Common use of VACANT POSSESSION Clause in Contracts

VACANT POSSESSION. When the powers of sale under this Assignment becomes exercisable by the Bank, the Assignor will deliver vacant possession of the Property to the Bank, or any person authorised by it, immediately on receiving the Bank‟s written demand.

Appears in 2 contracts

Sources: Loan Agreement, Deed of Assignment

VACANT POSSESSION. When the powers power of sale under pursuant to the provisions of this Assignment becomes exercisable by the Bank, the Assignor hereby declares and agrees that the Assignor will deliver or cause the delivery of vacant possession of the Property to the Bank, Bank or any person authorised by it, it immediately on receiving written demand in that behalf by the Bank‟s written demandBank.

Appears in 2 contracts

Sources: Deed of Assignment, Deed of Assignment

VACANT POSSESSION. When the powers of sale under this Assignment becomes exercisable by the Bank, the Assignor will deliver vacant possession of the Property to the Bank, or any person authorised by it, immediately on receiving the Bank‟s Bank’s written demand.

Appears in 1 contract

Sources: Deed of Assignment