Common use of AVOIDANCE OF SECURITY Clause in Contracts

AVOIDANCE OF SECURITY. No Security expressed to be created under this deed is liable to be avoided, or otherwise set aside, on the liquidation or administration of the Recipient or otherwise.

AVOIDANCE OF SECURITY. No Security expressed to be created under by this deed is liable to be avoided, avoided or otherwise set aside, aside on the liquidation or administration of the Recipient Borrower or otherwise.