Common use of Notice of subsequent Security Interests Clause in Contracts

Notice of subsequent Security Interests. (a) If any Mortgagee receives actual or constructive notice of a subsequent Security Interest affecting any of the Mortgaged Property it may open a separate account in the name of the Chargor in the books of that Mortgagee.

Notice of subsequent Security Interests. (a) If any Mortgagee receives actual or constructive notice of a subsequent Security Interest affecting any of the Mortgaged Property it may open a separate account in the name of the Chargor Mortgagor or the relevant Borrower in the books of that Mortgagee.

Notice of subsequent Security Interests. (a) If any the Mortgagee receives actual or constructive notice of a subsequent Security Interest affecting any of the Mortgaged Property it may open a separate account in the name of the Chargor Mortgagor in the books of that the Mortgagee.