Common use of Mortgages and dealings Clause in Contracts

Mortgages and dealings. (a) The Seller may: (i) mortgage or charge its interest in the Land or the Lot (or any part of its interest); (ii) obtain further advances on the security of the Land or the Lot; and (iii) enter into joint ventures or other agreements in connection with the Development. (b) The Buyer consents to the Seller doing any of the things mentioned in clause 23.1(a) including for the purpose of any consent required under the Property Law Act if this contract is an instalment contract.

Appears in 4 contracts

Samples: Contract of Sale, Contract of Sale, Contract of Sale

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