Continuing Interest. This Assignment shall create a continuing assignment of and security interest in the Assigned Collateral and shall (i) remain in full force and effect until the termination of the Total Commitment and the payment in full of the Secured Obligations (other than (x) contingent indemnification obligations and (y) obligations and liabilities in respect of Other Obligations as to which arrangements reasonably satisfactory to the applicable Other Creditor shall have been made) (the “Discharge of the Secured Obligations”), (ii) be binding upon the Assignor, its successors and assigns, and (iii) inure to the benefit of the Collateral Agent and its successors, transferees and assigns. Upon the Discharge of the Secured Obligations, the Assignor shall be entitled, to the return, upon its request and at its expense, of any of the Assigned Collateral as shall not have been applied pursuant to the terms hereof.
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Continuing Interest. This Assignment shall create a continuing assignment of and security interest Lien in the Assigned Collateral and shall (i) remain in full force and effect until the termination of the Total Commitment and the payment in full of the Secured Obligations (other than (x) contingent indemnification obligations and (y) obligations and liabilities in respect of Other Obligations as to which arrangements reasonably satisfactory to the applicable Other Creditor shall have been made) (the “Discharge of the Secured Obligations”), (ii) be binding upon the Assignor, Assignor and its successors and assigns, and (iii) inure to the benefit of the Collateral Agent and its successors, transferees and assigns. Upon the Discharge of the Secured Obligations, the Assignor shall be entitled, to the return, upon its request and at its expense, of any of the Assigned Collateral as shall not have been applied pursuant to the terms hereof.
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