Common use of DISCHARGE CONDITIONAL Clause in Contracts

DISCHARGE CONDITIONAL. 6.1 Any release, discharge or settlement between the Guarantor and the Provider in relation to this guarantee shall be conditional on no right, Security, disposition or payment to the Provider by the Guarantor, the Resident or any other person in respect of the Guaranteed Obligations being avoided, set aside or ordered to be refunded under any enactment or law relating to breach of duty by any person, bankruptcy, liquidation, administration, protection from creditors generally or insolvency or for any other reason. 6.2 If any right, Security, disposition or payment referred to in Clause 6.1 is avoided, set aside or ordered to be refunded, the Provider shall be entitled subsequently to enforce this guarantee against the Guarantor as if such release, discharge or settlement had not occurred and any such right, Security, disposition or payment had not been given or made.