Law of Property Xxx 0000 Sample Clauses
Law of Property Xxx 0000. Subject, in the case of the Current Issuer Jersey 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 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.
Law of Property Xxx 0000. The obligation on the part of the Senior Lenders to make further advances to the Borrowers under the Senior Facilities Agreement or on the part of any creditors under any other Senior Finance Document, as the case may be, shall be deemed to be incorporated in this Deed for the purposes of section 94(1)(c) Law of Property Xxx 0000.
Law of Property Xxx 0000. Sections 109(6) and 109(8) of the Law of Property Xxx 0000 shall not apply in relation to any Receiver appointed under Clause 7.1 (Enforcement).
Law of Property Xxx 0000. 15.4.1 The provisions of the 1925 Act relating to the power of sale and the other powers conferred by section 101(l) and (2) are hereby extended (as if such extensions were contained therein) to authorise the Chargee at its absolute discretion:
(a) to sell all the Chargor's title to or interest in the Charged Assets, and to do so for any shares, debentures or other securities whatsoever, 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 a Security Interest or a guarantee, or for such other consideration whatsoever as the Chargee may think fit, and also to grant any option to purchase, and to effect exchanges;
(b) with a view to selling the Charged Assets (or offering it for sale) to repair, replace and develop the Charged Assets and to apply for any appropriate permission, licence or approval;
(c) to sever any fixtures and to sell them apart from the land or buildings on or to which they are affixed, and also to apportion any rent affecting the property sold, to charge such rent upon the property sold or retained and to agree to indemnify by any means any purchaser in respect of such rent or any covenants, or to take an indemnity or reserve powers of entry in respect of the property sold or retained;
(d) with a view to or in connection with the sale of the Charged Assets, to carry out any transaction, scheme or arrangement which the Chargee may, in its absolute discretion, consider appropriate; and
(e) to insure the Charged Assets against such risks and for such amounts as the Chargee may consider prudent.
Law of Property Xxx 0000. If a contract is in a written form, and somebody signs it, then the signer is typically bound by its terms regardless of whether he has actually read it,[28] provided the document is contractual in nature.[29] However, affirmative defenses such as duress or unconscionability may enable the signer to avoid his purported obligation. Furthermore, if a party wishes to use a document as the basis of a contract, reasonable notice of its terms must be given to the other party prior to their entry into the contract.[30] This includes such things as tickets issued at parking stations. See also: Non est factum Contracts may be bilateral or unilateral. A bilateral contract is the kind of contract that most people think of when they think "contract" and indeed represents the vast majority of contracts. It is an agreement in which each of the parties to the contract makes a promise or set of promises to the other party or parties. For example, in a contract for the sale of a home, the buyer promises to pay the seller $200,000 in exchange for the seller's promise to deliver title to the property. In a unilateral contract, only one party to the contract makes a promise. A typical example is the reward contract: A promises to pay a reward to B if B finds A's dog. B is not under an obligation to find A's dog, but A is under an obligation to pay the reward to B if B does find the dog. The consideration for the contract here is B's reliance on A's promise or B giving up his legal right to do whatever he wanted at the time he was engaged in the finding of the dog. In this example, the finding of the dog is a condition precedent to A's obligation to pay, although it is not a legal condition precedent, because technically no contract here has arisen until the dog is found (because B has not accepted A's offer until he finds the dog, and a contract requires offer, acceptance, and consideration), and the term "condition precedent" is used in contract law to designate a condition of a promise in a contract. For example, if B promised to find A's dog, and A promised to pay B when the dog was found, A's promise would have a condition attached to it, and offer and acceptance would already have occurred. This is a situation in which a condition precedent is attached to a bilateral contract. Condition precedents can also be attached to unilateral contracts, however. This would require A to require a further condition to be met before he pays B for finding his dog. So, for example, A co...