Potentially Avoided Payments. If the Collateral Agent determines that an amount paid to a Secured Creditor under any Credit Document is being avoided or otherwise set aside on the liquidation or administration of the person by whom such amount was paid, then for the purposes of this Assignment, such amount shall be regarded as not having been paid.
Potentially Avoided Payments. If the Delegate determines that an amount paid to a Secured Creditor under any Credit Document is being avoided or otherwise set aside on the liquidation or administration of the person by whom such amount was paid, then for the purposes of this Assignment, such amount shall be regarded as not having been paid.
Potentially Avoided Payments. If the Security Trustee considers that an amount paid to the Security Trustee or any Secured Party under any Loan Document is capable of being avoided or otherwise set aside on the liquidation or administration of the person by whom such amount is paid, then for the purposes of this Debenture, such amount shall be regarded as not having been paid.
Potentially Avoided Payments. If the Guaranteed Party determines that an amount paid to it under or in relation to the Liabilities is capable of being avoided or otherwise set aside on the liquidation or administration of the person by whom such amount was paid, then for the purposes of this Guarantee, such amount shall be regarded as not having been paid.
Potentially Avoided Payments. If the Administrative Agent considers that an amount paid to the Administrative Agent or any Secured Party under any Loan Document is capable of being avoided or otherwise set aside on the liquidation or administration of the person by whom such amount is paid, then for the purposes of this Mortgage, such shall be regarded as not having been paid.
Potentially Avoided Payments. If any amount that is paid to the Pledgee under any Loan Document is avoided or otherwise set aside on the liquidation, administration, winding-up or other similar proceedings in the jurisdiction of the Pledgor, then such amount shall not be considered to have been finally and irrevocably paid for the purposes hereof.
Potentially Avoided Payments. If the Mortgagee considers in good faith that any amount received in payment or purported payment of the Secured Obligations is capable of being avoided or reduced by virtue of any insolvency, bankruptcy, liquidation, winding up or other similar laws, the liability of the Mortgagor under this Deed and the security created by this Deed and the Mortgage shall continue and such amount shall not be considered to have been irrevocably paid.
Potentially Avoided Payments. If the UK Security Trustee determines that an amount paid to a Secured Party under any Loan Document is capable of being avoided, reduced or otherwise set aside on the liquidation or administration of the person by whom such amount was paid, then for the purposes of this Debenture, such amount shall be regarded as not having been paid and the liability of the Borrower under this Debenture and the Security shall continue.
Potentially Avoided Payments. If the Bank determines, acting reasonably, that an amount paid to the Bank under the Finance Contract is capable of being avoided or otherwise set aside on the liquidation or administration of the person by whom such amount was paid, then for the purposes of this Deed of Guarantee and Indemnity, such amount shall be regarded as not having been paid. If any discharge, release or arrangement (whether in respect of the Guaranteed Sums or any security therefor or otherwise) is made by the Bank in whole or in part on the faith of any payment, security or disposition which is avoided or must be restored in insolvency, liquidation, administration or otherwise, without limitation, then the liability of the Guarantor under this Deed of Guarantee and Indemnity shall continue or be reinstated as if the discharge, release or arrangement had not occurred.
Potentially Avoided Payments. If any of the Secured Parties (acting reasonably) determines that an amount paid to it under any Senior Finance Document is capable of being avoided or otherwise set aside under mandatory applicable law in the liquidation or administration of the person by whom such amount was paid, then for the purposes of this Agreement, such amount shall be regarded as not having been paid.
