Common use of Security in Addition Clause in Contracts

Security in Addition. The security interest hereby constituted is not in substitution for any other security interests securing the Grantor Obligations or for any other agreement between the parties creating a security interest in all or part of the Collateral, whether heretofore or hereafter made, and such security and such agreements shall be deemed to be continued and not affected hereby.

Appears in 2 contracts

Sources: Security Agreement (Johnstone Tank Trucking Ltd.), Security Agreement (Johnstone Tank Trucking Ltd.)