Common use of Other Remedies Available Clause in Contracts

Other Remedies Available. 23.1 The Bank shall be at liberty but not bound to resort to any other means of payment at any time and in any order as it may deem fit without thereby diminishing or discharging the liability of the Assignor, this Assignment or the Assigned Property, and the Bank may exercise the rights hereunder either for payment of the ultimate balance after resorting to other means of payment or for the balance due at any time notwithstanding that other means of payment have not been resorted to and in the latter event without entitling the Assignor to any benefit from such other means of payment so long as any Secured Obligation is outstanding. 23.2 For the purposes of all powers implied by statute, the Secured Obligations are deemed to have become due and payable on the date of this Assignment. 23.3 The statutory powers of leasing conferred on the Bank are extended so as to authorise the Bank to lease, make agreements for leases, accept surrenders of leases and grant options as the Bank may think fit and without the need to comply with any provision of section 23 of the Conveyancing and Law of Property Act (Chapter 61) of Singapore. 23.4 Sections 21(1) and 25 of the Conveyancing and Law of Property Act (Chapter 61) of Singapore shall not apply to this Assignment or to any security given to the Bank pursuant hereto and in addition and without prejudice to any right of consolidation, none of the property of the Assignor which at the date hereof is or which at any time hereafter shall become subject to a mortgage or charge in favour of or vested in the Bank shall be redeemed except on payment of not only all moneys thereby secured but also all moneys secured by this Assignment.

Other Remedies Available. 23.1 The Bank shall be at liberty but not bound to resort to any other means of payment at any time and in any order as it may deem fit without thereby diminishing or discharging the liability of the AssignorCompany, this Assignment Deed or the Assigned Charged Property, and the Bank may exercise the rights hereunder either for payment of the ultimate balance after resorting to other means of payment or for the balance due at any time notwithstanding that other means of payment have not been resorted to and in the latter event without entitling the Assignor Company to any benefit from such other means of payment so long as any Secured Obligation Amount is outstanding. 23.2 . For the purposes of all powers implied by statute, the Secured Obligations Amounts are deemed to have become due and payable on the date of this Assignment. 23.3 Deed. The statutory powers of leasing conferred on the Bank are extended so as to authorise the Bank to lease, make agreements for leases, accept surrenders of leases and grant options as the Bank may think fit and without the need to comply with any provision of section 23 of the Conveyancing and Law of Property Act (Chapter 61) of Singapore. 23.4 CLP Act. Sections 21(1) and 25 of the Conveyancing and Law of Property CLP Act (Chapter 61) of Singapore shall not apply to this Assignment Deed or to any security given to the Bank pursuant hereto and in addition and without prejudice to any right of consolidation, none of the property of the Assignor Company which at the date hereof is or which at any time hereafter shall become subject to a mortgage or charge in favour of or vested in the Bank shall be redeemed except on payment of not only all moneys thereby secured but also all moneys secured by this AssignmentDeed. The power of sale and other powers conferred by section 24 of the CLP Act, as amended by this Deed, will be immediately exercisable at any time after the Security Interest created by and pursuant to this Deed has become enforceable.