Common use of Continuing Security Clause in Contracts

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.

Appears in 6 contracts

Samples: www.sec.gov, Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As), Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As)

AutoNDA by SimpleDocs

Continuing Security. 6.1 7.1 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.

Appears in 5 contracts

Samples: Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As), Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As), Share Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As)

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 or discharged in full.

Appears in 4 contracts

Samples: Pledge Agreement (Concordia Bus Nordic AB), Pledge Agreement (Concordia Bus Nordic AB), Pledge Agreement (Concordia Bus Nordic AB)

Continuing Security. 6.1 The security constituted by this This Agreement shall be a continuing security for the payment of the Secured Obligations and the security so created shall not be considered as satisfied or discharged by any intermediate partly payment or settlement satisfaction of the whole or any part of the Secured Obligations and shall be binding until all (or by any payment settlement in respect of the Secured Obligations have been irrevocably paid and discharged in fullObligations).

Appears in 2 contracts

Samples: Security Agreement, Security Agreement

Continuing Security. 6.1 The security constituted by this (a) This Agreement shall be a continuing security and shall not be considered as satisfied or discharged by any intermediate payment or settlement satisfaction 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 fullLiabilities.

Appears in 2 contracts

Samples: Security Agreement (Endeavour International Corp), Security Agreement (Endeavour International Corp)

Continuing Security. 6.1 5.1 The security constituted by this Agreement shall be a continuing security security, shall continue in full force and effect during the Security Period and shall be in addition to and not adversely affect, or be considered as satisfied or discharged adversely affected by any other Finance Document, and shall continue in force notwithstanding any intermediate payment or settlement of the discharge in whole or any in part of the Secured Obligations and shall be binding Liabilities until all the Secured Obligations have been irrevocably paid and discharged released in fullaccordance with Section 14.

Appears in 1 contract

Samples: Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As)

AutoNDA by SimpleDocs

Continuing Security. 6.1 5.1 The security Security constituted by this Agreement shall be a continuing security and Security, shall not be considered as satisfied or discharged by any intermediate payment or settlement of extend to the whole or any part ultimate balance of the Secured Obligations and shall be binding until all continue in force notwithstanding any intermediate payment or discharge in whole or in part of the Secured Obligations have been irrevocably paid and discharged in fulluntil the end of the Security Period.

Appears in 1 contract

Samples: Pledge Agreement (Lorentzen Ole Peter)

Continuing Security. 6.1 8.1 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.

Appears in 1 contract

Samples: Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As)

Continuing Security. 6.1 5.1 The security constituted by this Agreement shall be a continuing security security, shall continue in full force and effect during the Security Period and shall be in addition to and not adversely affect, or be considered as satisfied or discharged adversely affected by any other Finance Document, and shall continue in force notwithstanding any intermediate payment or settlement of the discharge in whole or any in part of the Secured Obligations and shall be binding Liabilities until all the Secured Obligations have been irrevocably paid and discharged released in fullaccordance with Section 13.

Appears in 1 contract

Samples: Pledge Agreement (Ingenior M.O. Schoyens Bilcentraler As)

Time is Money Join Law Insider Premium to draft better contracts faster.