Common use of Continuing Security Interest Clause in Contracts

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee of a portion of the Pledged Collateral.

Appears in 7 contracts

Sources: Pledge Agreement (Artemis International Solutions Corp), Pledge Agreement (Opus360 Corp), Pledge Agreement (Greenfield Online Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and Pledgors or the Pledgee Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgors or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 4 contracts

Sources: Construction Loan Agreement (Corporate Office Properties Trust), Pledge Agreement (U-Store-It Trust), Construction Loan Agreement (Corporate Office Properties Trust)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor Each of the Pledgors and the Pledgee Collateral Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to any of the Pledgee Pledgors or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 4 contracts

Sources: Credit Agreement (Guilford Mills Inc), Credit Agreement (Crown Crafts Inc), Subordinated Note and Warrant Purchase Agreement (Crown Crafts Inc)

Continuing Security Interest. This Agreement shall create a ---------------------------- continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 3 contracts

Sources: Credit Agreement (Harrys Farmers Market Inc), Pledge Agreement (Zynaxis Inc), Pledge Agreement (Harrys Farmers Market Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 2 contracts

Sources: Credit Agreement (Gerber Scientific Inc), Pledge Agreement (Vaxcel Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Bond Collateral and shall remain in full force and effect until it terminates in accordance with its termsterms as set forth in Section 19 hereof. The Pledgor and the Pledgee Lender hereby agree that the security interest created by this Agreement in the Pledged Bond Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee any of a Pledgor or any person designated by it of all or any portion of the Pledged Bond Collateral.

Appears in 2 contracts

Sources: Bond Pledge Agreement, Bond Pledge Agreement

Continuing Security Interest. This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and shall shall: (a) remain in full force and effect until it terminates in accordance with its terms. The the Fixed Assets Termination Date; (b) be binding upon the Pledgor and its successors, transferees and assigns; and (c) inure, together with the Pledgee hereby agree that rights and remedies of the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer Administrative Agent hereunder, to the Pledgee of a portion benefit of the Pledged CollateralFixed Assets Secured Parties.

Appears in 2 contracts

Sources: Pledge Agreement (Sterling Chemical Inc), Pledge Agreement (Sterling Chemical Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until it terminates the payment in accordance with full of the Obligations and all other amounts payable under the Note, (b) be binding upon the Pledgor, its terms. The Pledgor successors and assigns and (c) inure to the benefit of, and be enforceable by, the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue its successors, transferees and remain in full force and effect notwithstanding the transfer to the Pledgee of a portion of the Pledged Collateralassigns.

Appears in 2 contracts

Sources: Option Exercise/Cancellation Agreement (Playcore Inc), Option Exercise/Cancellation Agreement (Playcore Inc)

Continuing Security Interest. This Agreement shall create a ---------------------------- continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates indefeasible payment in accordance with its termsfull of the Secured Obligations. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 2 contracts

Sources: Guarantor Pledge Agreement (Security Capital Group Inc/), Pledge Agreement (Security Capital Group Inc/)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral in favor of the Pledgee and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor be binding upon the Pledgor, the Securities Intermediary and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer Pledgee, to the Pledgee of a portion benefit of the Pledged CollateralPledgee and its successors and permitted assigns; provided, however, the Pledgor may not assign its rights or delegate its duties hereunder without the prior written consent of the requisite lenders under the Credit Agreement.

Appears in 2 contracts

Sources: Incremental Facility Activation Notice (SPX Corp), Incremental Facility Activation Notice (SPX Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Pledge Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Sources: Credit Agreement (Physicians Specialty Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee Collateral Agent hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Sources: Pledge Agreement (Gold Kist Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in all of the Pledged Collateral shall not terminate has been either released from the pledge and shall continue lock-up provisions pursuant to Section 7 of this Agreement and/or sold or otherwise applied to satisfy any uncured Events of Default, (ii) be binding upon Pledgor, and remain in full force its successors and effect notwithstanding the transfer assigns, and (iii) inure to the Pledgee of a portion benefit of the Pledged CollateralBuyer and its successors and assigns.

Appears in 1 contract

Sources: Stock Purchase Agreement (Viasoft Inc /De/)

Continuing Security Interest. This Agreement shall create a ---------------------------- continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Sources: Stock Pledge Agreement (National Data Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Each Pledgor and the Pledgee hereby agree that the security interest created by this Pledge Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee such Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Sources: Credit Agreement (Physicians Specialty Corp)

Continuing Security Interest. This Each Pledgor agrees that this Pledge Agreement shall create a continuing security interest in and pledge of the Pledged Collateral and which shall remain in full force and effect until it terminates terminated in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee of a portion of the Pledged CollateralSection 24.

Appears in 1 contract

Sources: Credit Agreement (Catellus Development Corp)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Sources: Pledge Agreement (Verso Technologies Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until it terminates in accordance with its terms. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain payment in full force of the Liabilities and effect notwithstanding termination of the transfer Loan Agreement and maturity of the Note; (b) be binding upon Pledgor, its successors and assigns; and (c) inure to the benefit of Pledgee of a portion of the Pledged Collateraland its successors, transferees and assigns.

Appears in 1 contract

Sources: Stock Pledge and Guaranty Agreement (Pacificnet Inc)

Continuing Security Interest. This Agreement shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until it terminates indefeasible payment in accordance with its termsfull of the Secured Obligations. The Pledgor and the Pledgee hereby agree that the security interest created by this Agreement in the Pledged Collateral shall not terminate and shall continue and remain in full force and effect notwithstanding the transfer to the Pledgee Pledgor or any person designated by it of a all or any portion of the Pledged Collateral.

Appears in 1 contract

Sources: Pledge Agreement (Security Capital Group Inc/)