Common use of Unincorporated body Clause in Contracts

Unincorporated body. In amplification and not in derogation of any other provision contained in this Assignment (and in particular Clause 15 hereof) it is expressly agreed that notwithstanding that the Borrower is a committee or association or other unincorporated body which has no legal existence or which is under no legal liability to discharge obligations undertaken or purported to be undertaken by it/him or on its/his behalf this security shall be valid and have effect as though the Assignor was the principal debtor.

Unincorporated body. In amplification and not in derogation of any other provision contained in this Assignment (and in particular Clause 15 13 hereof) it is expressly agreed that notwithstanding that the Borrower Customer is a committee or association or other unincorporated body which has no legal existence or which is under no legal liability to discharge obligations undertaken or purported to be undertaken by it/him or on its/his behalf this security shall be valid and have effect as though the Assignor was the principal debtor.