Effectiveness of Security. 10.1 This Charge Agreement shall be in addition to and shall be independent of every other security which you may at any time hold for any of the Obligations. No prior security held by you over the whole or any part of the Charged Portfolio shall merge in the security hereby constituted. 10.2 Nothing contained in this Charge Agreement is intended to, or shall operate so as to, prejudice or affect any ▇▇▇▇, note, guarantee, mortgage, pledge, charge or other security of any kind whatsoever which you may have for the Obligations or any of them or any right, remedy or privilege of yours thereunder.
Appears in 3 contracts
Sources: Exhibit Agreement (Ace LTD), Exhibit (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)