limitation and whether or not known to it or any Secured
Party) including:
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21.3.1
ANY TIME, WAIVER OR CONSENT GRANTED TO, OR COMPOSITION WITH,
THE CHARGOR, ANY OTHER LOAN PARTY OR ANY OTHER PERSON;
21.3.2
THE RELEASE OF THE CHARGOR, ANY OTHER LOAN PARTY OR ANY
OTHER PERSON UNDER THE TERMS OF ANY COMPOSITION OR ARRANGEMENT WITH ANY CREDITOR
OF THE CHARGOR, ANY OTHER LOAN PARTY OR ANY OTHER PERSON;
21.3.3
THE TAKING, VARIATION, COMPROMISE, EXCHANGE, RENEWAL OR
RELEASE OF, OR REFUSAL OR NEGLECT TO PERFECT, TAKE UP OR ENFORCE ANY RIGHTS
AGAINST, OR SECURITY OVER ASSETS OF, THE CHARGOR, ANY OTHER LOAN PARTY OR ANY
OTHER PERSON OR ANY NON-PRESENTATION OR NON-OBSERVANCE OF ANY FORMALITY OR OTHER
REQUIREMENT IN RESPECT OF ANY INSTRUMENT OR ANY FAILURE TO REALISE THE FULL
VALUE OF ANY SECURITY;
21.3.4
ANY DEATH, MENTAL OR OTHER INCAPACITY OR LACK OF POWER,
AUTHORITY OR LEGAL PERSONALITY OF OR DISSOLUTION OR CHANGE IN THE MEMBERS OR
STATUS OR CONSTITUTION OF THE CHARGOR, ANY OTHER LOAN PARTY OR ANY OTHER PERSON;
21.3.5
ANY AMENDMENT (HOWEVER FUNDAMENTAL) OR REPLACEMENT OF A LOAN
DOCUMENT OR ANY OTHER DOCUMENT OR SECURITY;
21.3.6
ANY UNENFORCEABILITY, ILLEGALITY OR INVALIDITY OF ANY
OBLIGATION OF ANY PERSON UNDER ANY LOAN DOCUMENT OR ANY OTHER DOCUMENT OR
SECURITY;
21.3.7
ANY INSOLVENCY, BANKRUPTCY, LIQUIDATION, WINDING-UP OR
SIMILAR PROCEEDINGS;
21.3.8
THIS DEED OR ANY LOAN DOCUMENT NOT BEING EXECUTED BY OR
BINDING UPON ANY PERSON; OR
21.3.9
ANY POSTPONEMENT, DISCHARGE, REDUCTION, NON-PROVABILITY OR
OTHER SIMILAR CIRCUMSTANCE AFFECTING ANY OBLIGATION OF ANY LOAN PARTY OR OTHER
PERSON UNDER ANY LOAN DOCUMENT RESULTING FROM ANY INSOLVENCY, LIQUIDATION OR
DISSOLUTION PROCEEDINGS OR FROM ANY LAW, REGULATION OR ORDER.
21.4
IMMEDIATE RECOURSE
The Chargor waives any right it may have of first requiring any Secured Party
(or any trustee or agent on its behalf) to proceed against or enforce any other
rights or security or claim payment from any person before claiming from the
Chargor under this Deed. This waiver applies irrespective of any law to the
contrary.
21.5
APPROPRIATIONS
Until all the Obligations have been irrevocably paid in full and all facilities
which might give rise to Obligations have terminated, each Secured Party (or any
trustee or agent on its behalf) may:
21.5.1
REFRAIN FROM APPLYING OR ENFORCING ANY OTHER MONEYS,
SECURITY OR RIGHTS HELD OR RECEIVED BY THAT SECURED PARTY (OR ANY TRUSTEE OR
AGENT ON ITS BEHALF) IN RESPECT OF THOSE AMOUNTS, OR APPLY AND ENFORCE THE SAME
IN SUCH MANNER AND ORDER AS IT
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SEES FIT (WHETHER AGAINST THOSE AMOUNTS OR OTHERWISE) AND THE CHARGOR SHALL NOT
BE ENTITLED TO THE BENEFIT OF THE SAME; AND
21.5.2
HOLD IN A SUSPENSE ACCOUNT ANY MONEYS RECEIVED FROM THE
CHARGOR OR ON ACCOUNT OF THE CHARGOR'S LIABILITY UNDER THIS DEED.
21.6
DEFERRAL OF CHARGOR'S RIGHTS
21.6.1
UNTIL ALL THE OBLIGATIONS HAVE BEEN IRREVOCABLY PAID IN FULL
AND ALL FACILITIES WHICH MIGHT GIVE RISE TO OBLIGATIONS HAVE TERMINATED AND
UNLESS THE ADMINISTRATIVE AGENT OTHERWISE DIRECTS, THE CHARGOR