Common use of Enforcement Powers Clause in Contracts

Enforcement Powers. (a) The Secured Obligations shall be deemed to have become due and payable on the date of this Security Agreement in respect of the Chargor for the purposes of section 101 of the Law of Property ▇▇▇ ▇▇▇▇. (b) The power of sale and other powers conferred by section 101 of the Law of Property Act 1925 (as varied and extended by this Security Agreement) and all other powers conferred on a mortgagee by law shall be deemed to arise immediately upon an Acceleration Event which is continuing. (c) For the purposes of sections 99 and 100 of the Law of Property ▇▇▇ ▇▇▇▇, the expression “mortgagor” shall include any encumbrancer deriving title under the original mortgagor and section 99(18) of the Law of Property ▇▇▇ ▇▇▇▇ and section 100(12) of the Law of Property ▇▇▇ ▇▇▇▇ shall not apply.

Enforcement Powers. (a) The Secured Obligations shall be deemed to have become due and payable on the date of this Security Agreement in respect of the Chargor for the purposes of section 101 of the Law of Property ▇▇▇ ▇▇▇▇Act 1925. (b) The power of sale and other powers conferred by section 101 of the Law of Property Act 1925 (as varied and extended by this Security Agreement) and all other powers conferred on a mortgagee by law shall be deemed to arise immediately upon an Acceleration Event which is continuing. (c) For the purposes of sections 99 and 100 of the Law of Property ▇▇▇ ▇▇▇▇Act 1925, the expression “mortgagor” shall include any encumbrancer deriving title under the original mortgagor and section 99(18) of the Law of Property ▇▇▇ ▇▇▇▇ Act 1925 and section 100(12) of the Law of Property ▇▇▇ ▇▇▇▇ Act 1925 shall not apply.