Common use of Guarantee not affected by other security Clause in Contracts

Guarantee not affected by other security. This Guarantee shall not impair, nor be impaired by, any other guarantee, any Security Interest or any right of set-off or netting or to combine accounts which the Security Trustee or any other Creditor Party may now or later hold in connection with the Loan Agreement, the Master Agreement or any other Finance Document.

Appears in 1 contract

Samples: Guarantee (Pyxis Tankers Inc.)

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Guarantee not affected by other security. This Guarantee is in addition to and shall not impair, nor be impaired by, any other guarantee, any Security Interest or any right of set-off or netting or to combine accounts which the Security Trustee or any other Creditor Secured Party may now or later hold in connection with the Loan Agreement, . Guarantor bound by Loan Agreement The Guarantor agrees with the Master Security Trustee to be bound by all provisions of the Loan Agreement or which are applicable to the Security Parties in the same way as if those provisions had been set out (with any other Finance Documentnecessary modifications) in this Guarantee.

Appears in 1 contract

Samples: Guarantee (Prestige Cruises International, Inc.)

Guarantee not affected by other security. This Guarantee shall not impair, nor be impaired by, any other guarantee, any Security Interest or any right of set-off or netting or to combine accounts which the Security Trustee or any other Creditor Party may now or later hold in connection with the Loan Agreement, Agreement or the Master Agreement or any other Finance DocumentAgreements.

Appears in 1 contract

Samples: Shareholder Guarantee (Britannia Bulk Holdings Inc)

Guarantee not affected by other security. This Guarantee shall not impair, nor be impaired by, any other guarantee, any Security Interest or any right of set-off or netting or to combine accounts which the Security Trustee or any other Creditor Party may now or later hold in connection with the Loan Agreement and/or any Master Agreement, the Master Agreement or any other Finance Document.

Appears in 1 contract

Samples: Guarantee (Euronav NV)

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Guarantee not affected by other security. This Guarantee shall not impair, nor be impaired by, any other guarantee, any Security Interest or any right of set-off or netting or to combine accounts which the Security Trustee or any other Creditor Party may now or later hold in connection with the Loan Agreement, Agreement or the Master Agreement or any other Finance DocumentAgreement.

Appears in 1 contract

Samples: Guarantee (TBS International PLC)

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