Extent and Duration of Security Interest Clause Samples

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent .

Extent and Duration of Security Interest. (a) The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Agent and shall continue in full force and effect applicable to all Liabilities until both (a) all Liabilities have been paid and/or satisfied in full and (b) the Revolving Credit Dollar Commitment of each Revolving Credit Lender is terminated. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of the Borrower, other than Exempt Assets.

Extent and Duration of Security Interest. (a) The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Agent and shall continue in full force and effect applicable to all Liabilities until both (i) all Liabilities have been paid and/or satisfied in full and (ii) the security interest created herein is specifically terminated in writing by a duly authorized officer of the Agent. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of the Borrower other than Real Estate, fixtures or Equipment.

Extent and Duration of Security Interest. (a) The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by any Borrower to the Collateral Agent (including, without limitation, under any mortgages and deeds of trust) and shall continue in full force and effect applicable to all Liabilities until (i) the Termination Date has occurred; and (ii) all Liabilities have been paid or satisfied in full in cash and satisfactory arrangements with respect to L/Cs and Banker's Acceptances as provided in Section 19.2 hereof have been made; and (iii) the security interest created herein is specifically terminated in writing by duly authorized officers of the Collateral Agent as provided in Section 19.2(d) hereof. (b) It is intended that the Collateral Interests created herein extend to and cover all assets of each Borrower, except for Excluded Property. (c) If a Borrower shall at any time acquire a Commercial Tort Claim, the Lead Borrower shall promptly notify the Administrative Agent in writing of the details thereof and the Borrowers shall take such actions as the Collateral Agent shall request in order to grant to the Collateral Agent, for the ratable benefit of the Revolving Credit Lenders, the Issuer, the Agent, and the Affiliates of each of them, a perfected and first priority security interest therein and in the Proceeds thereof.

Extent and Duration of Security Interest. This grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities, until all Liabilities have been paid and/or satisfied in full (other than indemnities not then due and payable, which survive repayment of the Revolving Credit Loans and the L/Cs and termination of the Commitments) and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Lender (which the Lender agrees to do upon payment and satisfaction of all such Liabilities).

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrowers to the Agent and shall continue in full force and effect until all Liabilities have been paid and/or satisfied in full, no more Commitments exist and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent, which termination shall not unreasonably be withheld.

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Agent and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been paid and/or satisfied in full (other than contingent indemnity obligations for which the Agent has established cash reserves to the extent required by Agent in its reasonable discretion), the Dollar Commitment of the Lenders to make loans and other financial accommodations has been terminated, and the security interest granted herein is specifically terminated in writing by a duly authorized officer of the Agent.

Extent and Duration of Security Interest. The within grant of a security interest is in addition to, and supplemental of, any security interest previously granted by the Borrower to the Lender and shall continue in full force and effect applicable to all Liabilities until all Liabilities have been irrevocably paid and/or satisfied in full and the security interest granted herein is specifically terminated in writing by a duty authorized officer of the Lender.

Extent and Duration of Security Interest. The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by any Credit Party to the Administrative Agent and shall continue in full force and effect applicable to all Liabilities until both (a) all Liabilities have been paid and/or satisfied in full and (b) the security interest created herein is specifically terminated in writing by a duly authorized officer of the Administrative Agent; provided, however, that the Administrative Agent shall release the security interest granted in Inventory and Prescription Lists which are sold or otherwise disposed of by the Credit Parties in connection with store closings expressly permitted hereunder and consistent with the Credit Parties' business plan provided to the Administrative Agent that do not otherwise cause a Default under Sections 4.29 or 6.1(iii). The Administrative Agent will terminate the security interest created hereunder promptly upon payment in full, in cash, of all the Liabilities and the termination and release of the Secured Parties' obligations hereunder and under the other Loan Documents.