Common use of DISCHARGE CONDITIONAL Clause in Contracts

DISCHARGE CONDITIONAL. 8.1 Any release, discharge or settlement between the Guarantor and the Lender in relation to this guarantee shall be conditional on no right, Security, disposition or payment to the Lender by the Guarantor, the Borrower or any other person in respect of the Guaranteed Obligations being avoided, set aside or ordered to be refunded pursuant to 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. 8.2 If any right, Security, disposition or payment referred to in clause 8.1 is avoided, set aside or ordered to be refunded, the Lender 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.

DISCHARGE CONDITIONAL. 8.1 7.1 Any release, discharge or settlement between the Guarantor and the Lender Secured Parties in relation to this guarantee shall be conditional on no right, Security, disposition or payment to the Lender Agent by the Guarantor, the Borrower or any other person in respect of the Guaranteed Obligations Liabilities being avoided, set aside or ordered to be refunded pursuant to 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. 8.2 7.2 If any right, Security, disposition or payment referred to in clause 8.1 Clause 7.1 is avoided, set aside or ordered to be refunded, the Lender Secured Parties 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.

DISCHARGE CONDITIONAL. 8.1 Any release, discharge or settlement between the Guarantor and the Lender in relation to this guarantee Guarantee shall be conditional on no right, Security, disposition or payment to the Lender by the Guarantor, the Borrower or any other person in respect of the Guaranteed Obligations being avoided, set aside or ordered to be refunded pursuant to 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. 8.2 If any right, Security, disposition or payment referred to in clause 8.1 is avoided, set aside or ordered to be refunded, the Lender shall be entitled subsequently to enforce this guarantee 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.

DISCHARGE CONDITIONAL. 8.1 7.1 Any release, discharge or settlement between the Guarantor and the Lender a Beneficiary in relation to this guarantee Guarantee shall be conditional on no right, Securitysecurity, disposition or payment to the Lender that Beneficiary by the Guarantor, the Borrower relevant Guaranteed Company or any other person in respect of the relevant Guaranteed Obligations being avoided, set aside or ordered to be refunded pursuant to 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. 8.2 7.2 If any right, Securitysecurity, disposition or payment referred to in clause 8.1 Clause 7.1 is avoided, set aside or ordered to be refunded, the Lender each Beneficiary shall be entitled subsequently to enforce this guarantee Guarantee against the Guarantor as if such release, discharge or settlement had not occurred and any such right, Securitysecurity, disposition or payment had not been given or made.