Common use of Carrying on Business Clause in Contracts

Carrying on Business. to carry on or authorize or concur in carrying on the business of the Chargor in relation to the Charged Assets or any part thereof and to manage, and conduct the same and no person lending any such money shall be concerned to enquire as to the propriety or purpose of the exercise of this power or see to the application of any moneys so raised or borrowed Provided that a Receiver shall not exercise this power without first obtaining the prior written consent of the Security Trustee;