Common use of Retention of Security Clause in Contracts

Retention of Security. If the Security Agent considers that any amount paid or credited to any Finance Party under any Finance Document is capable of being avoided or otherwise set aside on the Winding-up of the Assignor or any other person, or otherwise, that amount shall not be considered to have been paid for the purposes of determining whether all the Liabilities have been irrevocably paid.

Retention of Security. If the Security Agent considers that any amount paid or credited to any Finance Secured Party I under any Finance Document is capable of being avoided or otherwise set aside on the Winding-up of the Assignor or any other person, or otherwiseaside, that amount shall not be considered to have been paid for the purposes of determining whether all the Secured Liabilities I have been irrevocably paid.

Retention of Security. If the Security Agent considers that any amount paid or credited to any Finance Secured Party II under any Finance Document is capable of being avoided or otherwise set aside on the Winding-up of the Assignor or any other person, or otherwiseaside, that amount shall not be considered to have been paid for the purposes of determining whether all the Secured Liabilities II have been irrevocably paid.