Continuing Security. This Security is a continuing security and will extend to the ultimate balance of the Secured Liabilities, regardless of any intermediate payment or discharge in whole or in part.
Continuing Security. The security constituted by the Security Documents shall be continuing and shall not be satisfied by any intermediate payment or satisfaction until the Indebtedness shall have been repaid in full and none of the Finance Parties shall be under any further actual or contingent liability to any third party in relation to the Vessels, the Insurances, Earnings or Requisition Compensation or any other matter referred to in the Security Documents.
Continuing Security. The security created by this Deed shall:
Continuing Security. The security created by the Mortgage and this Deed shall:
Continuing Security. The security constituted by this Deed is continuing and will extend to the ultimate balance of all the Secured Liabilities, regardless of any intermediate payment or discharge in whole or in part.
Continuing Security. 6.1 The security constituted by this Agreement shall be a continuing security and shall not be considered as satisfied or discharged by any intermediate payment or settlement of the whole or any part of the Secured Obligations and shall be binding until all the Secured Obligations have been irrevocably paid and discharged in full.
Continuing Security. Each Security Interest under this Agreement and any Collateral Document continues to apply even if payments are made during the Term.
Continuing Security. Each item or part of the Security shall for all purposes be treated as a separate and continuing collateral security and shall be deemed to have been given in addition to and not in place of any other item or part of the Security or any other security now held or hereafter acquired by the Agent or the Lenders. No item or part of the Security shall be merged or be deemed to have been merged in or by this Agreement or any documents, instruments or acknowledgements delivered hereunder, or any simple contract debt or any judgment, and any realization of or steps taken under or pursuant to any security, instrument or agreement shall be independent of and not create a merger with any other right available to the Lenders or the Agent under any security, instruments or agreements held by it or at law or in equity.
Continuing Security. The security created under the Security Documents is expressly intended to be and will be a continuing security for all moneys now or from time to time owing to the Bank by the Customer whether alone or jointly and severally with others and whether as principal or security regardless that the Customer may at any time cease to be indebted to the Bank for any period or periods and regardless that the account or accounts of the Customer with the Bank may from any cause whatsoever cease to be current account or accounts and notwithstanding any settlement of any account or accounts or otherwise.
Continuing Security. This Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related thereto shall affect the validity of this Agreement.
