Non-avoidance. If any payment by the Grantor to the Secured Party is at any time avoided for any reason including any legal limitation, disability or incapacity of or affecting the Grantor or any other thing, and whether or not: (a) any transaction relating to the Secured Moneys was illegal, void or substantially avoided; or (b) any thing was or ought to have been within the knowledge of the Secured Party, the Grantor: (c) as an additional, separate and independent obligation, indemnifies the Secured Party against that avoided payment; and (d) acknowledges that any liability of the Grantor under the Finance Documents and any Power is the same as if that payment had not been made.
Appears in 4 contracts
Samples: Specific Security Agreement (Shares) (Discovery Energy Corp.), General Security Agreement (Discovery Energy Corp.), Specific Security Agreement (Shares) (Discovery Energy Corp.)
