Common use of Protective Clauses Clause in Contracts

Protective Clauses. Without limiting Clause 17.1, neither the liability of the Company nor the validity or enforceability of this Deed shall be prejudiced, affected or discharged by :- (a) any other Encumbrance, guarantee or other security or right or remedy being or becoming held by or available to the Bank or by any of the same being or becoming wholly or partly void, voidable, unenforceable or impaired or by the Bank at any time releasing, refraining from enforcing, varying or in any other way dealing with any of the same or any power, right or remedy the Bank may now or hereafter have from or against the Company or any other person or the granting of any time or indulgence to the Company or any other person; (b) any variation or modification of the Facility Agreement or security document to which the Company is a party or any Finance Document; (c) the invalidity or unenforceability of any obligation or liability of the Company under any facility letter or security document to which it is a party or any Finance Document; (d) any invalidity or irregularity in the execution of this Deed or any loan agreement or other security document or any deficiency in the powers of the Company to enter into or perform any of its obligations hereunder or under any loan agreement or other security document to which it is a party or any Finance Document; or (e) any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Deed or the liability of the Company hereunder.

Appears in 2 contracts

Samples: Deed of Charge of Inventories (ECMOHO LTD), Deed of Charge of Inventories (ECMOHO LTD)

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Protective Clauses. Without limiting Clause 17.115.1, neither the liability of the Company Borrower nor the validity or enforceability of this Deed shall be prejudiced, affected or discharged by by:- (a) any other EncumbranceCharge, guarantee or other security or right or remedy being or becoming held by or available to the Bank Agent or any Lender or by any of the same being or becoming wholly or partly void, voidable, unenforceable or impaired or by the Bank Agent or any Lender at any time releasing, refraining from enforcing, varying or in any other way dealing with any of the same or any power, right or remedy the Bank Agent or any Lender may now or hereafter have from or against the Company Borrower or any other person or the granting of any time or indulgence to the Company Borrower or any other person; (b) any variation or modification of the Facility Agreement or security document to which Loan Agreement, any of the Company is a party Security Documents or any Finance Documentother document referred to therein; (c) the invalidity or unenforceability of any obligation or liability of the Company Borrower under the Loan Agreement or any facility letter or security document of the Security Documents to which it is a party or any Finance Documentparty; (d) any invalidity or irregularity in the execution of this Deed or the Loan Agreement or any loan agreement or of the other security document Security Documents or any deficiency in the powers of the Company Borrower to enter into or perform any of its obligations hereunder or under the Loan Agreement or any loan agreement or of the other security document Security Documents to which it is a party or any Finance Documentparty; or (e) any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Deed or the liability of the Company Borrower hereunder.

Appears in 1 contract

Samples: Revolving Credit Facility (Zindart LTD)

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Protective Clauses. Without limiting Clause 17.116.1, neither the liability of the Company nor the validity or enforceability of this Deed shall be prejudiced, affected or discharged by by:- (a) any other EncumbranceCharge, guarantee or other security or right or remedy being or becoming held by or available to the Bank Holder or by any of the same being or becoming wholly or partly void, voidable, unenforceable or impaired or by the Bank Holder at any time releasing, refraining from enforcing, varying or in any other way dealing with any of the same or any power, right or remedy the Bank Holder may now or hereafter have from or against the Company or any other person or the granting of any time or indulgence to the Company or any other person; (b) any variation or modification of the Facility Agreement or security document to which Investment Agreement, any of the Company is a party other Transaction Documents or any Finance Documentother document referred to therein; (c) the invalidity or unenforceability of any obligation or liability of the Company under the Investment Agreement or any facility letter or security document other Transaction Document to which it Company is a party or any Finance Documentparty; (d) any invalidity or irregularity in the execution of this Deed or the Investment Agreement or any loan agreement or other security document Transaction Document or any deficiency in the powers of the Company to enter into or perform any of its obligations hereunder or under any loan agreement thereunder; (e) the insolvency or other security document to which it is a party liquidation or any Finance Documentincapacity, disability or limitation or any change in the constitution or status of Company; or (ef) any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Deed or the liability of the Company hereunder.

Appears in 1 contract

Samples: Investment Agreement (Gottschalks Inc)

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