Common use of Security becoming unenforceable Clause in Contracts

Security becoming unenforceable. If any security or guarantee of the Loan becomes unenforceable or infructuous or is challenged by the Borrower/s and/or Guarantor or any other person.

Security becoming unenforceable. If any security or guarantee of for the Loan becomes unenforceable or infructuous or is challenged by the Borrower/s and/or Guarantor Borrower or any other personperson or the Borrower fails / fails to ensure the perfection of the Security being offered and created.