Common use of Conditions of Release Clause in Contracts

Conditions of Release. Any release, discharge or settlement under this Deed shall be conditional upon no security, disposition or payment of any principal and interest or other money by the Chargor or any other person being avoided, reduced or repaid for any reason and if such condition is not fulfilled, the Security Trustee shall be entitled to enforce this Deed as if such release, discharge or settlement had not occurred.

Appears in 4 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

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