Common use of Release of Charge Conditional Clause in Contracts

Release of Charge Conditional. Any release, settlement or discharge given ----------------------------- or made by the Security Agent in consideration for any assurance, security, disposition or payment made by an Obligor or any other person shall be conditional upon such assurance, security, disposition or payment not being void, voidable, set aside or ordered to be refunded for any reason whatsoever under any law (including, without limitation, under any law relating to preferences, bankruptcy, insolvency, administration or winding up). If such condition is not fulfilled:

Release of Charge Conditional. Any release, settlement or discharge given ----------------------------- or made by the Security Agent in consideration for any assurance, security, disposition or payment made by an Obligor the Company or any other person shall be conditional upon such assurance, security, disposition or payment not being void, voidable, set aside or ordered to be refunded for any reason whatsoever under any law (including, without limitation, under any law Credit Agreement dated October 30, 2000 Schedule 7 relating to preferences, bankruptcy, insolvency, administration or winding up). If such condition is not fulfilled:

Release of Charge Conditional. Any release, settlement or discharge given ----------------------------- or made by the Security Agent in consideration for any assurance, security, disposition or payment made by an Obligor the Company or any other person shall be conditional upon such assurance, security, disposition or payment not being void, voidable, set aside or ordered to be refunded for any reason whatsoever under any law (including, without limitation, under any law Facility Agreement dated October 30, 2000 Schedule 6 relating to preferences, bankruptcy, insolvency, administration or winding up). If such condition is not fulfilled: