Common use of Unconditionality of Security Clause in Contracts

Unconditionality of Security. Neither the Secured Obligations nor the security created by this Assignment shall be discharged or affected by (i) any time, indulgence, concession, waiver or consent at any time given to the Assignor, the Borrower, any other Security Party or any other person, (ii) any amendment, modification or supplement to the Building Agreement, this Assignment, the Facility Agreement, any Finance Document, or any other agreement, document or security, guarantee, indemnity, right, remedy or lien, (iii) the making or absence of any demand on the Assignor, the Borrower, any Security Party or any other person for payment, (iv) the enforcement or absence of enforcement of any of the Facility Agreement, this Assignment, any Finance Document, or any other agreement, security, guarantee, indemnity, right, remedy or lien, (v) the taking, variation, compromise, renewal or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against the Assignor, the Borrower or any Security Party or any other person, (vi) the insolvency, winding-up, amalgamation, reconstruction or reorganisation of the Assignor, the Borrower, any Security Party or any other person (or the commencement of any of the foregoing), or (vii) the illegality, invalidity or unenforceability of or any defect in any provision of any of the Building Agreement, the Facility Agreement, any Finance Document, this Assignment or any other agreement, security, guarantee, indemnity, right, remedy or lien or any of the obligations of any of the parties thereunder.

Unconditionality of Security. Neither the Secured Obligations nor the The security created by this Assignment Debenture shall not be discharged or affected in any way by (i) any time, indulgence, concession, waiver or consent at any time given to the Assignor, the Borrower, Chargor or any other Security Party person, whether by the Chargee, or any other person, (ii) any amendment, modification amendment or supplement to or change in the Building Agreement, this Assignmentterms of the Secured Debt, the Facility AgreementSSA, any Finance Documentthe Note Conditions, the Articles or any other agreement, document or security, guarantee, indemnity, right, remedy or lien, (iii) the making or absence of any demand for payment of the Secured Debt on the AssignorChargor, the Borrower, any Security Party or any other person for paymentperson, (iv) the enforcement or absence of enforcement of any of the Facility AgreementSSA, this Assignmentthe Note Conditions, any Finance Document, the Articles or any other agreement, security, guarantee, indemnity, right, remedy or lien, (v) the taking, variation, compromise, renewal existence or release of any agreement, security, guarantee, indemnity, right, remedy or refusal or neglect to perfect or enforce lien (including the release of any rights, remedies or securities against part of the Assignor, the Borrower or any Security Party or any other personCharged Property), (vi) the insolvency, winding-up, insolvency, amalgamation, reconstruction or reorganisation of the Assignor, the Borrower, any Security Party or any other person Chargor (or the commencement of any of the foregoing), ) or (vii) the illegality, invalidity or unenforceability of or any defect in any provision of any of the Building AgreementSSA, the Facility AgreementNote Conditions, any Finance Document, this Assignment the Articles or any other agreement, security, guarantee, indemnity, right, remedy or lien or any of the obligations of any of the parties thereunder, whether on the grounds of ULTRA XXXXX, not being in the interests of the Chargor, or any other person, not having been duly authorised, executed or delivered by the Chargor, or any other person or for any reason whatsoever.

Unconditionality of Security. Neither the Secured Obligations nor the The security created by this Assignment Deed shall not be discharged or affected by (ia) any time, indulgence, concession, waiver or consent at any time given to the Assignor, the BorrowerChargor, any other Security Party of the Parties or any other person, (iib) any amendment, modification or supplement amendment to the Building Agreement, this Assignment, the Facility Agreement, any Finance Document, or any other agreement, document or security, guarantee, indemnity, right, remedy or lien, (iii) the making or absence of any demand on the Assignor, the Borrower, any Security Party or any other person for payment, (iv) the enforcement or absence of enforcement of any of the Facility Agreement, this Assignment, any Finance Document, Convertible Loan Agreements or any other agreement, security, guarantee, indemnity, right, remedy or lien, (vc) the making or absence of any demand on the Chargor, any of the Parties or any other person for payment, (d) the enforcement or absence of enforcement of any of the Convertible Loan Agreements or any other agreement, security, guarantee, indemnity, right, remedy or lien, (e) the taking, variationexistence, compromise, renewal discharge or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against the Assignor, the Borrower or any Security Party Convertible Loan Agreements or any other personagreement, security, guarantee, indemnity, right, remedy or lien, (vif) the insolvency, winding-dissolution, bankruptcy, disability, incapacity, winding up, amalgamation, reconstruction or reorganisation or change in constitution of the Assignor, the BorrowerChargor, any Security Party of the Parties or any other person person, (or the commencement of any of the foregoing), or (viig) the irregularity, illegality, invalidity or unenforceability of or any defect in any provision of any of the Building Agreement, the Facility Agreement, any Finance Document, this Assignment Convertible Loan Agreements or any other agreement, security, guarantee, indemnity, right, remedy or lien lien, or any of the obligations of any of the parties thereunder, (h) any change in the constitution of the Chargor whether by way of amalgamation, consolidation, reconstruction or otherwise, (i) any failure of the Chargee to perform its obligations under the Convertible Loan Agreements in accordance with the terms thereof, or (i) any other matter or thing whatsoever.