all the Secured Obligations, (b) be binding upon PledgorGrantor, 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 Section 2.04 subsection 2.06 of the Subordinated Note AgreementIndenture, any Holder may assign or otherwise transfer any Note 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 Pledged Collateral shall revert to PledgorGrantor. Upon any such termination Secured Party will, at PledgorGrantor's expense, execute and deliver to Pledgor Grantor such documents as Pledgor Grantor shall reasonably request to evidence such termination.