Principal obligations. The Security and each Collateral Security is: (a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
Appears in 2 contracts
Samples: General Security Agreement (Discovery Energy Corp.), General Security Agreement (Discovery Energy Corp.)
Principal obligations. The Security and each Collateral Security is:
: (a) a principal obligation and is not ancillary or collateral to any other Encumbrance Security Interest (other than another Collateral Security) or other obligation; andand (b) independent of, and unaffected by, any other Security Interest or other obligation which the Security Trustee may hold at any time in respect of the Secured Moneys.
Appears in 1 contract
Samples: Security Agreement (Legend International Holdings Inc)
Principal obligations. The Security and each Collateral Each Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) Security Interest or other obligationobligation however created; and
(b) independent of, and unaffected by, any other Security Interest or other obligation however created which any Participant may hold in respect of the Secured Money.
Appears in 1 contract
Samples: Gruyere Project Joint Venture Agreement (Gold Fields LTD)
Principal obligations. β The Security and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
(b) independent of, and unaffected by, any other Encumbrance or other obligation which the State may hold at any time in respect of the Secured Moneys.
Appears in 1 contract
Samples: General Security Agreement
