Common use of Security Unaffected Clause in Contracts

Security Unaffected. The obligations under, and the security created by, the Security Documents shall continue in full force and effect and are not and will not be prejudiced, affected or discharged by the assignment of rights or transfer by novation any of rights and obligations of the existing Lender in favour of the new Lender.

Appears in 2 contracts

Sources: Credit Facility Agreement, Facility Agreement (Fabrinet)