POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS Sample Clauses

POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS. 16.1 Section 103 of the LPA: Section 103 of the Law of Property Act 1925 shall not apply to this Debenture, and the statutory power of sale shall arise on, and be exercisable at any time after, the execution of this Debenture. However, the Security Agent shall not exercise such power of sale until the occurrence of a Declared Default.
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POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS. 12.1. Statutory Power of Sale to arise on Enforcement: The restrictions in Section 20 of the Conveyancing Act 1881 shall not apply to this Debenture, but the statutory power of sale (as varied or extended by this Debenture) shall (as between the Agent and a purchaser from the Agent) arise on, and be exercisable at any time after, the execution of this Debenture. However, the Agent shall not exercise such power of sale until the Agent takes action in accordance with Clause 9 of the Loan Agreement and/or a demand has been made in accordance with Clause 2 of this Debenture, or a Receiver has been appointed, but this provision shall not affect a purchaser or require him to ask whether a demand or appointment has been made.
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POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS. 11.1 Section 103 of the Law of Property Act 1925 will not apply to this deed, but the statutory power of sale (as between the Lender and a purchaser from the Lender) will arise on and be exercisable at any time after the execution of this deed. However, the Lender will not exercise this power of sale until this deed has become enforceable in accordance with clause 12.1. This provision will not affect any purchaser or require him to ask whether it has become enforceable.
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POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS. 12.1 Debenture to become Enforceable: This Debenture shall be immediately enforceable if the Enforcement Date shall occur.
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POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS. 14.1 Paragraph 11 of the Fourth Schedule of the CPO: Paragraph 11 of the Fourth Schedule of the CPO shall not apply to this Debenture, and the statutory power of sale shall arise on, and be exercisable at any time after, the execution of this Debenture. However, the Security Trustee shall not exercise such power of sale until the Security constituted by this Debenture has become enforceable.
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Related to POWERS OF SALE, LEASING AND ACCEPTING SURRENDERS

  • Reference in Certificates to Supplemental Agreements Certificates authenticated and delivered after the execution of any supplemental agreement pursuant to this Article may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental agreement; and, in such case, suitable notation may be made upon Outstanding Certificates after proper presentation and demand.

  • Supplemental Agreements with Consent of Certificateholders With respect to each separate Trust and the series of Certificates relating thereto, with the consent of the Certificateholders holding Certificates of such series (including consents obtained in connection with a tender offer or exchange offer for the Certificates) evidencing Fractional Undivided Interests aggregating not less than a majority in interest in such Trust, by Direction of said Certificateholders delivered to the Company and the Trustee, the Company may (with the consent of the Owner Trustees, if any, relating to such Certificates, which consent shall not be unreasonably withheld), but shall not be obligated to, and the Trustee (subject to Section 9.03) shall, enter into an agreement or agreements supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, any Intercreditor Agreement or any Liquidity Facility to the extent applicable to such Certificateholders or of modifying in any manner the rights and obligations of such Certificateholders under this Agreement, any Intercreditor Agreement or any Liquidity Facility; provided, however, that no such agreement shall, without the consent of the Certificateholder of each Outstanding Certificate affected thereby:

  • Sale and Assignment of Master Servicing Rights The Master Servicer may sell, assign or delegate its rights, duties and obligations as Master Servicer under this Agreement in their entirety; provided, however, that: (i) the purchaser or transferee accepting such sale, assignment and delegation (a) shall be a Person qualified to service mortgage loans for Fannie Mae or Freddie Mac; (b) shall have a net worth of not less than $00,000,000 (uxxxxx xtherwise approved by each Rating Agency pursuant to clause (ii) below); (c) shall be reasonably satisfactory to the Trustee (as evidenced in a writing signed by the Trustee); and (d) shall execute and deliver to the Trustee an agreement, in form and substance reasonably satisfactory to the Trustee, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by it as master servicer under this Agreement, from and after the effective date of such assumption agreement or delegation; (ii) each Rating Agency shall be given prior written notice of the identity of the proposed successor to the Master Servicer and shall confirm in writing to the Master Servicer and the Trustee that any such sale, assignment or delegation would not result in a withdrawal or a downgrading of the rating on any Class of Certificates in effect immediately prior to such sale, assignment or delegation; and (iii) the Master Servicer shall deliver to the Trustee an Officer's Certificate and an Opinion of Counsel, each stating that all conditions precedent to such action under this Agreement have been fulfilled and such action is permitted by and complies with the terms of this Agreement. No such sale, assignment or delegation shall affect any liability of the Master Servicer arising prior to the effective date thereof.

  • Additional Certifications Any certificate signed by any director or officer of the Corporation and delivered to an Agent or to counsel for such Agent in connection with an offering of Notes or the sale of Notes to an Agent as principal shall be deemed a representation and warranty by the Corporation to such Agent as to the matters covered thereby on the date of such certificate and at each Representation Date subsequent thereto.

  • Authorisation of Agent to sign Transfer Certificates The Borrower, the Security Trustee and each Lender irrevocably authorise the Agent to sign Transfer Certificates on its behalf.

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