Common use of Statutory Powers Clause in Contracts

Statutory Powers. The powers conferred on mortgagees, receivers or administrative receivers by the Law of Property Act 1925 and the Insolvency Act 1986 (as the case may be) shall apply to the Security created under this Debenture, unless they are expressly or impliedly excluded. If there is ambiguity or conflict between the powers contained in those Acts and those contained in this Debenture, those contained in this Debenture shall prevail.

Statutory Powers. The powers conferred on mortgagees, receivers or administrative receivers by the Law of Property Act 1925 and the Insolvency Act 1986 (as the case may be) shall apply to the Security created under this DebentureDeed, unless they are expressly or impliedly excluded. If there is ambiguity or conflict between the powers contained in those Acts and those contained in this DebentureDeed, those contained in this Debenture Deed shall prevail.

Statutory Powers. The powers conferred on mortgagees, receivers or administrative receivers by the Law of Property Act 1925 and the Insolvency Act 1986 (as the case may be) shall apply to the Security created under this DebentureSecurity Agreement, unless they are expressly or impliedly excluded. If there is ambiguity or conflict between the powers contained in those Acts and those contained in this DebentureSecurity Agreement, those contained in this Debenture Security Agreement shall prevail.

Statutory Powers. The powers conferred on mortgagees, receivers mortgagees or administrative receivers by the Law of Property Act 1925 Xxx 0000 and the Insolvency Act 1986 Xxx 0000 (as the case may be) shall apply to the Security created under this Debenture, unless they are expressly or impliedly excluded. If there is ambiguity or conflict between the powers contained in those Acts and those contained in this Debenture, those contained in this Debenture shall prevail.