Common use of Cumulative Powers Clause in Contracts

Cumulative Powers. The Issuer acknowledges and shall cause to be acknowledged that the powers conferred by the Debenture Documents in favour of the Debenture Trustee or any receiver, receiver and manager or administrator appointed under any Debenture Document: (a) are cumulative; (b) are without prejudice to their respective powers under Applicable Law or equity; and (c) may be exercised as often as the Debenture Trustee or such receiver, receiver and manager or administrator deems fit, and the Debenture Trustee or such receiver, receiver and manager or administrator may, in connection with the exercise of their powers, join or concur with any Person in any transaction, scheme or arrangement, and the Issuer acknowledges that the respective powers of the Debenture Trustee and such receiver, receiver and manager or administrator shall, in no circumstances, be suspended, waived or otherwise prejudiced by anything other than an express waiver or variation in writing.