Common use of Indemnity Obligations Secured by Collateral; Survival Clause in Contracts

Indemnity Obligations Secured by Collateral; Survival. Any amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement shall constitute Secured Obligations secured by the Collateral. The indemnity obligations of each Grantor contained in this Article X shall continue in full force and effect notwithstanding the full payment and performance of the Secured Obligations and notwithstanding the discharge thereof.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Flag Telecom Group LTD), Security and Pledge Agreement (Flag Telecom Holdings LTD), Security and Pledge Agreement (Flag Telecom Holdings LTD)

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Indemnity Obligations Secured by Collateral; Survival. Any amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement shall constitute Secured Obligations secured by the Collateral. The indemnity obligations of each Grantor the Grantors contained in this Article X shall continue in full force and effect notwithstanding the full payment and performance of the Secured Obligations and notwithstanding the discharge thereof.. 257

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/)

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Indemnity Obligations Secured by Collateral; Survival. Any amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement shall constitute Secured Obligations secured by the Collateral. The indemnity obligations of each Grantor the Debtor contained in this Article X VII shall continue in full force and effect notwithstanding the full payment and performance of the Secured all other Obligations and notwithstanding the discharge thereof.

Appears in 1 contract

Samples: General Security Agreement (Harris Corp /De/)

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