Common use of Continuing Security Clause in Contracts

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 4 contracts

Samples: Agreement (International Shipholding Corp), Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp)

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Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement and that the security so created shall not be satisfied by any an intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 4 contracts

Samples: Agreement (International Shipholding Corp), Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp)

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement Agreement, the Note and any other relevant Transaction Document and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

Continuing Security. It is declared and agreed that the ------------------- security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement, the Note, the other Security Documents or any Interest Rate Agreement and that the security so created shall not be satisfied by any an intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee or any other Creditor for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Consent and Agreement (Alexander & Baldwin Inc)

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement Agreement, the Notes and any other relevant Loan Document and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Continuing Security. It is declared and agreed that the The security created by this Assignment (i) shall be held by the Assignee as a continuing security for the payment in full of all moneys which may at the Pari Passu Obligations (other than any time and from time to time be or become payable by the Assignor under the Credit Agreement and that the security so created Pari Passu Obligations of ParentUDW), (ii) shall not be satisfied by any an intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created (iii) shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee (for the benefit of the Secured Parties) for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ocean Rig UDW Inc.)

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Company, the [other] Subsidiary Guarantors or the Assignor under pursuant to the Credit Agreement Indenture and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Hallandale Commercial Corp.

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Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement Agreement, the Notes and any other relevant Loan Document and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby secured and that the thatthe security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement Agreement, the Note and any other relevant Loan Document and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Company, the [other] Subsidiary Guarantors or the Assignor under pursuant to the Credit Agreement Indenture and that the security so created shall not be satisfied by any an intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Hallandale Commercial Corp.

Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by the Assignee as a continuing security for the payment of all moneys which may at any time and from time to time be or become payable by the Assignor under the Credit Agreement Agreement, the Note or any other Transaction Document and that the security so created shall not be satisfied by any an intermediate payment or satisfaction of any part of the amount hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any other collateral or other security now or hereafter held by the Assignee for all or any part of the moneys hereby secured.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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