Common use of Law of Property Act 1925 Clause in Contracts

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 3 contracts

Samples: Issuer Deed of Charge (Granite Mortgages 04-2 PLC), Issuer Deed of Charge (Granite Mortgages 03-3 PLC), Issuer Deed of Charge (Granite Mortgages 03-3 PLC)

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Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx XxxpertyXxxxxxx Property, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 2 contracts

Samples: Issuer Deed of Charge (Granite Mortgages 03-3 PLC), Issuer Deed of Charge (Granite Mortgages 04-2 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx XxxpertySexxxxx Xxoperty, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 2 contracts

Samples: Issuer Deed of Charge (Granite Finance Trustees LTD), Issuer Deed of Charge Amendment and Restatement Deed (Granite Mortgages 03-1 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx XxxpertySecured Property, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 2 contracts

Samples: Issuer Deed of Charge (Granite Mortgages 03-2 PLC), Issuer Deed of Charge (Granite Mortgages 03-2 PLC)

Law of Property Act 1925. Subject(a) The statutory powers of leasing conferred on the Security Trustee are extended so as to authorise the Security Trustee to lease, in make agreements for leases, accept surrenders of leases and grant options as the case Security Trustee may think fit and without the need to comply with any provision of Section 99 or 100 of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the 1925 Act. (b) The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section Sections 101(1) and (2) of the 1925 Act, are hereby extended in relation to the Current Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Security Trustee at its absolute discretion at any time after the service of an Enforcement Notice has been served on the Issuer and subject to the Security Trustee being satisfied as to the indemnification and/or security constituted by this Current Issuer Deed and/or prefunding available to it in relation to the exercise of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretionsuch powers: (ai) to make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged PropertyAssets; (bii) enforce to sell the Issuer's title to or interest in the Charged Assets, and to do so for any rights it may have shares, debentures or other securities whatsoever, or in respect consideration of the whole an agreement to pay all or any part of the Current Issuer Charged Property in purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by a Security Interest or a guarantee, or for such manner and upon such terms other consideration whatsoever as the Note Security Trustee shall may think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor)Charged Assets; (eiii) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged PropertyAssets, to carry out any transaction, scheme or arrangement which the Security Trustee may, in its absolute discretion, consider appropriate; (fiv) to insure the Charged Assets against such risks and for such amounts as the Security Trustee may decide; and (v) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly powers which are mentioned or by implication on any Receiver under referred to in Clause 9.6 10.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed as if each of Charge; and/or (g) exercise all or any of the powers them was expressly conferred on mortgagees by the 1925 Act as varied or extended Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversparagraphs (i) to (iv) above.

Appears in 1 contract

Samples: Deed of Charge

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx XxxpertyJexxxx Xxxured Property, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Mortgages 04-1 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of xxxxx xf sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Master Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge Security has become enforceable in accordance with Clause 7.2 6.2 (Enforceable) above, the Note Issuer Security Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Issuer Security Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Issuer Security Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 8.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of ChargeDeed; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Finance Funding 2 LTD)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Fifth Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Security Trustee at its absolute discretion at any time after following the security constituted by this Current occurrence of a Fifth Issuer Deed Note Event of Charge has become enforceable Default and subject to the Security Trustee being indemnified and/or secured to its satisfaction in accordance with Clause 7.2 (Enforceable) above, relation to the Note Trustee may in its absolute discretionexercise of such powers: (a) to make demand in the name of the Current Fifth Issuer Secured Creditors or in its own right for any monies moneys and liabilities in respect of the Current Fifth Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal withdispose of the Fifth Issuer's title to or interest in the Fifth Issuer Charged Property, and to do so for any shares, debentures or other securities including, without limitation, any Authorised Investments whatsoever comprising part thereof, or in consideration of an agreement to pay all or part of the purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by an Encumbrance or a guarantee, or for such other consideration whatsoever as the Security Trustee may in its absolute discretion think fit, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current the Fifth Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Fifth Issuer Secured Creditor); (ec) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Fifth Issuer Charged Property, to carry out any transaction, scheme or arrangement which the Security Trustee may, in its absolute discretion, consider appropriate; (fd) to insure the Fifth Issuer Charged Property against such risks and for such amounts as the Security Trustee may in its absolute discretion consider prudent; and (e) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly powers which are mentioned or by implication on any Receiver under Clause referred to in CLAUSE 9.6 (Powers Powers) as if each of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers them was expressly conferred on mortgagees by the 1925 Act as varied or extended Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversparagraphs (a) to (d) above.

Appears in 1 contract

Samples: Fifth Issuer Deed of Charge (Permanent Financing (No. 5) PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Seventh Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Security Trustee at its absolute discretion at any time after following the security constituted by this Current occurrence of a Seventh Issuer Deed Note Event of Charge has become enforceable Default and subject to the Security Trustee being indemnified and/or secured to its satisfaction in accordance with Clause 7.2 (Enforceable) above, relation to the Note Trustee may in its absolute discretionexercise of such powers: (a) to make demand in the name of the Current Seventh Issuer Secured Creditors or in its own right for any monies moneys and liabilities in respect of the Current Seventh Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal withdispose of the Seventh Issuer's title to or interest in the Seventh Issuer Charged Property, and to do so for any shares, debentures or other securities including, without limitation, any Authorised Investments whatsoever comprising part thereof, or in consideration of an agreement to pay all or part of the purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by an Encumbrance or a guarantee, or for such other consideration whatsoever as the Security Trustee may in its absolute discretion think fit, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current the Seventh Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Seventh Issuer Secured Creditor); (ec) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Seventh Issuer Charged Property, to carry out any transaction, scheme or arrangement which the Security Trustee may, in its absolute discretion, consider appropriate; (fd) to insure the Seventh Issuer Charged Property against such risks and for such amounts as the Security Trustee may in its absolute discretion consider prudent; and (e) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly powers which are mentioned or by implication on any Receiver under Clause referred to in CLAUSE 9.6 (Powers Powers) as if each of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers them was expressly conferred on mortgagees by the 1925 Act as varied or extended Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversparagraphs (a) to (d) above.

Appears in 1 contract

Samples: Seventh Issuer Deed of Charge (Permanent Mortgages Trustee LTD)

Law of Property Act 1925. Subject, Subject in the case of the Current Issuer Funding Jersey Secxxxx Xxxperty, Secured Property to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer Funding as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Funding Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Security Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Funding Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Funding Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Funding Charged Property in such manner and upon such terms as the Note Security Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Funding Charged Property and perfect the interests comprised therein; (d) subject as expressly provided in Clause 7.7 (subject to any restrictions under or in respect Restriction on Disposal of the relevant Current Issuer Funding Charged Property) ), sell, transfer, convey, dispose of, of vary or otherwise deal with, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current Issuer the Funding Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Funding Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Security Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Funding Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Funding Deed of Charge; and/orand (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Funding Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Funding Deed of Charge (Granite Mortgages 03-2 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Ninth Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Ninth Issuer Security Trustee at its absolute discretion at any time after following the security constituted by this Current occurrence of a Ninth Issuer Deed Note Event of Charge has become enforceable Default and subject to the Ninth Issuer Security Trustee being satisfied as to the indemnification available to it in accordance with Clause 7.2 (Enforceable) above, relation to the Note Trustee may in its absolute discretionexercise of such powers: (a) to make demand in the name of the Current Ninth Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Ninth Issuer Charged Property; (b) enforce to sell the Ninth Issuer's title to or interest in the Ninth Issuer Charged Property, and to do so for any rights it may have shares, debentures or other securities whatsoever, or in respect consideration of the whole an agreement to pay all or any part of the Current Issuer Charged Property in purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by an Encumbrance or a guarantee, or for such manner and upon such terms other consideration whatsoever as the Note Ninth Issuer Security Trustee shall may think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Ninth Issuer Secured Creditor)Charged Property; (ec) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Ninth Issuer Charged Property, to carry out any transaction, scheme or arrangement which the Ninth Issuer Security Trustee may, in its absolute discretion, consider appropriate; (fd) to insure the Ninth Issuer Charged Property against such risks and for such amounts as the Ninth Issuer Security Trustee may consider prudent; and (e) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred powers which are mentioned or referred to in Clause 10.6 (Powers) as if each of them was expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended Ninth Issuer Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversparagraphs (a) to (d).

Appears in 1 contract

Samples: Deed of Charge (HOLMES FINANCING (No. 9) PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Sixth Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Security Trustee at its absolute discretion at any time after following the security constituted by this Current occurrence of a Sixth Issuer Deed Note Event of Charge has become enforceable Default and subject to the Security Trustee being indemnified and/or secured to its satisfaction in accordance with Clause 7.2 (Enforceable) above, relation to the Note Trustee may in its absolute discretionexercise of such powers: (a) to make demand in the name of the Current Sixth Issuer Secured Creditors or in its own right for any monies moneys and liabilities in respect of the Current Sixth Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal withdispose of the Sixth Issuer's title to or interest in the Sixth Issuer Charged Property, and to do so for any shares, debentures or other securities including, without limitation, any Authorised Investments whatsoever comprising part thereof, or in consideration of an agreement to pay all or part of the purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by an Encumbrance or a guarantee, or for such other consideration whatsoever as the Security Trustee may in its absolute discretion think fit, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current the Sixth Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Sixth Issuer Secured Creditor); (ec) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Sixth Issuer Charged Property, to carry out any transaction, scheme or arrangement which the Security Trustee may, in its absolute discretion, consider appropriate; (fd) to insure the Sixth Issuer Charged Property against such risks and for such amounts as the Security Trustee may in its absolute discretion consider prudent; and (e) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly powers which are mentioned or by implication on any Receiver under Clause referred to in CLAUSE 9.6 (Powers Powers) as if each of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers them was expressly conferred on mortgagees by the 1925 Act as varied or extended Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversparagraphs (a) to above.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

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Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale powxx xx xxle and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Master Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge Security has become enforceable in accordance with Clause 7.2 6.2 (Enforceable) above, the Note Issuer Security Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Issuer Security Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Issuer Security Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 8.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of ChargeDeed; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Finance Trustees LTD)

Law of Property Act 1925. Subject, in the case of xxxx xx the Current Issuer Jersey Secxxxx XxxpertySecured Property, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Mortgages 02-2 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Third Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Security Trustee at its absolute discretion at any time after following the security constituted by this Current occurrence of a Third Issuer Deed Note Event of Charge has become enforceable Default and subject to the Security Trustee being indemnified and/or secured to its satisfaction in accordance with Clause 7.2 (Enforceable) above, relation to the Note Trustee may in its absolute discretionexercise of such powers: (a) to make demand in the name of the Current Third Issuer Secured Creditors or in its own right for any monies moneys and liabilities in respect of the Current Third Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal withdispose of the Third Issuer's title to or interest in the Third Issuer Charged Property, and to do so for any shares, debentures or other securities including, without limitation, any Authorised Investments whatsoever comprising part thereof, or in consideration of an agreement to pay all or part of the purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by an Encumbrance or a guarantee, or for such other consideration whatsoever as the Security Trustee may in its absolute discretion think fit, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current the Third Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Third Issuer Secured Creditor); (ec) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Third Issuer Charged Property, to carry out any transaction, scheme or arrangement which the Security Trustee may, in its absolute discretion, consider appropriate; (fd) to insure the Third Issuer Charged Property against such risks and for such amounts as the Security Trustee may in its absolute discretion consider prudent; and (e) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly powers which are mentioned or by implication on any Receiver under Clause referred to in CLAUSE 9.6 (Powers Powers) as if each of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers them was expressly conferred on mortgagees by the 1925 Act as varied or extended Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversparagraphs to above.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

Law of Property Act 1925. Subject, in the case of the Current Issuer Xxxxxx Jersey Secxxxx XxxpertySecured Property, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Mortgages 03-1 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale xx xxxx and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Master Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge Security has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Issuer Security Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Issuer Security Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Issuer Security Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of ChargeDeed; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Finance Trustees LTD)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx Xxxperty, to the provisions of the Jersey Security Law, the The provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Sixth Issuer (as if such extensions were contained in therein) to authorise the 1925 Act such that Sixth Issuer Security Trustee at its absolute discretion at any time after following the security constituted by this Current occurrence of a Sixth Issuer Deed Note Event of Charge has become enforceable Default and subject to the Sixth Issuer Security Trustee being satisfied as to the indemnification available to it in accordance with Clause 7.2 (Enforceable) above, relation to the Note Trustee may in its absolute discretionexercise of such powers: (a) to make demand in the name of the Current Sixth Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Sixth Issuer Charged Property; (b) enforce to sell the Sixth Issuer's title to or interest in the Sixth Issuer Charged Property, and to do so for any rights it may have shares, debentures or other securities whatsoever, or in respect consideration of the whole an agreement to pay all or any part of the Current Issuer Charged Property in purchase price at a later date or dates, or an agreement to make periodical payments, whether or not the agreement is secured by an Encumbrance or a guarantee, or for such manner and upon such terms other consideration whatsoever as the Note Sixth Issuer Security Trustee shall may think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also to grant any option to purchase, and to effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Sixth Issuer Secured Creditor)Charged Property; (ec) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Sixth Issuer Charged Property, to carry out any transaction, scheme or arrangement which the Sixth Issuer Security Trustee may, in its absolute discretion, consider appropriate; (fd) to insure the Sixth Issuer Charged Property against such risks and for such amounts as the Sixth Issuer Security Trustee may consider prudent; and (e) to do all or any of the things or exercise all or any of the powers, authorities and discretions conferred powers which are mentioned or referred to in CLAUSE 10.6 (Powers) as if each of them was expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended Sixth Issuer Security Trustee by this Current Issuer Deed of Charge and any other rights and remedies that which may not be conferred by statute or common law or included in equity on mortgagees or receiversPARAGRAPHS (A) to (D) above.

Appears in 1 contract

Samples: Sixth Issuer Deed of Charge (Holmes Financing No 6 PLC)

Law of Property Act 1925. Subject, in the case of the Current Issuer Jersey Secxxxx XxxpertySxxxxxx Xroperty, to the provisions of the Jersey Security Law, the provisions of the 1925 Act relating to the power of sale and the other powers conferred by Section 101(1) and (2) are hereby extended in relation to the Current Issuer as if such extensions were contained in the 1925 Act such that at any time after the security constituted by this Current Issuer Deed of Charge has become enforceable in accordance with Clause 7.2 (Enforceable) above, the Note Trustee may in its absolute discretion: (a) make demand in the name of the Current Issuer Secured Creditors or in its own right for any monies and liabilities in respect of the Current Issuer Charged Property; (b) enforce any rights it may have in respect of the whole or any part of the Current Issuer Charged Property in such manner and upon such terms as the Note Trustee shall think fit; (c) take possession of, get in and collect the Current Issuer Charged Property and perfect interests comprised therein; (d) (subject to any restrictions under or in respect of the relevant Current Issuer Charged Property) sell, transfer, convey, dispose of, vary or otherwise deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of Current Issuer Charged Property or any interest therein in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment or payment by instalments) as it may think fit and/or to concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor); (e) carry out any transaction, scheme or arrangement which the Note Trustee may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property; (f) do all or any of the things or exercise all or any of the powers, authorities and discretions conferred expressly or by implication on any Receiver under Clause 9.6 (Powers of the Receiver) or otherwise under this Current Issuer Deed of Charge; and/or (g) exercise all or any of the powers conferred on mortgagees by the 1925 Act as varied or extended by this Current Issuer Deed of Charge and any other rights and remedies that may be conferred by statute or common law or in equity on mortgagees or receivers.

Appears in 1 contract

Samples: Issuer Deed of Charge (Granite Mortgages 04-3 PLC)

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