Common use of No Moratorium Clause in Contracts

No Moratorium. The provisions of any legislation postponing payment of money, reducing or fixing rates of interest or purporting to curtail or restrict any rights of the Mortgagee or a Receiver are to the extent that it is lawful expressly excluded from application to this deed.

No Moratorium. The provisions of any legislation postponing payment of money, reducing or fixing rates of interest or purporting to curtail or restrict any rights of the Mortgagee or a Receiver are to the extent that it is lawful expressly excluded from application to this deedmortgage.