Common use of Continuing security and other matters Clause in Contracts

Continuing security and other matters. This Guarantee shall: 2.6.1 secure the ultimate balance from time to time owing to the Mortgagees or any of them by the Borrowers or any of them and shall be a continuing security, notwithstanding any settlement of account or other matter whatsoever; 2.6.2 be in addition to any present or future Collateral Instrument, right or remedy held by or available to any of the Mortgagees or any of them; and 2.6.3 not be in any way prejudiced or affected by the existence of any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by any of the Mortgagees or any of them dealing with, exchanging, varying or failing to perfect or enforce any of the same or giving time for payment or indulgence or compounding with any other person liable.

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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Continuing security and other matters. This Guarantee shall: 2.6.1 secure the ultimate balance from time to time owing to the Mortgagees Secured Creditors or any of them by the Borrowers or any of them and shall be a continuing security, notwithstanding any settlement of account or other matter whatsoever; 2.6.2 be in addition to any present or future Collateral Instrument, right or remedy held by or available to the Security Agent or any of the Mortgagees or any of themSecured Creditors; and 2.6.3 not be in any way prejudiced or affected by the existence of any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by the Security Agent or any of the Mortgagees or any of them Secured Creditors dealing with, exchanging, varying or failing to perfect or enforce any of the same or giving time for payment or indulgence or compounding with any other person liable.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Euronav NV)

Continuing security and other matters. This Guarantee shall: 2.6.1 secure the ultimate balance from time to time owing to the Mortgagees or Security Agent and/or any of them the Secured Creditors by the Borrowers or any of them and shall be a continuing security, notwithstanding any settlement of account or other matter whatsoever; 2.6.2 be in addition to any present or future Collateral Instrument, right or remedy held by or available to any of the Mortgagees Security Agent and/or the Secured Creditors or any of them; and 2.6.3 not be in any way prejudiced or affected by the existence of any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by any of the Mortgagees Security Agent or any of them the Secured Creditors dealing with, exchanging, varying or failing to perfect or enforce any of the same or giving time for payment or indulgence or compounding with any other person liable.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Continuing security and other matters. This Guarantee shall: 2.6.1 secure the ultimate balance from time to time owing to the Mortgagees Secured Creditors or any of them by the Borrowers or any either of them and shall be a continuing security, notwithstanding any settlement of account or other matter whatsoever; 2.6.2 be in addition to any present or future Collateral Instrument, right or remedy held by or available to the Security Agent or any of the Mortgagees or any of themSecured Creditors; and 2.6.3 not be in any way prejudiced or affected by the existence of any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by the Security Agent or any of the Mortgagees or any of them Secured Creditors dealing with, exchanging, varying or failing to perfect or enforce any of the same or giving time for payment or indulgence or compounding with any other person liable.

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

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Continuing security and other matters. This Guarantee shall: 2.6.1 secure the ultimate balance from time to time owing to the Mortgagees or Security Agent and/or any of them the Secured Creditors by the Borrowers or any either of them and shall be a continuing security, notwithstanding any settlement of account or other matter whatsoever; 2.6.2 be in addition to any present or future Collateral Instrument, right or remedy held by or available to any of the Mortgagees Security Agent and/or the Secured Creditors or any of them; and 2.6.3 not be in any way prejudiced or affected by the existence of any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by any of the Mortgagees Security Agent or any of them the Secured Creditors dealing with, exchanging, varying or failing to perfect or enforce any of the same or giving time for payment or indulgence or compounding with any other person liable.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Continuing security and other matters. This Guarantee shall: 2.6.1 secure (a) extend to the ultimate balance from time to time owing to the Mortgagees or any of them Secured Parties by the Borrowers or any members of them the Restricted Group and UPC and shall be a continuing securityguarantee, notwithstanding any settlement of account or other matter whatsoever; 2.6.2 (b) be in addition to any present or future Collateral Instrument, right or remedy held by or available to any of the Mortgagees Secured Parties or any of them; and 2.6.3 (c) not be in any way prejudiced or affected by the existence of any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by any of the Mortgagees Secured Parties or any of them dealing with, exchanging, varying or failing to perfect or enforce any of the same or giving time for payment or indulgence or compounding with any other person liable.

Appears in 1 contract

Samples: Loan and Note Issuance Agreement (United Pan Europe Communications Nv)

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