Covenants Regarding Security Granted Hereunder. It is declared and agreed that:
(A) The security created by this Mortgage shall be held by the Mortgagee as a continuing security for the payment and performance of the Secured Obligations and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby and thereby secured;
(B) Any settlement or discharge under this Mortgage between the Mortgagee and the Owner shall be conditional upon no security or payment to the Mortgagee or any other Secured Creditor by the Owner or any other Person being avoided or set-aside or ordered to be refunded or reduced by virtue of any provision or enactment relating to bankruptcy, insolvency or liquidation for the time being in force, and if such condition is not satisfied, the Mortgagee shall be entitled to recover from the Owner on demand the value of such security or the amount of any such payment as if such settlement or discharge had not occurred;
(C) The security created by this Mortgage shall be in addition to, and shall not in any way prejudice or affect, and may be enforced by the Mortgagee without prior recourse to, the security created by any of the other Credit Documents, or by any present or future collateral instruments, right or remedy held by or available to the Mortgagee, any of the other Secured Creditors or any Person acting on their behalf or any right or remedy of the Mortgagee, the other Secured Creditors, or any Person acting on their behalf thereunder; and
(D) The rights of the Mortgagee under this Mortgage and the security hereby constituted shall not be prejudiced or affected by any act, omission, matter or thing which, but for this provision, might operate to impair, affect or discharge such rights and security, including without limitation, and whether or not known to or discoverable by the Owner, the Mortgagee, any of the other Secured Creditors or any other Person:
(i) any time or waiver granted to, or composition with, the Owner, the Company, any of the Subsidiary Guarantors or any other Person; or
(ii) the taking, variation, compromise, renewal or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against the Owner, the Company, any of the Subsidiary Guarantors or any other Person; or
(iii) any legal limitation, disability, dissolution, incapacity or other circumstances relating to the Owner, the Company, any of the Subsidiary Guarantors or any other Person; or
(iv) any amendment or suppl...
Covenants Regarding Security Granted Hereunder. It is declared and agreed that:
