AVOIDANCE OF SECURITY Sample Clauses

AVOIDANCE OF SECURITY. 34.1 No assurance, security or payment which may be avoided under Sections 293 or 294 of the Companies Act 1965 (as may be revised or amended by any statutory modifications) or by any provisions of the Bankruptcy Act 1967 (as may be revised or amended by any statutory modifications) and no release, settlement or discharge which may have been given on the faith of any such assurance, security or payment will prejudice or affect Your right to recover from Us to the full extent of this Guarantee as if such assurance, security, payment, release, settlement or discharge (as the case may be) had never been guaranteed, given or made.

AVOIDANCE OF SECURITY. No Security expressed to be created under this deed is liable to be avoided, or otherwise set aside, on the liquidation or administration of the Recipient or otherwise.

AVOIDANCE OF SECURITY. This Security is not liable to be avoided, or otherwise set aside, on the liquidation or administration of the Chargor or otherwise.

AVOIDANCE OF SECURITY. No Security expressed to be created under this deed is liable to be avoided, or otherwise set aside, on the liquidation or administration of the Chargor or otherwise.

AVOIDANCE OF SECURITY. The Bank's rights to recover from the Borrower the whole of the Indebtedness shall not be affected in any way whatsoever:-

AVOIDANCE OF SECURITY. No assurance, security or payment which may be avoided under the provisions of any relevant laws in any jurisdiction relating to undue or fraudulent preference, and no release, settlement or discharge which may have been given or made on the faith of any such assurance, security or payment, shall prejudice or affect the right of the Chargees, or any of them, to recover from the Chargors to the full extent of all moneys payable by the Chargors in connection with the Transaction Documents, as if such assurance, security, payment, release, settlement, or discharge (as the case may be) had never been granted given or made.

AVOIDANCE OF SECURITY. 35.1 The Bank's rights to recover from the Borrower and/or the Security Party the whole of the Indebtedness shall not be affected in any way whatsoever:- 35.1.1 by any assurance, security or payment which may be avoided under any law relating to winding-up or insolvency; and 35.1.2 by any release, settlement or discharge given or made by the Bank on the basis of such assurance, security or payment; any such release, settlement or discharge shall be taken to have been made on the condition that it will be void if any payment or Security which the Bank may previously have received or may receive after this Agreement in respect of the Indebtedness is set aside under any applicable law or is found to be not valid for any reason whatsoever.

AVOIDANCE OF SECURITY. No Encumbrance expressed to be created under this mortgage is liable to be avoided, or otherwise set aside, on the bankruptcy of the Borrowers or otherwise.

AVOIDANCE OF SECURITY. No Encumbrance expressed to be created pursuant to this debenture is liable to be avoided or otherwise set aside on the liquidation or administration of the Borrower or otherwise.

AVOIDANCE OF SECURITY. No assurance, security or payment which may be avoided under the Companies Act, Chapter 50 Singapore or under any other provision or enactment of any jurisdiction relating to bankruptcy, winding up, insolvency or any analogous proceedings and no release, settlement, discharge or arrangement which may has been given or made on the faith of any such assurance, security or payment shall prejudice or affect the right of the Lender to enforce the security provided hereunder to the full extent or to recover from the Chargor to the full extent as provides, for hereunder as if such payment, release, settlement, discharge or arrangement (as the case may bet had never been granted, given or made: and any such release, settlement, discharge or arrangement shall (as between the Lender and the Chargor) be deemed to have been granted, given or made upon the express condition that it shall be wholly void and of no effect if the pay merit on the faith of which it was granted, given or made shall at any time thereafter be void under any such provision as referred to above so that thereafter the Lender shall be entitled to exercise all their rights hereunder against the Charger as if such release, settlement, discharge or arrangement had never been granted, given or made. If in the Lender's reasonable opinion there is a possibility that any such payment, release, settlement, discharge or arrangement may be void or avoided, the Lender shall be at liberty at its absolute discretion to retain the security so created as security for the Total Indebtedness for a period of six months after the Total Indebtedness have been paid in