Continuous Security Sample Clauses

Continuous Security. The hypothecs created hereby are continuous security and shall subsist notwithstanding any fluctuation of the amounts hereby secured. Any future obligation hereby secured shall be deemed to be one in respect of which the Borrower has once again obligated itself hereunder according to the provisions of article 2797 of the
View SourceView Similar (6)
Continuous Security. The hypothecs created hereby are continuous security and shall subsist notwithstanding any fluctuation of the amounts hereby secured. Any future obligation hereby secured shall be deemed to be one in respect of which the Borrower has once again obligated itself hereunder according to the provisions of article 2797 of the Civil Code of Québec. Any future obligation under a subsequent contract of credit entered into between the Borrower and the Lender will be secured by the hypothecs granted by the Borrower under this Contract, subject to the Borrower’s consent. HYPOTHEC ON RENTS
View SourceView Similar (3)
Continuous Security. The Chargor will, at all times, keep charged and assigned to the Chargee pursuant hereto all Charged Shares and all other shares constituting Collateral, all Dividends and Distributions with respect thereto (save as set out in Section 3.3 or as otherwise permitted by the Credit Agreement) and all other Collateral and other securities, instruments, proceeds and rights from time to time received by or distributable to the Chargor in respect of any Collateral.
View Source

Related to Continuous Security

  • Continuous Service The Parties shall continue providing services to each other during the pendency of any dispute resolution procedure, and the Parties shall continue to perform their obligations (including making payments in accordance with Article IV, Section 4) in accordance with this Agreement.

  • Termination of Continuous Service Except as otherwise provided in this Section 3, the unvested portion of the award shall be forfeited as of the date (the “Termination Date”) that the Grantee actually ceases to provide services to the Company or any Affiliate in any capacity of Employee, Director or Consultant (irrespective of whether the Grantee continues to receive severance or any other continuation payments or benefits after such date) (such cessation of the provision of services by Grantee being referred to as “Service Termination”). A Service Termination shall not occur and Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Subsidiary or Affiliate, or any successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Subsidiary or Affiliate in any capacity of Employee, Director or Consultant.

  • Continuous Pledge Subject to Section 2.4, the Pledgor will, at all times, keep pledged to the Lender pursuant hereto all Pledged Shares and all other shares of capital stock constituting Collateral, all Dividends and Distributions with respect thereto, and all other Collateral and other securities, instruments, proceeds, and rights from time to time received by or distributable to the Pledgor in respect of any Collateral.

  • Calculation of Continuous Service 6.2.1 For the purposes of this Clause (annual leave) service will be deemed to be continuous notwithstanding: 6.2.1.1 Any interruption or termination of the employment by the company if such interruption or termination has been made with the intention of avoiding obligations hereunder in respect of leave of absence;

  • Continuous Employment For purposes of this Agreement, the continuous employment of the Grantee with the Company or a Subsidiary shall not be deemed to have been interrupted, and the Grantee shall not be deemed to have ceased to be an employee of the Company or Subsidiary, by reason of (a) the transfer of the Grantee’s employment among the Company and its Subsidiaries or (b) an approved leave of absence.