Common use of Security Additional Clause in Contracts

Security Additional. The Charge and the rights given to the Collateral Agent under this Deed shall be in addition to and shall be independent of every guarantee, indemnity or other security which the Collateral Agent may at any time hold for the Secured Indebtedness and it is hereby declared that no prior security held by the Collateral Agent over the whole or any part of the Charged Property shall merge in the Charge.

Appears in 2 contracts

Samples: 3com Corp, 3com Corp

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Security Additional. The Charge Security and the rights given to the Collateral Agent under this Deed Fixed and Floating Charge shall be in addition to and shall be independent of every guarantee, indemnity or other security which the Collateral Agent may at any time hold for the Secured Indebtedness and it is hereby declared that no prior security held by the Collateral Agent over the whole or any part of the Charged Property shall merge in the ChargeSecurity.

Appears in 1 contract

Samples: 3com Corp

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Security Additional. The Charge Mortgage and the rights given to the Collateral Agent under this Deed shall be in addition to and shall be independent of every guarantee, indemnity or other security which the Collateral Agent may at any time hold for the Secured Indebtedness and it is hereby declared that no prior security held by the Collateral Agent over the whole or any part of the Charged Mortgaged Property shall merge in the ChargeMortgage.

Appears in 1 contract

Samples: 3com Corp

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