Common use of Existing Security Clause in Contracts

Existing Security. 8.1 The Borrower confirms, acknowledges and agrees that the Security Documents: 8.1.1 other than any Security Documents governed by Swedish law, rank as a continuing security for the payment and discharge of the Loan including, without limitation, all present and future monies, obligations and liabilities owed by the Borrower to the Lender, whether actual or contingent and whether owed jointly or severally, as principal or surety and/or in any other capacity, under or in connection with Loan Documents; and 8.1.2 governed by Swedish law, shall continue to secure the Secured Obligations (as defined in each Security Document governed by Swedish law); and 8.1.3 shall continue in full force and effect in all respects and the Security Documents and this Deed shall be read and construed together.