Common use of Further Security Clause in Contracts

Further Security. 20.1 No representation is made by the Bank to the Customer or any Security Provider that the Bank will obtain guarantees from any other guarantors or that the Bank will obtain security for the liabilities of the Customer or any other Security Provider. Failure to obtain security or any additional guarantee (even if the Bank had intended to obtain it) or the discharge or release of any guarantee or security (or both) shall neither discharge any Security Provider from liability hereunder nor release any security provided by a Security Provider.