Common use of Security Effective Notwithstanding Date of Advance Clause in Contracts

Security Effective Notwithstanding Date of Advance. The Security shall be effective and the undertakings in this Agreement and the other Loan Documents with respect thereto shall be continuing, whether the monies hereby or thereby secured or any part thereof shall be advanced before or after or at the same time as the creation of any such Security or before or after or upon the date of execution of this Agreement. The Security shall not be affected by any payments on this Agreement or any of the other Loan Documents, but shall constitute continuing security to and in favour of the Lender for the Obligations from time to time.

Appears in 4 contracts

Samples: Loan Agreement, Credit Agreement (CRH Medical Corp), Credit Agreement (CRH Medical Corp)

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Security Effective Notwithstanding Date of Advance. The Security shall will be effective and the undertakings in obligations under this Agreement and the other Loan Documents with respect thereto shall will be continuing, whether the monies hereby or thereby secured or any part thereof shall be is advanced before or after or at the same time as the creation of any such Security or before or after or upon the date of execution of this Agreement. The Security shall will not be affected by any payments on this Agreement in respect of the Notes or any of the other Loan Documents, but shall will constitute continuing security to and in favour of the Lender Security Agent, for and on behalf of the Holders, for the Obligations from time to time.

Appears in 3 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Arkados Group, Inc.), Note Purchase Agreement

Security Effective Notwithstanding Date of Advance. The Security shall be effective and the undertakings in this Agreement and the other Loan Documents with respect thereto shall be continuing, whether the monies hereby or thereby secured or any part thereof shall be advanced before or after or at the same time as the creation of any such Security or before or after or upon the date of execution of this Agreement. The Security shall not be affected by any payments on under this Agreement or any of the other Loan Documents, but shall constitute continuing security to and in favour of the Lender Administrative Agent for the benefit of the Lenders for the Obligations from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Pretium Resources Inc.), Credit Agreement

Security Effective Notwithstanding Date of Advance. The Security shall be effective and the undertakings in this Agreement and the other Loan Documents with respect thereto shall be continuing, whether the monies hereby or thereby secured or any part thereof shall be advanced before or after or at the same time as the creation of any such Security or before or after or upon the date of execution of this Agreement. The Security shall not be affected by any payments on under this Agreement or any of the other Loan Documents, Documents but shall constitute continuing security to and in favour of the Lender Administrative Agent for the benefit of the Lenders for the Obligations from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Skeena Resources LTD), Credit Agreement (Solaris Resources Inc.)

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Security Effective Notwithstanding Date of Advance. The Security shall be effective and the undertakings in this Agreement and the other Loan Documents with respect thereto shall be continuing, whether the monies hereby or thereby secured or any part thereof shall be advanced before or after or at the same time as the creation of any such Security or before or after or upon the date of execution of this Agreement. The Security shall not be affected by any payments on this Agreement or any of the other Loan Documents, but shall constitute continuing security to and in favour of the Lender Lender, for the Obligations from time to time.

Appears in 1 contract

Samples: Loan Agreement (Rubicon Minerals Corp)

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