Common use of ADDITIONAL AND CONTINUING SECURITY Clause in Contracts

ADDITIONAL AND CONTINUING SECURITY. The Security Interest contemplated by this Assignment Agreement shall be in addition to any other Security Interest granted in accordance with the Agreement and/or any Swap Agreement, and shall be a continuing security in full force and effect as long as any obligations are outstanding under the Agreement or any Swap Agreement (as the case may be).

Appears in 2 contracts

Sources: Credit Agreement (B Plus H Ocean Carriers LTD), Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

ADDITIONAL AND CONTINUING SECURITY. The Security Interest contemplated by this Assignment Agreement shall be in addition to any other Security Interest granted in accordance with the Agreement and/or any Swap Agreement, and shall be a continuing security in full force and effect as long as any obligations are outstanding under the Agreement Finance Documents or any Swap Agreement (as the case may be).

Appears in 2 contracts

Sources: Term Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.)

ADDITIONAL AND CONTINUING SECURITY. The Security Interest contemplated by this Assignment Agreement shall be in addition to any other Security Interest granted in accordance with the Agreement and/or any Swap Agreement, and shall be a continuing security in full force and effect as long as any obligations are outstanding under the Agreement or any Swap Agreement (as the case may be)Agreement.

Appears in 1 contract

Sources: Long Term Facility Agreement (General Geophysics Co)

ADDITIONAL AND CONTINUING SECURITY. The Security Interest contemplated by this Assignment Agreement shall be in addition to any other Security Interest granted in accordance with the Agreement and/or any Swap Agreement, and shall be a continuing security in full force and effect as long as any obligations are outstanding under the Agreement or any Swap Agreement (as the case may be).Agreement

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

ADDITIONAL AND CONTINUING SECURITY. The Security Interest contemplated by this Assignment Agreement shall be in addition to any other Security Interest granted in accordance with the Agreement and/or any Swap Agreement, and shall be a continuing security in full force and effect as long as any obligations are outstanding under the Agreement or any Swap Agreement (as the case may be).. 11

Appears in 1 contract

Sources: Loan Agreement (B Plus H Ocean Carriers LTD)