Amounts Avoided Clause Samples

Amounts Avoided. (a) If any payment by the Chargor or any discharge, arrangement or release given by a Secured Party (whether in respect of the obligations of any Debtor or any security for those obligations or otherwise) is avoided or reduced as a result of insolvency or any similar event: (i) the liability of the Chargor and the relevant security shall continue as if the payment, discharge, release, avoidance or reduction had not occurred; and (ii) the relevant Secured Party shall be entitled to recover the value or amount of that security or payment from the Chargor, as if the payment, discharge, avoidance or reduction had not occurred. (b) The Security Agent may concede or compromise any claim that any payment, security or other disposition is liable to avoidance or restoration.

Amounts Avoided. If any amount paid in respect of the Indebtedness is capable of being avoided or set aside, then for the purposes of this deed that amount shall not be considered to have been paid.

Amounts Avoided. If the Security Agent considers that any amount paid by a Chargor in respect of the Secured Obligations is capable of being avoided, reduced or set aside on the liquidation, insolvency or administration of the relevant Chargor or otherwise, then for the purposes of this Deed that amount shall not be considered to have been paid. No interest shall accrue on any such amount, unless, until and to the extent that such amount is so avoided, reduced or set aside.

Amounts Avoided. If any amount paid by the Pledgor in respect of the Secured Claims is capable of being avoided or set aside on the liquidation or administration of the Pledgor or otherwise, then for the purposes of this Agreement that amount shall not be considered to have been paid. No interest shall accrue on any such amount, unless and until such amount is so avoided or set aside.

Amounts Avoided. If any amount paid by the Chargor or any other Finance Party in respect of the Secured Obligations is reasonably expected to be avoided, reduced or set aside by virtue of any bankruptcy, insolvency, liquidation or administration of the Chargor or such other Finance Party or otherwise, then for the purposes of this Debenture that amount shall not be considered to have been paid and the liability of the Chargor under this Debenture and the Transaction Security constituted by this Debenture shall continue. No interest shall accrue on any such amount, unless and until such amount is so avoided or set aside.

Amounts Avoided. If any amount paid by the Mortgagor in respect of the Money Owing is capable of being avoided or set aside on the liquidation or administration of the Mortgagor or otherwise, then for the purposes of this document that amount will not be considered to have been paid.