Cumulative Security Sample Clauses
The Cumulative Security clause establishes that any security interests or protections provided under the agreement are in addition to, and do not replace, any other security rights the party may have. In practice, this means that if a party is granted a security interest in certain assets under the contract, this right is cumulative with any other security interests they may hold, whether from previous agreements or by law. The core function of this clause is to ensure that the beneficiary retains all available security protections, thereby maximizing their ability to recover or enforce obligations if the other party defaults.
Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured Obligations. No security taken hereafter as security for the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.
Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the payment of the Indebtedness. No security taken hereafter as security for payment of the Indebtedness shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.
Cumulative Security. The Security shall be cumulative, in addition to, and independent of, every other security which the Collateral Agent or any Beneficiary may at any time hold in respect of the Secured Obligations or any other obligations or any rights, powers and remedies provided by law. The Security shall not merge with any prior security held by the Collateral Agent (acting in any capacity) or by any Beneficiary over the whole or any part of the Collateral.
Cumulative Security. 17 Section 5.11 Continuing Agreement.....................17 Section 5.12
Cumulative Security. The execution and delivery of this Stock Pledge Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Obligations. No security taken hereafter as security for payment or performance of the Obligations shall impair in any manner or affect this Stock Pledge Agreement. All such present and future additional security is to be considered as cumulative security. XI-ix 134
Cumulative Security. 17 Section 5.11
Cumulative Security. This Security shall be cumulative, in addition to and independent of every other security which the Chargee may at any time hold in respect of the Secured Obligations or any other obligations or any rights, powers and remedies provided by law. This Security shall not merge with or be in any way prejudiced or affected by any of the other Transaction Documents or any other Security held by the Chargee (acting in any capacity) over the whole or any part of the Charged Property, nor shall any of the other Transaction Documents, any such Security or the liability of either Chargor or any other person for all or any part of the Secured Obligations be in any way prejudiced or affected by this Deed.