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.
Appears in 2 contracts
Sources: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)
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 Lender and shall continue in full force and effect applicable to all Liabilities until both both:
(ai) all Liabilities have been paid and/or satisfied in full and full, including those arrangements set forth in Section 13.2(d); and
(bii) the Revolving Credit Dollar Commitment security interest created herein is specifically terminated in writing by a duly authorized officer of each Revolving Credit Lender is terminatedthe Lender.
(b) It is intended that the Collateral Interests created herein extend to and cover all assets of the Borrower, other than Exempt Assets.
Appears in 2 contracts
Sources: Loan and Security Agreement (Redenvelope Inc), Loan and Security Agreement (Bluefly Inc)
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 Lender and shall continue in full force and effect applicable to all Liabilities until both both
(ai) all Liabilities have been paid and/or satisfied in full and full; and
(bii) the Revolving Credit Dollar Commitment security interest created herein is specifically terminated in writing by a duly authorized officer of each Revolving Credit Lender is terminatedthe Lender.
(b) It is intended that the Collateral Interests created herein extend to and cover all assets of the Borrower, other than Exempt AssetsBankruptcy Recoveries.
Appears in 2 contracts
Sources: Loan and Security Agreement (Gadzooks Inc), Loan and Security Agreement (Gadzooks Inc)
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 Collateral 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 security interest granted herein is specifically terminated in writing by a duly authorized officer 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 AssetsAgent .
Appears in 1 contract
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 Borrowers 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) full, the Revolving Credit Dollar Commitment of each Revolving Credit Lender the Agent to make loans and other financial accommodations has been terminated, and the security interest granted herein is terminated.
(b) It is intended that the Collateral Interests created herein extend to and cover all assets specifically terminated in writing by a duly authorized officer of the Borrower, other than Exempt AssetsAgent.
Appears in 1 contract
Sources: Loan and Security Agreement (Duckwall Alco Stores Inc)
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 Borrowers 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 full, no more Commitments exist and (b) the Revolving Credit Dollar Commitment of each Revolving Credit Lender security interest granted herein 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.specifically terminated in 125
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