Common use of Our added security Clause in Contracts

Our added security. You transfer to us the benefit of all your rights relating to the complex (except a right that is a leasehold interest in the property), whether they exist when or after the mortgage is entered into, and you irrevocably appoint us your attorney to exercise them. In particular, we can exercise your right to vote or consent, or to require or call a meeting. You must, if we ask, follow our instructions about how to exercise such a right.‌

Appears in 3 contracts

Samples: Mortgage Nova Scotia, Newfoundland and Labrador, www.bmo.com

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Our added security. You transfer to us the benefit of all your rights relating to the complex (except a right that is a leasehold leasehold‌ interest in the property), whether they exist when or after the mortgage is entered into, and you irrevocably appoint us your attorney to exercise them. In particular, we can exercise your right to vote or consent, or to require or call a meeting. You must, if we ask, follow our instructions about how to exercise such a right.‌right.

Appears in 1 contract

Samples: www.bmo.com

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