Common use of Nature of Security Interests Clause in Contracts

Nature of Security Interests. All Security Interests that have been or may be created in favour of the Creditor for payment and performance of the Secured Liabilities shall be independent of one another. For the avoidance of doubt, it is hereby clarified that this Debenture is in addition to the Debenture – Fixed Charge (and in no manner in lieu thereof or replacement thereto), and in addition to the Debenture – Fixed Charged (IP) (and in no manner in lieu thereof or replacement thereto), and each of this Debenture, the Debenture – Fixed Charge and the Debenture – Fixed Charge (IP) shall independently serve as aforesaid to secure the Secured Liabilities in their entirety. Without derogating from the generality of the foregoing or from any other right of the Creditor, the Creditor shall have the right to act on this Debenture, on the Debenture – Fixed Charge, or on the Debenture Fixed Charged (IP) or on all three, in each case in connection with the Security Interest created by each (including, without limitation, with respect to any and all assets, properties and rights subject to both this Debenture and the Debenture- Fixed Charge); and no action or omission relating to any such Security Interest shall prevent or estop the Creditor from invoking such other Security Interest, at the same time or subsequently.

Nature of Security Interests. All Security Interests that have been or may be created in favour of the Creditor for payment and performance of the Secured Liabilities shall be independent of one another. For the avoidance of doubt, it is hereby clarified that this Debenture is in addition to the Debenture – Fixed Floating Charge (and in no manner in lieu thereof or replacement thereto), and in addition to the Debenture – Fixed Charged (IP) (and in no manner in lieu thereof or replacement thereto), and each of this Debenture, the Debenture – Fixed –Floating Charge and the Debenture – Fixed Charge (IP) shall independently serve as aforesaid to secure the Secured Liabilities in their entirety. Without derogating from the generality of the foregoing or from any other right of the Creditor, the Creditor shall have the right to act on this Debenture, on the Debenture – Fixed Floating Charge, or on the Debenture Fixed Charged (IP) or on all three, in each case in connection with the Security Interest created by each (including, without limitation, with respect to any and all assets, properties and rights subject to both this Debenture and the Debenture- Fixed Floating Charge); and no action or omission relating to any such Security Interest shall prevent or estop the Creditor from invoking such other Security Interest, at the same time or subsequently.

Nature of Security Interests. All Security Interests that have been or may be created in favour of the Creditor for payment and performance of the Secured Liabilities shall be independent of one another. For the avoidance of doubt, it is hereby clarified that this Debenture is in addition to the Debenture – Fixed Floating Charge (and in no manner in lieu thereof or replacement thereto), and in addition to the Debenture – Fixed Charged (IP) (and in no manner in lieu thereof or replacement thereto), and each of this Debenture, the Debenture – Fixed Floating Charge and the Debenture – Fixed Charge (IP) shall independently serve as aforesaid to secure the Secured Liabilities in their entirety. Without derogating from the generality of the foregoing or from any other right of the Creditor, the Creditor shall have the right to act on this Debenture, on the Debenture – Fixed Floating Charge, or on the Debenture Fixed Charged (IP) or on all three, in each case in connection with the Security Interest created by each (including, without limitation, with respect to any and all assets, properties and rights subject to both this Debenture and the Debenture- Fixed Floating Charge); and no action or omission relating to any such Security Interest shall prevent or estop the Creditor from invoking such other Security Interest, at the same time or subsequently.