Common use of Continuing Nature Clause in Contracts

Continuing Nature. The security constituted by this Deed is to be a continuing security to the Security Trustee on trust for the Lender Parties notwithstanding any intermediate payment or settlement of account or other matter or thing whatsoever and in particular the intermediate satisfaction by (a) the Borrower or any other person of the whole or any part of the Senior Liabilities or (b) any Subordinated Creditor or any other person of the whole or any part of such Subordinated Obligations.

Continuing Nature. The security constituted by this Deed is to be a continuing security to the Security Trustee on trust for the Lender Parties notwithstanding any intermediate payment or settlement of account or other matter or thing whatsoever and in particular the intermediate satisfaction by (a) the Borrower Company or any other person of the whole or any part of the Senior Liabilities or (b) any Subordinated Creditor or any other person of the whole or any part of such Subordinated ObligationsLiabilities.

Continuing Nature. The security constituted by this Deed is to be a continuing security to the Security Trustee on trust for the Lender Parties notwithstanding any intermediate payment or settlement of account or other matter or thing whatsoever and in particular the intermediate satisfaction by (a) the Borrower Chargor or any other person of the whole or any part of the Senior Liabilities or (b) any Subordinated Creditor or any other person of the whole or any part of such Subordinated ObligationsLiabilities.