Common use of Effectiveness of Security Clause in Contracts

Effectiveness of Security. 10.1 This Charge Agreement shall be in addition to and shall be independent of every other security which you may at any time hold for any of the Obligations. No prior security held by you over the whole or any part of the Charged Portfolio shall merge in the security hereby constituted.

Appears in 3 contracts

Samples: Confidentiality Agreement (Ace LTD), Original Agreement (Ace LTD), Charge Agreement (Ace LTD)

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Effectiveness of Security. 10.1 11.1 This Charge Agreement shall be in addition to and shall be independent of every other security which you may at any time hold for any of the Obligations. No prior security held by you over the whole or any part of the Charged Portfolio shall merge in the security hereby constituted.

Appears in 2 contracts

Samples: Charge Agreement (Ace LTD), Ace LTD

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