Continuing and Independent Security. The Assignment shall be continuing and independent security for the Secured Liabilities and shall not be satisfied, discharged or affected by any intermediate payment or settlement of account (whether or not any Secured Liabilities remain outstanding thereafter) or any other matter or thing whatsoever.
Appears in 3 contracts
Sources: Accounts Assignment (Chaparral Resources Inc), Accounts Assignment (Chaparral Resources Inc), Accounts Assignment (Chaparral Resources Inc)