Common use of Continuing Security Interest; Assignments under the Credit Agreement Clause in Contracts

Continuing Security Interest; Assignments under the Credit Agreement. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations and (ii) the satisfaction and discharge of the Indenture, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns.

Appears in 1 contract

Sources: Second Lien Security Agreement (Verrazano,inc.)

Continuing Security Interest; Assignments under the Credit Agreement. This Security Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations and (ii) the satisfaction and discharge cancellation or termination of the IndentureCommitments, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees successors and assignsassigns permitted by the Credit Agreement.

Appears in 1 contract

Sources: Security Agreement (Cig Wireless Corp.)

Continuing Security Interest; Assignments under the Credit Agreement. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations and (ii) the satisfaction and discharge of the IndentureTermination Date, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Collateral Agent Secured Party hereunder, to the benefit of the Secured Parties and their its respective successors, transferees and assigns.

Appears in 1 contract

Sources: Security Agreement (Medplus Inc /Oh/)

Continuing Security Interest; Assignments under the Credit Agreement. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations and (ii) the satisfaction and discharge of the Indenture, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns.shall

Appears in 1 contract

Sources: Credit Agreement (Massic Tool Mold & Die Inc)

Continuing Security Interest; Assignments under the Credit Agreement. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest later of (i) the indefeasible payment in full in cash of the Secured Obligations and (ii) the satisfaction and discharge of the Indenture, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns.of

Appears in 1 contract

Sources: Security Agreement (Mediabay Inc)