Common use of Separate Security Clause in Contracts

Separate Security. This Agreement and the Security Interest are in addition to and not in substitution for any other security now or hereafter held by the Lender in respect of the Borrower, the Obligations or the Collateral and any other present and future rights or remedies which the Lender might have with respect thereto.

Appears in 2 contracts

Sources: Loan Agreement (Hydrogenics Corp), Loan Agreement (BioAmber Inc.)

Separate Security. This Agreement and the Security Interest are in addition to and not in substitution for any other security now or hereafter held by the Lender Lenders in respect of the Borrower, the Obligations or the Collateral and any other present and future rights or remedies which the Lender might have with respect thereto.

Appears in 1 contract

Sources: General Security Agreement (Red Brook Developments LTD)