Common use of COLLATERAL SECURITIES Clause in Contracts

COLLATERAL SECURITIES. This Agreement shall be collateral with all other deeds, securities, documents and agreements given to us by any person to secure the money payable under this Agreement. All such documentation shall be read and construed together so that a default under one shall constitute a default under all. With respect to any such default we may exercise our rights, powers and remedies under any of them in such order as we think fit.

COLLATERAL SECURITIES. This Agreement shall be collateral with all other deeds, securities, documents and agreements given to us by any person to secure the money payable under this Agreement. All such documentation shall be read and construed together so that a default under one shall constitute a default under all. With respect to any such default we may exercise our rights, powers and remedies reme- dies under any of them in such order as we think fit.