Avoidable payments Sample Clauses
Avoidable payments. If the Mortgagee considers any amount paid by the Mortgagor in respect of the Secured Liabilities is capable of being avoided or set aside on the insolvency, liquidation or administration of the Mortgagor or otherwise, that amount is not considered to have been paid for the purposes of this Deed.
Avoidable payments. If the Security Agent considers any amount paid by the Mortgagor or any other Obligor in respect of the Secured Obligations or any part thereof is capable of being avoided or set aside on the insolvency, liquidation or administration of the Mortgagor or any other Obligor or otherwise, that amount is not considered to have been paid for the purposes of this Deed.