Common use of Existing Security Documents Clause in Contracts

Existing Security Documents. The Borrower hereby acknowledges that the securities and guarantees (if any) referred to in Section 7 of Schedule A hereto, all the Letter(s) of Offer and any other Loan Agreement are existing in favour of the Bank for better securing the repayment and satisfaction of the Indebtedness by the Borrower to the Bank and the Borrower’s due performance and compliance with all the Borrower’s other obligations under or relating to the Facility and that such existing securities and guarantees shall not be prejudiced, impaired, diminished or otherwise affected by this Loan Agreement or the agreements, deeds, letters, guarantees, documents and instruments specified in Section 6 of Schedule A hereto, all Letter(s) of Offer and any other Loan Agreement but shall continue to be valid, binding and enforceable.

Existing Security Documents. The Borrower hereby acknowledges that the securities and guarantees (if any) referred to in Section 7 of Schedule A hereto, all the Letter(s) of Offer and any other Loan Facility Agreement are existing in favour of the Bank for better securing the repayment and satisfaction of the Indebtedness by the Borrower to the Bank and the Borrower’s due performance and compliance with all the Borrower’s other obligations under or relating to the Facility and that such existing securities and guarantees shall not be prejudiced, impaired, diminished or otherwise affected by this Loan the Facility Agreement or the agreements, deeds, letters, guarantees, documents and instruments specified in Section 6 of Schedule A hereto, all Letter(s) of Offer and any other Loan Facility Agreement but shall continue to be valid, binding and enforceable.