Preservation of Security. 6.1 It is hereby agreed and declared that:
Preservation of Security. (a) The security constituted by this Assignment shall be continuing and will extend to the ultimate balance of the Secured Obligations, regardless of any intermediate payment or discharge in part (whether in respect of this Assignment, any other security or otherwise).
Preservation of Security. 2.1 The security constituted by this Charge shall be continuing and not satisfied by an intermediate payment or satisfaction of the whole or any part of the Secured Obligations but shall secure the ultimate balance of the Secured Obligations. The security hereby given shall be in addition to any other Lien now or hereafter held by the Collateral Agent for all or any of the Secured Obligations, and the Collateral Agent’s rights under this Charge shall not be postponed, lessened or otherwise prejudicially affected or merged in any other such security.
Preservation of Security. (a) The security constituted by this Pledge shall be continuing and will extend to the ultimate balance of the Secured Obligations, regardless of any intermediate payment or discharge in part (whether in respect of this Pledge, any other security or otherwise).
Preservation of Security. 4 Section 4.1. CONTINUING SECURITY........................................................................4 Section 4.2. WAIVER OF DEFENSES.........................................................................4 Section 4.3. IMMEDIATE RECOURSE.........................................................................5 Section 4.4.
Preservation of Security. In the event that Seller has provided a Letter of Credit under the terms of this Agreement, Seller will preserve the Letter of Credit in place until all payments due under this Agreement for which the Letter of Credit has been provided have been made in full.
Preservation of Security. (a) The Issuer shall execute and cause to be executed by the other Obligors, the Security Documents and validly create and perfect, and cause to be created and perfected by the other Obligors, the Security in favour of the Debenture Trustee for the benefit of the Debenture Holders in accordance with and within the timelines mentioned in Section 4.
Preservation of Security. The security constituted by this Deed shall be a continuing security and shall not be satisfied by any intermediate payment or satisfaction of the whole or any part of the Obligations but shall secure the ultimate balance of the Obligations. If for any reason this security ceases to be a continuing security, the Secured Party may open a new account with or continue any existing account with the Chargor and the liability of the Chargor in respect of the Obligations at the date of such cessation shall remain regardless of any payments into or out of any such account. The security constituted by this Deed shall be in addition to and shall not be affected by any other security now or subsequently held by the Secured Party for all or any of the Obligations.
Preservation of Security. To sign and deliver to Lender such documents, instruments, assignments and other writings, and to do such other acts necessary or desirable to preserve and protect the collateral at any time securing or intended to secure the Note, as Lender may require.
Preservation of Security. The Borrower shall observe and perform all of its obligations and all matters and things necessary or expedient to be done, observed or performed by virtue of any law, decree, regulation or similar enactment for the purpose of creating, maintaining and keeping maintained the liens created by the Security granted by the Borrower as a valid and effective security interest in favour of the Lender or its assigns upon the property, assets and undertaking charged or intended to be charged thereby and performing the obligations therein contained. The Borrower shall file, register, enter or record the Security, all modifications thereto and all other instruments of further assurance in respect thereof without delay wherever in the opinion of the Lender it would be of material advantage in preserving and protecting the liens created by the Security and shall renew such filings, registrations, entries or recordings from time to time as and when required, including as required by the Lender acting reasonably, and to fully and effectively maintain and keep maintained the Security as a valid and effective security interest upon the property, assets and undertaking charged or intended to be charged thereby.
