Common use of Caveat Clause in Contracts

Caveat. The Customer / Guarantor(s) charge(s) in favour of Metalcraft as security for the Customer’s obligations to Metalcraft, all rights, title and interest (including beneficial interest in any Trust) in any land and / or landed property held now by the Customer / Guarantor(s) either alone or jointly with anyone or acquired by the Customer / Guarantor(s) at any time hereafter, also as a trustee. If the Customer / Guarantor(s) default(s) in payment of any amount owed to Metalcraft, the Customer / Guarantor(s) specifically authorise(s) Metalcraft to lodge a caveat and/or mortgage against any such property and appint(s) Metalcraft to be the Customer/Guarantor(s)’s Attorney for this purpose if a security charge is necessitated to protect Metalcraft’s intersts, at Metalcraft’s discretion, in a Memorandum of Mortgage registration format of Metalcraft’s choice, treating this agreement also as a deed for the purpose of such security registrations.

Caveat. The Customer / Guarantor(s) charge(s) in favour of Metalcraft as security for the Customer’s obligations to Metalcraft, all rights, title and interest (including beneficial interest in any Trust) in any land and / or landed property held now by the Customer / Guarantor(s) either alone or jointly with anyone or acquired by the Customer / Guarantor(s) at any time hereafter, also as a trustee. If the Customer / Guarantor(s) default(s) in payment of any amount owed to Metalcraft, the Customer / Guarantor(s) specifically authorise(s) Metalcraft to lodge a caveat and/or and / or mortgage against any such property and appint(sappoint(s) Metalcraft to be the Customer/Customer / Guarantor(s)’s Attorney for this purpose if a security charge is necessitated to protect Metalcraft’s interstsinterests, at Metalcraft’s discretion, in a Memorandum of Mortgage registration format of Metalcraft’s choice, treating this agreement also as a deed for the purpose of such security registrations.