Examples of Clause 7 in a sentence
The conditions specified in this Clause 7 are inserted solely for the benefit of the Lender and may be waived by the Lender in whole or in part and with or without conditions.
APRIL 2013 TO MARCH 2014 The form should be completed and certified by the Recipient’s Chief Finance Officer and returned to the Commissioner in accordance with Clause 7.
Upon receipt of the Drawdown Notice complying with the terms of this Agreement the Lender shall, subject to the provisions of Clause 7 (Conditions precedent), on the date specified in the Drawdown Notice, make the Commitment available to the Borrower, and payment to the Borrower shall be made to the account which the Borrower specifies in the Drawdown Notice.
Without limiting the generality of Clause 7 the Owners 256 shall reimburse the Managers for postage and communication 257 expenses, travelling expenses, and other out of pocket 258 expenses properly incurred by the Managers in pursuance of the Management Services.
If the Chargor defaults in its performance of any of the undertakings under Clause 7 (Undertakings) or other obligations in this Deed, the Chargee or any Receiver may (but shall not be obliged to) do whatever may be necessary to rectify the default or protect the Chargee’s interest under this Deed (including, if applicable, entering the Chargor’s Real Property without becoming liable as mortgagee in possession) at the expense of the Chargor.