Common use of Continuation of Security Clause in Contracts

Continuation of Security. (a) Each Obligor consents to the assignments and transfers of rights and obligations permitted under and made in accordance with this clause 20. Each Obligor agrees and confirms that its guarantee and indemnity obligations under the Finance Documents and any Transaction Security granted by it in support of its own borrowing obligations or its guarantee or indemnity obligations under the Finance Documents will continue notwithstanding any assignment or transfer under this clause 20 and will extend to cover and support obligations owed to New Lenders and to continuing Finance Parties.

Continuation of Security. (a) Each Obligor consents to the assignments and transfers of rights and obligations permitted under and made in accordance with this clause 2027. Each Obligor agrees and confirms that its guarantee and indemnity obligations Obligations under the Finance Documents and any Transaction Security security granted by it in support of its own borrowing obligations or its guarantee or indemnity obligations under the Finance Documents will continue notwithstanding any assignment or transfer under this clause 20 27 and will extend to cover and support obligations owed to New Existing Lenders and to continuing Finance Parties.