Common use of Redemption of prior mortgages Clause in Contracts

Redemption of prior mortgages. At any time after the security constituted by this Deed has become enforceable, the Security Trustee may:- (a) redeem any prior Security Interest against any Security Asset; and/or (b) procure the transfer of that Security Interest to itself; and/or (c) settle and pass the accounts of the prior mortgagee, chargee or encumbrancer; any accounts so settled and passed shall be conclusive and binding on the Chargor. All principal moneys, interest, costs, charges and expenses of and incidental to any such redemption and/or transfer shall be paid by the Chargor to the Security Trustee on demand.

Redemption of prior mortgages. At The Security Trustee may, at any time after the security constituted by this Deed Debenture has become enforceableenforceable in accordance with its terms, the Security Trustee may:- (a) redeem any prior Security Interest Lien against the Charged Assets or any Security Asset; and/or (b) part thereof or procure the transfer of that Security Interest thereof to itself; and/or (c) itself and may settle and pass the accounts of the prior mortgagee, chargee or encumbrancer; any . Any accounts so settled and passed shall be conclusive and binding on the Chargor. All principal moneys, interest, costs, charges and expenses of and incidental to any such redemption and/or and transfer shall be paid by the Chargor to the Security Trustee on demand.

Redemption of prior mortgages. At any time after the security constituted by this Deed Assignment has become enforceable, the Security Trustee may:-may: (a) redeem any prior Security Interest against any Security Asset; and/or (b) procure the transfer of that Security Interest to itself; and/or (c) settle and pass the accounts of the prior mortgagee, chargee or encumbrancer; any accounts so settled and passed shall be conclusive and binding on the ChargorCompany. All principal moneys, interest, costs, charges and expenses of and incidental to any such redemption and/or transfer shall be paid by the Chargor Company to the Security Trustee on demand.

Redemption of prior mortgages. At any time after the security constituted by this Deed Debenture has become enforceable, the Security Trustee may:-may: (a) redeem any prior Security Interest against any Security Asset; and/or (b) procure the transfer of that Security Interest to itself; and/or (c) settle and pass the accounts of the prior mortgagee, chargee or encumbrancer; any accounts so settled and passed shall be conclusive and binding on the Chargor. All principal moneys, interest, costs, charges and expenses of and incidental to any such redemption and/or transfer shall be paid by the Chargor to the Security Trustee on demand.

Redemption of prior mortgages. At any time after the security constituted by this Deed has become enforceable, the Security Trustee may:-Lender may: (a) redeem any prior Security Interest against any Security Asset; and/or (b) procure the transfer of that Security Interest to itself; and/or (c) settle and pass the accounts of the prior mortgagee, chargee or encumbrancer; any accounts so settled and passed shall be conclusive and binding on the Chargor. All principal moneys, interest, costs, charges and expenses of and incidental to any such redemption and/or transfer shall be paid by the Chargor to the Security Trustee Lender on demand.