Collateral Cumulative. The collateral constituted by this Agreement and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Chargee may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. No prior security held by the Chargee over the whole or any part of the Charged Portfolio shall merge into the collateral constituted by this Agreement.
Appears in 1 contract
Collateral Cumulative. The collateral constituted by this Agreement and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Chargee Secured Party may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. No prior security held by the Chargee Secured Party over the whole or any part of the Charged Portfolio and/or Assigned Property shall merge into the collateral constituted by this Agreement.
Appears in 1 contract
Samples: Security Over Shares and Security Assignment Agreement (S&t International Distribution Ltd.)
Collateral Cumulative. The collateral constituted by this Agreement and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Chargee Collateral Agent or any other Secured Party may at any time hold for the Secured Obligations Liabilities or any rights, powers and remedies provided by law. No prior security held by the Chargee Collateral Agent or any other Secured Party over the whole or any part of the Charged Portfolio shall merge into the collateral constituted by this Agreement.
Appears in 1 contract
Samples: Security Over Shares Agreement (RenPac Holdings Inc.)
Collateral Cumulative. The collateral constituted by this Agreement and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Chargee Security Trustee or any other Secured Party may at any time hold for the Secured UK Obligations or any rights, powers and remedies provided by law. No prior security held by the Chargee Security Trustee or any other Secured Party over the whole or any part of the Charged Portfolio shall merge into the collateral constituted by this Agreement.
Appears in 1 contract
