Common use of PRESERVATION OF THE MORTGAGEE’S RIGHTS Clause in Contracts

PRESERVATION OF THE MORTGAGEE’S RIGHTS. 12.1 The liabilities under this Deed of each of the Mortgagors and the rights under this mortgage of the Mortgagee, or an attorney appointed under this Deed are not affected by: 12.1.1 the Mortgagee or another person granting time or other indulgence (with or without the imposition of an additional burden) to, compounding or compromising with, or wholly or partially releasing the Mortgagor or another person in any way; 12.1.2 invalidity or unenforceability of any of the obligations or liabilities of the Mortgagor under the Agreement and/or the Share Swap Agreement; 12.1.3 invalidity or irregularity in the execution of this Deed, the Agreement or the Share Swap Agreement by the Mortgagor or any deficiency in the powers of the Mortgagor to enter into or observe its obligations under this Deed, the Agreement or the Share Swap Agreement; 12.1.4 any other charge, guarantee or other security or right or remedy being or becoming held by or available to the Mortgagee or by any of the same being or becoming wholly or partly void, voidable, unenforceable or impaired or by the Mortgagee at any time releasing, refraining from enforcing, varying or in any other way dealing with any of the same or any power, right or remedy the Mortgagee may now or hereafter have from or against the Mortgagor or any other person or the granting of any time or indulgence to the Mortgagor or any other person; 12.1.5 any variation or modification of the Agreement, the Share Swap Agreement or any other document referred to therein; and/or 12.1.6 any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Deed or the liability of the Mortgagor hereunder.

PRESERVATION OF THE MORTGAGEE’S RIGHTS. 12.1 The liabilities under this Deed of each of the Mortgagors Mortgagor and the rights under this mortgage of the Mortgagee, or an attorney appointed under this Deed are not affected by: 12.1.1 the Mortgagee or another person granting time or other indulgence (with or without the imposition of an additional burden) to, compounding or compromising with, or wholly or partially releasing the Mortgagor or another person in any way; 12.1.2 invalidity or unenforceability of any of the obligations or liabilities of the Mortgagor under the Agreement and/or the Share Swap Agreement; 12.1.3 invalidity or irregularity in the execution of this Deed, the Agreement or the Share Swap Agreement by the Mortgagor or any deficiency in the powers of the Mortgagor to enter into or observe its obligations under this Deed, the Agreement or the Share Swap Agreement; 12.1.4 any other charge, guarantee or other security or right or remedy being or becoming held by or available to the Mortgagee or by any of the same being or becoming wholly or partly void, voidable, unenforceable or impaired or by the Mortgagee at any time releasing, refraining from enforcing, varying or in any other way dealing with any of the same or any power, right or remedy the Mortgagee may now or hereafter have from or against the Mortgagor or any other person or the granting of any time or indulgence to the Mortgagor or any other person; 12.1.5 any variation or modification of the Agreement, the Share Swap Agreement or any other document referred to therein; and/or 12.1.6 any act, omission, event or circumstance which would or may but for this provision operate to prejudice, affect or discharge this Deed or the liability of the Mortgagor hereunder.