Collateral Cumulative. The collateral constituted by this Charge and the Collateral Rights shall be cumulative, in addition to and independent of every other security which Secured Party may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. No prior security held by the Secured Party over the whole or any part of the Charged Portfolio shall merge into the collateral constituted by this Charge.
Appears in 4 contracts
Sources: Shares Purchase Agreement (MIE Holdings Corp), First Amendment and Restatement Agreement (MIE Holdings Corp), Series a Preferred Shares Subscription and Put Option Agreement (MIE Holdings Corp)
Collateral Cumulative. The collateral constituted by this Charge Agreement and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Collateral Agent or any other Secured Party may at any time hold for the Secured Obligations Liabilities or any rights, powers and remedies provided by law. No prior security held by the Collateral Agent or any other Secured Party over the whole or any part of the Charged Portfolio any Deposit shall merge into the collateral constituted by this ChargeAgreement.
Appears in 2 contracts
Sources: Security Over Cash Agreement (Reynolds Group Holdings LTD), Security Over Cash Agreement (Reynolds Group Holdings LTD)
Collateral Cumulative. The collateral constituted by this Charge Agreement and the Collateral Rights shall be cumulative, in addition to and independent of every other security which the Secured Party may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. No prior security held by the Secured Party over the whole or any part of the Charged Portfolio and/or Assigned Property shall merge into the collateral constituted by this ChargeAgreement.
Appears in 1 contract
Sources: Security Over Shares and Security Assignment Agreement (S&t International Distribution Ltd.)