Prescribed Wording Clause Samples

Prescribed Wording. The following covenants shall be implied in respect of any action taken by the Chargor to comply with its obligations under Clause 6.1: (a) the Chargor has the right to take such action in respect of the Charged Portfolio; and (b) the Chargor will at its own cost do all that it reasonably can to give the Secured Party or such parties’ nominee(s) the title and/or rights that it purports to give.