Common use of Preservation of Security Clause in Contracts

Preservation of Security. If for any reason any Security Interest intended to be created by this Deed ceases to be continuing security, such Security Interest shall remain effective as security in respect of the Secured Liabilities at the date of such cessation, regardless of any subsequent increase or reduction in the amounts of any sums constituting Secured Liabilities.

Preservation of Security. If for any reason any the Security Interest intended Interests constituted hereby cease to be created by this Deed ceases to be a continuing security, security such Security Interest Interests shall remain effective as security in respect of the Secured Liabilities Obligations at the date of such cessation, cessation regardless of any subsequent increase or reduction in the amounts of any sums constituting Secured LiabilitiesObligations.