Common use of Extension of the 1925 Act Clause in Contracts

Extension of the 1925 Act. (a) The statutory powers of leasing conferred on the Master Issuer Security Trustee are extended so as to authorise the Master Issuer Security Trustee to lease, make agreements for leases, accept surrenders of leases and grant options as the Master Issuer Security Trustee may think fit and without the need to comply with any provision of Section 99 or 100 of the 1925 Act. (b) The statutory powers of sale and the other powexx xxxxxrred on the Master Issuer Security Trustee by Section 101(1) and (2) of the 1925 Act are extended so as to authorise the Master Issuer Security Trustee (upon such terms as the Master Issuer Security Trustee may think fit and in accordance with the terms of this Deed) to: (i) make demand in the name of the other Master Issuer Secured Creditors or in its own right for any moneys and liabilities in respect of the Master Issuer Charged Property; and (ii) do all or any of the things or exercise all or any of the powers referred to in Clause 11 (Powers of Receiver) herein as if each of them was expressly conferred on the Master Issuer Security Trustee by this Deed.

Appears in 2 contracts

Samples: Master Issuer Deed of Charge (Holmes Funding LTD), Master Issuer Deed of Charge (Holmes Master Issuer)

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Extension of the 1925 Act. (a) The statutory powers of leasing conferred on the Master Issuer Security Trustee are extended so as to authorise the Master Issuer Security Trustee to lease, make agreements for leases, accept surrenders of leases and grant options as the Master Issuer Security Trustee may think fit and without the need to comply with any provision of Section 99 or 100 of the 1925 Act0000 Xxx. (b) The statutory powers of sale and the other powexx xxxxxrred powers conferred on the Master Issuer Security Trustee by Section 101(1) and (2) of the 1925 Act are extended so as to authorise the Master Issuer Security Trustee (upon such terms as the Master Issuer Security Trustee may think fit and in accordance with the terms of this Deed) to: (i) make demand in the name of the other Master Issuer Secured Creditors or in its own right for any moneys and liabilities in respect of the Master Issuer Charged Property; and (ii) do all or any of the things or exercise all or any of the powers referred to in Clause 11 (Powers of Receiver) herein as if each of them was expressly conferred on the Master Issuer Security Trustee by this Deed.

Appears in 1 contract

Samples: Master Issuer Deed of Charge (Holmes Funding LTD)

Extension of the 1925 Act. (a) The statutory powers of leasing conferred on the Master Issuer Security Trustee are extended so as to authorise the Master Issuer Security Trustee to lease, make agreements for leases, accept surrenders of leases and grant options as the Master Issuer Security Trustee may think fit and without the need to comply with any provision of Section 99 or 100 of the 1925 Act. (b) The statutory powers of sale and the other powexx xxxxxrred powers xxxxxxxed on the Master Issuer Security Trustee by Section 101(1) and (2) of the 1925 Act are extended so as to authorise the Master Issuer Security Trustee (upon such terms as the Master Issuer Security Trustee may think fit and in accordance with the terms of this Deed) to: (i) make demand in the name of the other Master Issuer Secured Creditors or in its own right for any moneys and liabilities in respect of the Master Issuer Charged PropertyAssets; and (ii) do all or any of the things or exercise all or any of the powers referred to in Clause 11 (Powers of Receiver) herein as if each of them was expressly conferred on the Master Issuer Security Trustee by this Deed.

Appears in 1 contract

Samples: Issuer Deed of Charge (Permanent Funding (No. 2) LTD)

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Extension of the 1925 Act. (a) The statutory powers of leasing conferred on the Master Issuer Security Trustee are extended so as to authorise the Master Issuer Security Trustee to lease, make agreements for leases, accept surrenders of leases and grant options as the Master Issuer Security Trustee may think fit and without the need to comply with any provision of Section 99 or 100 of the 1925 Act. (b) The statutory powers of sale and the other powexx xxxxxrred powerx xxxxxxred on the Master Issuer Security Trustee by Section 101(1) and (2) of the 1925 Act are extended so as to authorise the Master Issuer Security Trustee (upon such terms as the Master Issuer Security Trustee may think fit and in accordance with the terms of this Deed) to: (i) make demand in the name of the other Master Issuer Secured Creditors or in its own right for any moneys and liabilities in respect of the Master Issuer Charged Property; and (ii) do all or any of the things or exercise all or any of the powers referred to in Clause 11 (Powers of Receiver) herein as if each of them was expressly conferred on the Master Issuer Security Trustee by this Deed.

Appears in 1 contract

Samples: Master Issuer Deed of Charge (Permanent Funding (No. 2) LTD)

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