Settlements conditional. Any release, discharge or settlement between the Chargor and the Security Trustee shall be conditional upon no security, disposition or payment to the Security Trustee or any of the Beneficiaries by the Chargor or any other person being void, set aside or ordered to be refunded pursuant to any enactment or law relating to bankruptcy, liquidation, administration or insolvency or for any other reason whatsoever and if such condition shall not be fulfilled the Security Trustee shall be entitled to enforce this Deed subsequently as if such release, discharge or settlement had not occurred and any such payment had not been made.
Appears in 3 contracts
Samples: Composite Debenture (Virgin Media Investments LTD), Charge Over Shares (Wakefield Cable Communications LTD), Composite Debenture (Wakefield Cable Communications LTD)
Settlements conditional. Any release, discharge or settlement between one or more of the Chargor Chargors and the Security Trustee shall be conditional upon no security, disposition or payment to the Security Trustee or any of the Beneficiaries by any of the Chargor Chargors or any other person being void, set aside or ordered to be refunded pursuant to any enactment or law relating to bankruptcy, liquidation, administration or insolvency or for any other reason whatsoever and if such condition shall not be fulfilled the Security Trustee shall be entitled to enforce this Deed subsequently as if such release, discharge or settlement had not occurred and any such payment had not been made.
Appears in 1 contract
Samples: Composite Debenture (Wakefield Cable Communications LTD)
Settlements conditional. Any release, discharge or settlement between the Chargor and the Security Trustee shall be conditional upon no security, disposition or payment to the Security Trustee or any of the Beneficiaries by the Chargor or any other person being void, set aside or ordered to be refunded pursuant to any enactment or law relating to bankruptcy, liquidation, administration or insolvency or for any other reason whatsoever and if such condition shall not be fulfilled the Security Trustee shall be entitled to enforce this Deed Charge subsequently as if such release, discharge or settlement had not occurred and any such payment had not been made.
Appears in 1 contract
Samples: Blocked Account Charge (Wakefield Cable Communications LTD)
