Common use of Exclusion of legislation Clause in Contracts

Exclusion of legislation. (a) The provisions implied in mortgages by any statute are for the purposes of this Deed negative or varied only so far as they are inconsistent with the provisions of this Deed and are otherwise varied so as to become consistent with this Deed. (b) Any statutory restrictions (other than mandatory restrictions) on any right of the Secured Party, a Receiver or an Attorney to lease or otherwise deal with the Secured Property do not apply to the rights of those persons under this Deed.

Exclusion of legislation. (a) The provisions implied in mortgages by any statute are for the purposes of this Deed negative document negatived or varied only so far as they are inconsistent with the provisions of this Deed document and are otherwise varied so as to become consistent with this Deeddocument. (b) Any statutory restrictions (other than mandatory restrictions) on any right of the Secured Partya Participant, a Receiver or an Attorney to lease or otherwise deal with the Secured Property do not apply to the rights of those persons under this Deeddocument.

Exclusion of legislation. (a) The provisions implied in mortgages by any statute are shall for the purposes of this Deed negative document be negatived or varied only so far as they are inconsistent with the provisions of this Deed document and are otherwise varied so as to become consistent with this Deeddocument. (b) Any statutory restrictions (other than mandatory restrictions) on upon any right of the Secured PartyMortgagee, a Receiver or an Attorney to lease or otherwise deal with the Secured Property do shall not apply to the rights of those persons under this Deeddocument.

Exclusion of legislation. (a) The provisions implied in mortgages by any statute are shall for the purposes of this Deed negative document be negatived or varied only so far as they are inconsistent with the provisions of this Deed document and are otherwise varied so as to become consistent with this Deeddocument. (b) Any statutory restrictions (other than mandatory restrictions) on upon any right of the Secured PartyChargee, a Receiver or an Attorney to lease or otherwise deal with the Secured Charged Property do shall not apply to the rights of those persons under this Deeddocument.