Effectiveness of Security. 12.1 The security created by this Assignment and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Assignee may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. No prior security held by the Assignee over the whole or any part of the Assigned Property shall merge into the security constituted by this Assignment.
Appears in 3 contracts
Samples: www.sec.gov, Eggborough Power (British Energy Group PLC), British Energy Group PLC
Effectiveness of Security. 12.1 The security created by this Assignment and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Assignee Security Trustee may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. No prior security held by the Assignee Security Trustee over the whole or any part of the Assigned Property shall merge into the security constituted by this Assignment.
Appears in 2 contracts
Samples: And Restatement Agreement (MIE Holdings Corp), MIE Holdings Corp
