Common use of Avoidance of Doubt Clause in Contracts

Avoidance of Doubt. For the avoidance of doubt, if crystallization of the floating charge pursuant to this Clause is in respect of part, but not all, of the Charged Assets, the floating charge shall subsist and remain in full force and effect as regards the remaining part or parts of the Charged Assets in respect of which the floating charge has not crystallized as aforesaid. The giving of a notice by the Security Trustee pursuant to Clause 7.4 in relation to any class of the Charged Assets shall not be construed as a waiver or abandonment of the rights of the Security Trustee to serve similar notices in respect of any other class of the Charged Assets or of any other right of the Security Trustee and/or any Beneficiaries.

Appears in 4 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

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