Common use of Amounts Avoided Clause in Contracts

Amounts Avoided. If any amount paid by the Chargor in respect of the Secured Obligations is capable of being avoided or set aside on the liquidation or administration of the Chargor or otherwise, then for the purposes of this Deed that amount shall not be considered to have been paid.

Appears in 4 contracts

Samples: Share Charge and Receivables Assignment Agreement, Deed of Charge, Share Charge and Receivables Assignment Agreement

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Amounts Avoided. If any amount paid by the Chargor in respect of the Secured Obligations is capable of being avoided or set aside on the liquidation or administration of the Chargor or otherwise, then for the purposes of this Deed Debenture that amount shall not be considered to have been paid.

Appears in 3 contracts

Samples: Debenture, Debenture, Debenture

Amounts Avoided. If any amount paid by the Chargor in respect of the Secured Obligations is capable of being avoided or set aside on the liquidation or administration of the 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 and until such amount is so avoided or set aside.

Appears in 1 contract

Samples: Security Agreement (Fosun International LTD)

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Amounts Avoided. If any amount paid by the Chargor in respect of the Secured Obligations is capable of being avoided or set aside on the liquidation or administration of the Chargor or otherwise, then for the purposes of this Deed Debenture 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.

Appears in 1 contract

Samples: Debenture (Consolidated Water Co LTD)

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