Mortgagee's Powers. That without affecting the liability of any other person liable for the payment or performance of any obligation herein mentioned, and without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of all unpaid Secured Obligations, Mortgagee may, from time to time and without notice (i) release any person so liable, (ii) extend the maturity or alter any of the terms of the Secured Obligations, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option, any parcel, portion or all of the Mortgaged Property, (v) accept or release any other or additional security for the Secured Obligations, (vi) make compositions or other arrangements with debtors in relation thereto, or (vii) advance additional funds to protect the security hereof and pay or discharge the obligations of Mortgagor hereunder or under the Loan Documents, and all amounts so advanced, with interest thereon at the Default Rate set forth in the Note, shall be secured hereby.
Mortgagee's Powers. Without affecting the liability of any other person liable for the payment of any Obligation herein mentioned, and without affecting the first priority Lien and security interest or charge of this Mortgage upon any portion of the Collateral not then or theretofore released as security for the full amount of all unpaid Secured Obligations, Mortgagee may, from time to time and without notice, (a) release any persons liable, (b) extend the maturity or alter any of the terms of any such obligation, (c) permit the issuance of additional Loans and/or indebtedness under the Credit Agreement, (d) grant other indulgences, (e) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee’s option any parcel, portion or all of the Collateral, (f) take or release any other or additional security for any obligation herein mentioned, or (g) make compositions or other arrangements with Mortgagor in relation thereto.
Mortgagee's Powers. 8.1 If an Event of Default shall occur and be continuing and the Mortgagee shall demand repayment of all or any part of the Indebtedness, the amount of the Indebtedness to which the Mortgagee’s demand relates shall from the date of demand bear interest at the Default Rate, the security constituted by this Mortgage shall become immediately enforceable, and the Mortgagee shall be entitled to exercise all or any of the rights, powers, discretions and remedies vested in the Mortgagee by this Mortgage without any requirement for any court order or declaration that an Event of Default has occurred. The Mortgagee’s right to exercise those rights, powers, discretions and remedies shall be in addition to and without prejudice to all other rights, powers, discretions and remedies to which it may be entitled, whether by law or otherwise. The Mortgagee shall be entitled to exercise its rights, powers, discretions and remedies despite any rule of law or equity to the contrary, and whether or not any previous default shall have been waived, and in particular without any limitations imposed by law.
8.2 In the circumstances described in Clause 8.1, the Mortgagee shall be entitled (but not obliged) to:
8.2.1 take possession of the Vessel wherever she may be;
8.2.2 discharge the master and crew of the Vessel and employ a new master and crew;
8.2.3 navigate the Vessel to such places as the Mortgagee may decide or detain or lay up the Vessel;
8.2.4 in the name of the Mortgagee or the name of the Owner, demand, sxx for, receive and give a good receipt for all sums due to the Owner in connection with the Vessel and, in the name of the Mortgagee or the name of the Owner or the name of the Vessel, commence such legal proceedings as it may consider appropriate, or conduct the defence of any legal proceedings commenced against the Vessel or the Owner, in its capacity as owner of the Vessel, the Owner, by its execution of this Mortgage, expressly assigning and granting to the Mortgagee the power and authority to do so;
8.2.5 sell the Vessel or any share therein in any part of the world with or without prior notice to the Owner and with or without the benefit of any charterparty or other subsisting contract of employment by public auction or private contract and upon such terms as the Mortgagee in its absolute discretion may determine with power to postpone any such sale and without being answerable for any loss occasioned by such sale or resulting from postponement thereof; PROVIDED...
Mortgagee's Powers. (a) The Mortgagee’s powers of enforcement include the power to:
(i) assume control of, and to have it or its nominee registered as holder of legal title to, any Collateral;
(ii) sell, exchange, grant options over, or otherwise dispose of, any Collateral by any method, at any time and on any terms, it thinks fit or to postpone doing of any of these things;
(iii) complete, date and deliver any document delivered to it under this Deed; and
(iv) exercise any other right, power or remedy given to it under this Deed (including to appoint a Receiver) or provided by law.
(b) The Mortgagee may do (or refrain from doing) any of these things in any manner it thinks fit.
Mortgagee's Powers. Subject always to the provisions of the Fourth Priority Security Co-ordination Deed, if an Event of Default shall occur and the Mortgagee shall demand repayment of all or any part of the Secured Obligations, the security constituted by this Deed shall become immediately enforceable and at any time thereafter whilst such event shall be continuing the Mortgagee shall be entitled to exercise all or any of the rights, powers, discretions or remedies vested in the Mortgagee by this Clause without any requirement for any court order or declaration that an
Mortgagee's Powers. Subject always to the provisions of the Fourth Priority Security Co-ordination Deed, if an Event of Default shall occur and the Mortgagee shall demand repayment of all or any part of the Secured Obligations, the security constituted by this Deed shall become immediately enforceable and at any time thereafter whilst such event shall be continuing the Mortgagee shall be entitled to exercise all or any of the rights, powers, discretions or remedies vested in the Mortgagee by this Clause without any requirement for any court order or declaration that an Event of Default has occurred. The Mortgagee’s right to exercise those rights, powers, discretions and remedies shall be in addition to and without prejudice to all other rights, powers, discretions and remedies to which they may be entitled, whether by law or otherwise. The Mortgagee shall be entitled to exercise their rights, powers, discretions and remedies despite any rule of law or equity to the contrary, and whether or not any previous default shall have been waived, and in particular without any limitations imposed by law.
Mortgagee's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of all unpaid obligations, Mortgagee or any Lender may, from time to time and without notice (i) release any person so liable, (ii) extend the maturity or alter any of the terms of any such obligation, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. For purposes of clarification, this Section 1.21 does not grant Mortgagee the right to modify the terms of the Loan without Mortgagor's consent.
Mortgagee's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and without affecting the lien or charge of this Mortgage upon any portion of the Premises not then or theretofore released as security for the full amount of all unpaid obligations, Mortgagee may, from time to time and without notice: (i) release any person so liable; (ii) extend the maturity or alter any of the terms of any such obligation; (iii) grant other indulgences; (iv) release or reconvey, or cause to be released or reconveyed, at any time at Mortgagee's option, any parcel, portion or all of the Premises; (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto.
Mortgagee's Powers. 19 2.17. Financial Statements; Annual Rent Roll...........................................................20 2.18. Mortgagor's Existence and Authorizations.........................................................20 2.19.
Mortgagee's Powers. 22 1.21 Tradenames; Fictitious Name Registration............................22 1.22
