Defects in Security Clause Samples
Defects in Security. The Security Agent shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including:
(a) failure to obtain any Authorisation for the execution, validity, enforceability or admissibility in evidence of any Security Document; or
(b) failure to effect or procure registration of or otherwise protect or perfect any of the Security created by the Security Documents under any laws in any territory.
Defects in Security. The Trustee shall not be liable for any failure, omission or defect in perfecting, protecting or further assuring the Secured Property in respect of any Series or in respect of any assets over which it shall have been granted a security interest in respect of or in relation to this Deed including (without prejudice to the generality of the foregoing) any failure, omission or defect in registering or filing or procuring registration or filing of or otherwise protecting or perfecting the Secured Property in respect of any Series or in respect of any assets over which it shall have been granted a security interest in respect of or in relation to this Deed or the priority thereof or the right or title of any person in or to the assets comprised therein by registering under any applicable registration laws in any territory any notice or other entry prescribed by or pursuant to the provisions of any such laws.
Defects in Security. Neither the Security Agent nor the Joint & Several Creditor shall be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including:
Defects in Security. The Security Trustee shall not be liable for any failure or omission to perfect, or defect in perfecting, the Security created pursuant to any Security Document, including:
Defects in Security. ETC. Guarantor's obligations under this Guaranty shall not be affected by [a] any default in any document concerning any Indebtedness or Security when accepted by Lender or arising any time thereafter [b] Use unenforceability of or defect in any Security or document relating to any Indebtedness; [c] any decline in the value of any Security; or [d] death, incompetence, insolvency, dissolution, liquidation, or winding up of affairs of any Borrower, Guarantor, or anyone liable for any Security or the start of insolvency proceedings by or against any such person or entity.