Common use of Existing Security Interest Clause in Contracts

Existing Security Interest. In the event a security interest has heretofore been granted and given to * by Seller in a prior agreement(s) or document(s) to secure certain obligations, then in such event, and notwithstanding anything in this Agreement to the contrary, the lien and security interest herein granted and given to * hereunder is in renewal and continuation, and not in extinguishment of, all such prior liens and security interests and continue to be valid and subsisting liens and security interests to secure all prior, existing and future Obligations.

Existing Security Interest. In the event a security interest has heretofore been granted and given to * by Seller in a prior agreement(s) or document(s) to secure certain obligations, then in such event, and notwithstanding anything in this Agreement to the contrary, the lien and security interest herein granted and given to * [*] hereunder is in renewal and continuation, and not in extinguishment of, all such prior liens and security interests and continue to be valid and subsisting liens and security interests to secure all prior, existing and future Obligations.