Common use of AVOIDANCE OF SECURITY Clause in Contracts

AVOIDANCE OF SECURITY. 35.1 No assurance, security or payment which may be avoided under Sections 293 or 294 of the Companies Act 1965 (as may be revised or amended by any statutory modifications) or by any provisions of the Bankruptcy Act 1967 (as may be revised or amended by any statutory modifications) and no release, settlement or discharge which may have been given on the faith of any such assurance, security or payment will prejudice or affect Your right to recover from Us to the full extent of this Guarantee as if such assurance, security, payment, release, settlement or discharge (as the case may be) had never been guaranteed, given or made.

AVOIDANCE OF SECURITY. 35.1 33.1 No assurance, security or payment which may be avoided under Sections 293 or 294 of the Companies Act 1965 (as may be revised or amended by any statutory modifications) or by any provisions of the Bankruptcy Act 1967 (as may be revised or amended by any statutory modifications) and no release, settlement or discharge which may have been given on the faith of any such assurance, security or payment will prejudice or affect Your right to recover from Us to the full extent of this Guarantee as if such assurance, security, payment, release, settlement or discharge (as the case may be) had never been guaranteed, given or made.

AVOIDANCE OF SECURITY. 35.1 34.1 No assurance, security or payment which may be avoided under Sections 293 or 294 of the Companies Act 1965 (as may be revised or amended by any statutory modifications) or by any provisions of the Bankruptcy Act 1967 (as may be revised or amended by any statutory modifications) and no release, settlement or discharge which may have been given on the faith of any such assurance, security or payment will prejudice or affect Your right to recover from Us to the full extent of this Guarantee as if such assurance, security, payment, release, settlement or discharge (as the case may be) had never been guaranteed, given or made.