Protection of Debt upon Turnover Sample Clauses

Protection of Debt upon Turnover. If a Party is obliged to pay an amount to the Security Agent in accordance with this Clause 8, the relevant Debt in respect of which the Party made such payment to the Security Agent will be deemed not to have been reduced or discharged in any way or to any extent by the relevant payment.
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Protection of Debt upon Turnover. If a Transaction Party is obliged to pay an amount in accordance with Clause 5.1 (Turnover by the Transaction Parties) (as applicable), the relevant Debt in respect of which the relevant Debtor made such payment will be deemed not to have been reduced or discharged in any way or to any extent by the relevant payment.
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