Common use of Continuing Obligation of Borrower Clause in Contracts

Continuing Obligation of Borrower. The terms, conditions, and covenants set forth herein and in the CREDIT DOCUMENTS shall survive CLOSING and shall constitute a continuing obligation of the BORROWER during the course of the transactions contemplated herein. The LIENS and other security provided by this AGREEMENT shall remain in effect so long as any OBLIGATION, whether direct or contingent, is outstanding, unpaid, or unsatisfied or is being challenged or contested. At such time as the OBLIGATIONS have been paid, performed and satisfied in full and no INTEREST RATE HEDGE or LETTER OF CREDIT remains in effect and provided that no challenge or contest to such payment and performance or attempt to avoid or set aside any payment upon the OBLIGATIONS is pending, the ADMINISTRATIVE AGENT shall provide, at the BORROWER’S expense, documentation sufficient to release all LIENS of the ADMINISTRATIVE AGENT in the COLLATERAL; and provided, that without limitation, the foregoing provisions of this Section shall be subject to Section 2.12 hereof.