Common use of Mortgagee’s Consent Clause in Contracts

Mortgagee’s Consent. 9.1 The Mortgagee acknowledges and declares that this Deed has been entered into by the [Owner(s)/Developer] with its consent and that the Site shall be bound by the obligations contained in this Deed and that the security of the mortgage over the Site shall take effect subject to this Deed PROVIDED THAT the Mortgagee shall otherwise have no liability under this Deed unless it takes possession of the Site in which case it too will be bound by the obligations as if it were a person deriving title from the Owner.

Appears in 3 contracts

Samples: www.suffolk.gov.uk, www.suffolk.gov.uk, www.suffolk.gov.uk

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Mortgagee’s Consent. 9.1 8.1 The Mortgagee acknowledges and declares that this Deed has been entered into by the [Owner(s)/Developer] Owner with its consent and that the Site shall be bound by the obligations contained in this Deed and that the security of the mortgage over the Site shall take effect subject to this Deed PROVIDED THAT the Mortgagee shall otherwise have no liability under this Deed unless it takes possession of the Site in which case it too will be bound by the obligations as if it were a person deriving title from the Owner.

Appears in 2 contracts

Samples: www.folkestone-hythe.gov.uk, www.folkestone-hythe.gov.uk

Mortgagee’s Consent. 9.1 13.1 The Mortgagee acknowledges and declares that this Deed has been entered into by the [Owner(s)/Developer] Owner with its consent and that the Site shall be bound by the obligations contained in this Deed and that the security of the mortgage over the Site shall take effect subject to this Deed PROVIDED THAT the Mortgagee shall otherwise have no liability under this Deed unless it takes possession of the Site in which case it too will be bound by the obligations as if it were a person deriving title from the Owner.

Appears in 1 contract

Samples: myplanning.warrington.gov.uk

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Mortgagee’s Consent. 9.1 The Mortgagee acknowledges and declares that this Deed has been entered into by the [Owner(s)/Developer] Owner with its consent and that the Site shall be bound by the obligations contained in this Deed and that the security of the mortgage over the Site shall take effect subject to this Deed PROVIDED THAT the Mortgagee shall otherwise have no liability under this Deed unless it takes possession of the Site in which case it too will be bound by the obligations as if it were a person deriving title from the Owner.

Appears in 1 contract

Samples: Deed

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