Common use of Security in Addition Clause in Contracts

Security in Addition. The security hereby constituted is not in substitution for any other security for the Liabilities or for any other agreement between the parties creating a security interest in all or part of the Collateral, whether heretofore or hereafter made, and such security and such agreements shall be deemed to be continued and not affected hereby unless expressly provided to the contrary in writing and signed by the Lender and the Grantor. The taking of any action or proceedings or refraining from so doing, or any other dealing with any other security for the Liabilities or any part thereof, shall not release or affect the security interest created by this Security Agreement and the taking of the security interest hereby created or any proceedings hereunder for the realization of the security interest hereby created shall not release or affect any other security held by the Lender for the repayment of or performance of the Liabilities.

Appears in 3 contracts

Samples: Loan and Security Agreement (Anthony Clark International Insurance Brokers LTD), Credit Agreement (Anthony Clark International Insurance Brokers LTD), General Security Agreement (Anthony Clark International Insurance Brokers LTD)

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Security in Addition. The security hereby constituted is not in substitution for any other security for the Liabilities Obligations or for any other agreement between the parties creating a security interest in all or part of the Collateral, whether heretofore or hereafter made, and such security and such agreements shall be deemed to be continued and not affected hereby unless expressly provided to the contrary in writing and signed by the Lender and the GrantorDebtor. The taking of any action or proceedings or refraining from so doing, or any other dealing with any other security for the Liabilities Obligations or any part thereof, shall not release or affect the security interest created by this Security Agreement and the taking of the security interest hereby created or any proceedings hereunder for the realization of the security interest hereby created shall not release or affect any other security held by the Lender for the repayment of or performance of the LiabilitiesObligations.

Appears in 2 contracts

Samples: General Security Agreement (Tarpon Industries, Inc.), General Security Agreement (Tarpon Industries, Inc.)

Security in Addition. The security hereby constituted is not in substitution for any other security for the Liabilities Obligations or for any other agreement between the parties creating a security interest in all or part of the Collateral, whether heretofore or hereafter made, and such security and such agreements shall be deemed to be continued and not affected hereby unless expressly provided to the contrary in writing and signed by the Lender Agent and the GrantorDebtor. The taking of any action or proceedings or refraining from so doing, or any other dealing with any other security for the Liabilities Obligations or any part thereof, shall not release or affect the security interest created by this General Security Agreement and the taking of the security interest hereby created or any proceedings hereunder for the realization of the security interest hereby created shall not release or affect any other security held by the Lender Agent for the repayment of or performance of the LiabilitiesObligations.

Appears in 1 contract

Samples: General Security Agreement (Nexeo Solutions Finance Corp)

Security in Addition. The security hereby constituted is not in substitution for any other security for the Liabilities Obligations or for any other agreement between the parties creating a security interest or hypothec in all or part of the Collateral, whether heretofore or hereafter made, and such security and such agreements shall be deemed to be continued and not affected hereby unless expressly provided to the contrary in writing and signed by the Lender and the GrantorDebtor. The taking of any action or proceedings or refraining from so doing, or any other dealing with any other security for the Liabilities Obligations or any part thereof, shall not release or affect the security interest created by this Security Agreement and the taking of the security interest hereby created or any proceedings hereunder for the realization of the security interest hereby created shall not release or affect any other security held by the Lender for the repayment of or performance of the LiabilitiesObligations.

Appears in 1 contract

Samples: General Security Agreement (Maxim Mortgage Corp/)

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Security in Addition. The security hereby constituted is not in substitution for any other security for the Liabilities Secured Obligations or for any other agreement between the parties creating a security interest in all or part of the Collateral, whether heretofore or hereafter made, and such security and such agreements shall be deemed to be continued and not affected hereby unless expressly provided to the contrary in writing and signed by the Lender Agent and the GrantorDebtor. The taking of any action or proceedings or refraining from so doing, or any other dealing with any other security for the Liabilities Secured Obligations or any part thereof, shall not release or affect the security interest created by this General Security Agreement and the taking of the security interest hereby created or any proceedings hereunder for the realization of the security interest hereby created shall not release or affect any other security held by the Lender Agent for the repayment of or performance of the LiabilitiesSecured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Michaels Stores Inc)

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