Common use of Caveat Clause in Contracts

Caveat. It is intended and agreed that the Lender is entitled to lodge a caveat over the Land at any time, including prior to demanding execution and delivery of a mortgage, to protect the Lender's interests under the Loan Agreement. The Obligors must do all things necessary to enable the registration of any caveat to protect the Lender's interests under the Loan Agreement and to allow any such caveat to remain registered during the term of the Loan Agreement.