Common use of Nature of security Clause in Contracts

Nature of security. The Chargor represents and warrants to the Lenders and the Security Agent that this Deed creates the Security it purports to create and is not liable to be amended or otherwise set aside on the bankruptcy of the Chargor or otherwise.

Nature of security. The Chargor represents and warrants to the Lenders and the Security Agent Chargee that this Deed creates the Security it purports to create and is not liable to be amended or otherwise set aside on the bankruptcy of the Chargor or otherwise.