Reinstatement of rights of Secured Party. If a transaction or payment relating to the Secured Obligations is void, voidable or otherwise unenforceable or refundable: (a) the Secured Party is entitled against the Grantor to all Powers under this Deed that it would have had if the transaction or payment had not occurred or been made; and (b) the Grantor must do all things and sign such documents necessary to restore to the Secured Party the Encumbrance under this Deed and its Powers under this Deed immediately before that transaction or payment.
Appears in 4 contracts
Samples: Specific Security Agreement, User Funding β Specific Security Agreement, User Funding β Specific Security Agreement
