Common use of Security Unaffected Clause in Contracts

Security Unaffected. Security created by the Borrower shall continue to remain unaffected by reason of the Facilities Account being brought to credit or ceasing to be in debit due to set off of amounts standing to the credit of any account(s) of the Borrower at any time or of its being drawn upon to the full extent and afterwards being brought to credit, and shall continue to be in full force and effect until the payment of all monies due under the Facilities and the Facilities are terminated.

Security Unaffected. Security created by the Borrower shall continue to remain unaffected by reason of the Facilities Account being brought to credit or ceasing to be in debit due to set off of amounts standing to the credit of any account(s) of the Borrower at any time or of its being drawn upon to the full extent and afterwards being brought to credit, and shall continue to be in full force and effect until the payment of all monies due moniesdue under the Facilities and the Facilities are terminated.