Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in and to all of the Collateral, and the security interest shall survive until, and this Agreement shall remain in full force and effect and terminate only upon, the indefeasible payment (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations) and performance in full of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under this Agreement and the other Investment Documents.
Appears in 2 contracts
Sources: Patent, Trademark and Copyright Security Agreement (Overhill Farms Inc), Security Agreement (Overhill Farms Inc)
Continuing Security Interest; Termination. This Security Agreement shall create a continuing security interest in the Collateral and shall terminate upon Debtor’s payment in full to all the Secured Party of the CollateralPayment Obligation. Upon such termination, the Secured Party shall execute and deliver to the Debtor all instruments and other documents as may be necessary or proper to release any and all liens on, and the security interest shall survive until, and this Agreement shall remain in full force and effect and terminate only uponin, the indefeasible payment (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations) and performance in full of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under this Agreement and the other Investment DocumentsCollateral.
Appears in 2 contracts
Sources: Security Agreement (Lucid Inc), Security Agreement (Lucid Inc)
Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in and to all of the Collateral, Collateral and the security interest shall survive until, and this Agreement shall remain in full force and effect effect, and terminate only upon, the indefeasible payment and performance in full of any and all Obligations (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations) ), and performance in full the termination of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under this the Securities Purchase Agreement and the other Investment DocumentsRelated Agreements.
Appears in 2 contracts
Sources: Security Agreement (Levine Leichtman Capital Partners Ii Lp), Security Agreement (Levine Leichtman Capital Partners Ii Lp)
Continuing Security Interest; Termination. (a) This Security Agreement shall create a continuing security interest in and to all of the CollateralPledged Collateral and shall, and the security interest shall survive untilunless otherwise provided in this Security Agreement, and this Agreement shall remain in full force and effect and terminate only upon, until the indefeasible payment (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations) and performance in full of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under this Obligations. This Security Agreement shall be binding upon the Pledgor, its transferees, successors and assigns, and shall inure, together with the other Investment Documents.rights and remedies of the Trustee
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Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in and to all of the Collateral, Collateral and the security interest shall survive until, and this Agreement shall remain in full force and effect and terminate only upon, the indefeasible payment and performance in full of all Obligations (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations) and performance in full of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under this Agreement and the other Investment Documents).
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Continuing Security Interest; Termination. This Agreement shall create a continuing security interest in the Collateral and to all of the Collateral, and the security interest shall survive until, and this Agreement shall remain in full force and effect and terminate only upon, the until indefeasible payment (including payment in full in cash in immediately available funds in the case of Secured Obligations consisting of payment obligations) and performance in full of any and all Secured Obligations and the expiration or earlier termination of all obligations of the Secured Party under this Agreement and the other Investment DocumentsObligations.
Appears in 1 contract
Sources: Loan and Security Agreement (First Pacific Networks Inc)
Continuing Security Interest; Termination. (a) This Escrow and Security Agreement shall create a continuing security interest in and to all of the CollateralCollateral and shall, unless otherwise provided in the Term Loan Agreement or in this Escrow and the security interest shall survive untilSecurity Agreement, and this Agreement shall remain in full force and effect and terminate only upon, until the indefeasible payment (including payment in full in cash of the Obligations or the release of the Collateral in immediately available funds in accordance with the case terms of Secured Obligations consisting of payment obligations) this Escrow and performance in full of Security Agreement, at which time any and all Secured Obligations security interests in the Collateral shall immediately and the expiration or earlier termination of all obligations of the Secured Party under this Agreement and the other Investment Documents.automatically be
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