Common use of Nature of security Clause in Contracts

Nature of security. Each Chargor represents to each Senior Lender that this Deed creates those Security Interests it purports to create and is not liable to be amended or otherwise set aside on its liquidation or administration or otherwise.

Nature of security. Each The Chargor represents to each Senior the Lender that this Deed creates those Security Interests it purports to create and is not liable to be amended or otherwise set aside on its liquidation or administration judicial management or otherwise.