CONTINUING AND ADDITIONAL SECURITY Sample Clauses

CONTINUING AND ADDITIONAL SECURITY. 4.01 This Guarantee is a continuing security and shall secure the whole of the Guaranteed Monies until one calendar month after receipt by the Bank of notice in writing by the Guarantor or a liquidator, receiver or personal representative of the Guarantor (in the event of the death of the Guarantor) to terminate it. In the case of the Guarantor’s death, this Guarantee shall remain binding as a continuing guarantee on that Guarantor’s heirs, executors, successors or administrators until the expiry of notice given in accordance with this Clause. Nevertheless and despite the giving of such notice, this Guarantee shall continue to apply to the Guaranteed Monies in respect of which the Customer is or becomes actually or contingently liable up to such termination and the Guarantor guarantees to pay such Guaranteed Monies to the Bank on demand whether that demand is made before, at the time of or after such termination. 4.02 Where there is more than one person comprised in the expression the “Guarantor”, any notice under Clause 4.01 above may be given by any one of the persons comprising the Guarantor. The Bank will treat any such notice as terminating that Guarantor’s liability to the extent provided in Clause 4.01 without affecting or terminating the obligations or liability of any other person comprising the Guarantor and this Guarantee shall continue to bind those persons as a continuing guarantee. 4.03 This Guarantee is in addition to, shall not be affected by and may be enforced despite the existence of any other guarantee or security held by the Bank. 4.04 Where there is more than one person comprised in the expression “the Guarantor”, if for any reason this Guarantee is not or ceases to be binding on any Guarantor, it shall subject to Clause 4.01 remain binding as a continuing security on the remaining person(s) comprising the Guarantor. 4.05 The obligations of the Guarantor under this Guarantee shall not be affected by any of the following: (i) any part payment of the Guaranteed Monies by the Customer or any other person; (ii) any change in the name or constitution of the Customer, the Guarantor or the Bank; (iii) any merger, amalgamation, reconstruction or reorganisation affecting the Customer, the Guarantor or the Bank; (iv) the death, mental incapacity, bankruptcy, insolvency, liquidation or administration of the Customer or the Guarantor; and (v) any other act, omission, event or circumstance which but for this provision would discharge any Guarantor...

CONTINUING AND ADDITIONAL SECURITY.  8.1 This Deed of Guarantee and Indemnity is a continuing security and shall remain in full force and effect until all the Guaranteed Obligations and the indemnity obligations have been discharged or satisfied in full notwithstanding any intermediate payment or discharge by the Guarantor of the Guaranteed Obligations or the liquidation or other incapacity or any change in the constitution or name of the Charterer or of the Guarantor or any settlement of account or other matter or thing whatsoever.  8.2 This Deed of Guarantee and Indemnity is in addition to and shall not merge with or otherwise prejudice or affect or be prejudiced by any other right, remedy, guarantee, indemnity or security and may be enforced without first having recourse to the same or any other ▇▇▇▇, note, mortgage, charge, pledge or lien now or hereafter held by or available to the Beneficiary. 

CONTINUING AND ADDITIONAL SECURITY. 4.1 The Pledge shall remain in force, and shall not be satisfied by any intermediate payment or intermediate satisfaction of any part of the Secured Obligations or by any intermediate settlement of accounts, until all of the Secured Obligations have been unconditionally and irrevocably paid in full (other than inchoate indemnity obligations) and no further Secured Obligations are capable of arising. 4.2 If, in the course of bankruptcy proceedings, any payment remitted in order to pay the Secured Obligations, is avoided or set aside or ordered to be refunded or reduced, on the grounds of fraudulent preference or otherwise, the obligations of the Pledgor hereunder shall revive and the security interest constituted by this Agreement shall continue with respect to the Secured Obligations the payment of which was avoided, set aside or ordered to be refunded or reduced. Share Pledge Agreement 4/12 4.3 The Pledge shall be cumulative, and shall be in addition to, and shall not in any way be prejudiced by or dependent on any collateral or other security now or thereafter held by or for the benefit of the Pledgees as security for the Secured Obligations or any lien to which they may be entitled (whether by contract or statute). The rights of the Pledgees hereunder are in addition to and not in lieu of those provided by law. The Pledge secures the Pledgees up to the amount of the Secured Obligations from time to time outstanding. 4.4 To the fullest extent permitted by applicable law, the Pledgor waives any right it may have to require the Pledgees to first proceed against, or claim payment from, any person or enforce any guarantee or security granted by any person before enforcing this Agreement and/or their rights hereunder or pursuant hereto.

CONTINUING AND ADDITIONAL SECURITY. 7.1 This Deed is a continuing security and shall remain in full force and effect until all the Guaranteed Obligations have been discharged or satisfied in full, notwithstanding the administration, liquidation, insolvency, bankruptcy, striking-off or other incapacity of the Farmee or any other person, or any change in the constitution, the articles of association or by-laws of the Farmee or of the Parent or of any other person or in the name or style of any of them or any settlement of account or other matter whatsoever; provided that the Parent may request Farmor to grant a release from this Deed prior to its termination if the Farmee assigns all of its rights and obligations under and in accordance with the Agreement, to a third party and such third party, is of financial standing acceptable to the Farmor (in its sole judgement) and, if required by the Farmor, procures that an Affiliate acceptable to the Farmor (in its sole judgement) enters into a guarantee with the Farmee in the same form ‘mutatis mutandis’ as this Deed. 7.2 This Deed is in addition to and shall not merge with or otherwise prejudice or affect or be prejudiced by any other right, remedy, guarantee, indemnity or security and may be enforced without first having recourse to the same or any other ▇▇▇▇, note, mortgage, charge, pledge or lien now or hereafter held by or available to the Farmor.

CONTINUING AND ADDITIONAL SECURITY. This Assignment is a continuing security and is in addition to, shall not be affected by and may be enforced despite the existence of any other security held by the Bank. Any restriction on the right of consolidating securities shall not apply to this Assignment.

CONTINUING AND ADDITIONAL SECURITY. 3.01 The Guarantor acknowledges and agrees that this Guarantee is and at all times a continuing security and shall cover and secure the ultimate balance from time to time owing to the Company by the Principal on each separate account or in any manner whatsoever notwithstanding the bankruptcy, liquidation, incapacity or any change in the constitution of the Principal or the Guarantor or any settlement of account or other matter whatsoever. This Guarantee is in addition to, shall not be affected by and may be enforced despite the existence of, and without demand, notice, legal process or any other action under, any other guarantee, lien, ▇▇▇▇, ▇▇te, mortgage, or other security now or hereafter held by or available to the Company. 3.02 Should any purported obligation of the Principal which if valid or enforceable would be the subject of this Guarantee, be or become wholly or in part invalid or unenforceable against the Principal by reason of any defect in or insufficiency or want of powers of the Principal or irregular or improper purported exercise thereof or breach or want of authority by any person purporting to act on behalf of the Principal or because the Company's rights have become barred by reason of any legal limitation, disability, incapacity or any other fact or circumstance whether or not already known to the Company or if for any other reason whatsoever the Principal is not or ceases to be legally liable to discharge any money, obligation or liability undertaken or purported to be undertaken on its behalf the Guarantor shall nevertheless be liable to the Company (notwithstanding the avoidance or invalidity of any assurance, security or payment or any ground whatsoever including (without limitation) avoidance under any enactment relating to liquidation) in respect of that purported obligation or liability as if the same were wholly valid and enforceable and the Guarantor was the principal debtor in respect thereof. The Company is not to be concerned to see or enquire into the powers of the Principal or its officers, employees or agents purporting to act on its behalf. The Guarantor hereby agrees to keep the Company fully indemnified against all damages, loss, costs and expenses arising from any failure of the Principal to carry out any such purported obligation. 3.03 The Guarantor agrees that the Company may from time to time without discharging or in any way affecting the liability of the Guarantor hereunder and without the assent or knowledge of...

CONTINUING AND ADDITIONAL SECURITY. 3.1 This Guarantee is a continuing security and shall remain in full force and effect until all the Guaranteed Obligations have been discharged or satisfied in full notwithstanding the liquidation or other incapacity or any change in the constitution of the Purchaser or of the Guarantor or in the name and style of either of them or any settlement of account or other matter whatsoever. 3.2 This Guarantee is in addition to and shall not merge with or otherwise prejudice or affect or be prejudiced by any other right, remedy, guarantee, indemnity or security and may be enforced without first having recourse to the same or any other bill, note, mortgage, charge, pledge or lien now ▇▇ hereafter held by or available to the Company.

CONTINUING AND ADDITIONAL SECURITY. 1This Deed of Guarantee and Indemnity is a continuing security and shall remain in full force and effect until all the Guaranteed Obligations and the indemnity obligations have been discharged or satisfied in full notwithstanding any intermediate payment or discharge by the Guarantor of the Guaranteed Obligations or the liquidation or other incapacity or any change in the constitution or name of the Operator or of the Guarantor or any settlement of account or other matter or thing whatsoever.

CONTINUING AND ADDITIONAL SECURITY. 26.1 Until the end of the Security Period, the Security Interest created by or pursuant to this Deed shall remain in full force and effect as a continuing security for the Secured Obligations unless and until discharged by the Chargee in the manner provided for in Clause 29 (Redemption and Release of Security). 26.2 No part of the Security Interest created by or pursuant to this Deed will be considered satisfied or discharged by any intermediate payment, discharge or satisfaction of the whole or any part of the Secured Obligations until the Security Interest is discharged in the manner provided under Clause 29 (Redemption and Release of Security)