RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Borrower which at the date hereof is or which at any time hereafter shall become subject to a mortgage or charge in favour of or vested in the Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreement.
RIGHT OF CONSOLIDATION. 29.1 Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) (restricting the right of consolidation) shall not apply to this security, and in addition and without prejudice to any right of consolidation, none of the undertaking assets and properties of the Borrower which at the date hereof is or which at any time hereafter shall become subject to a mortgage or a charge in favour of or vested in SIF shall be redeemed except on payment of not only all moneys thereby secured but also of all moneys secured by this Deed and/or the Facility Letter and/or the Security Documents.
RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property Act (Chapter 61) shall not apply to this Assignment or to any security given to the Bank pursuant hereto and in addition and without prejudice to any right of consolidation, none of the property of the Assignor which at the date hereof is or which at any time hereafter shall become subject to a mortgage or charge in favour of or vested in the Bank shall be redeemed except on payment of not only all moneys thereby secured but also all moneys secured by this Assignment.
RIGHT OF CONSOLIDATION. 11 SCHEDULES SCHEDULE "A" REAL PROPERTY (i) 3 -1- DEMAND DEBENTURE STERLING PULP CHEMICALS, LTD. (a corporation incorporated under the laws of the Province of Ontario) PRINCIPAL SUM: SEVENTY-FIVE MILLION CANADIAN DOLLARS (Cdn $75,000,000.00) ISSUE DATE: July 11, 2001 DUE: ON DEMAND INTEREST RATE: Twenty-five (25%) per cent per annum
RIGHT OF CONSOLIDATION. The common law right of consolidation shall apply to this debenture notwithstanding Section 31 of the Property Law Act of British Columbia or any similar statutory provision in force from time to time.
RIGHT OF CONSOLIDATION. (i) The provisions of Section 21(1) of the Conveyancing and Law of Property Act, Chapter 61,199-1 Revised Edition, (restricting the right of consolidation) shall not apply to this Debenture.
RIGHT OF CONSOLIDATION. 12.1 Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) or any re-enactment or modification thereof shall not apply to this Assignment.
RIGHT OF CONSOLIDATION. It is hereby acknowledged and agreed by the Chargor that there shall be no restriction on the right of the Lender of consolidating mortgage or charge securities and the Lender hereby reserves the right to consolidate all mortgages and charges which the Lender may from time to time hold from the Chargor on any account whatsoever and it is hereby declared that neither the Premises nor any other property of the Chargor which at any time during the continuance of this security is subject to a mortgage or a charge in favour of or vested in the Lender shall be redeemed or discharged except on payment not only of the monies hereby or thereby secured but also of all monies secured by every such mortgage or charge (including this Charge).
