Final Discharge. (a) The Secured Party is not obliged to discharge the Mortgage under clause 3.1 if, at the time the requirements of clause 3.1 are satisfied, the Secured Party is of the opinion (acting reasonably) that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party. (b) Clause 3.2(a) overrides any other clause to the contrary in this deed.
Appears in 2 contracts
Samples: Specific Security Agreement (Shares) (Discovery Energy Corp.), Specific Security Agreement (Shares) (Discovery Energy Corp.)
Final Discharge. (a) The Secured Party is not obliged to discharge the Mortgage Security under clause 3.1 if, at the time the requirements of clause 3.1 are satisfied, the Secured Party (acting reasonably) is of the opinion (acting reasonably) that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party.
(b) Clause 3.2(a) overrides any other clause to the contrary in this deed.
Appears in 1 contract
Samples: General Security Agreement (Discovery Energy Corp.)
Final Discharge. (a) The Secured Party is not obliged to discharge the Mortgage Security under clause 3.1 if, at the time the requirements of clause 3.1 are satisfied, the Secured Party (acting reasonably) is of the opinion (acting reasonably) that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party.
(b) Clause 3.2(a) overrides any other clause to the contrary in this deed.. 4 Representations and warranties, undertakings
Appears in 1 contract
Samples: General Security Agreement (Discovery Energy Corp.)
