Common use of Conditional Discharge Clause in Contracts

Conditional Discharge. Any release, discharge or settlement under this Deed shall be conditional upon no payment or discharge in respect of the Secured Obligations by the Chargor or any other person being avoided, reduced or repaid for any reason and the Lender shall be entitled to enforce this Deed if such condition is not fulfilled as if such release, discharge or settlement had not occurred.

Appears in 6 contracts

Samples: Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.)

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