Common use of REGISTRATION AS JOINT PROPRIETOR Clause in Contracts

REGISTRATION AS JOINT PROPRIETOR. Each of the Beneficiaries hereby confirms and agrees that it does not wish to be registered in accordance with Rule 146 of the Land Registration Rules 1925 as the joint proprietor of any mortgage or charge created pursuant to any Finance Document and accordingly authorises the Security Trustee to hold such mortgage or charge in its sole name as agent and trustee for the Beneficiaries and hereby requests HM Land Registry to register the Security Trustee as the sole proprietor of any such mortgage or charge.

REGISTRATION AS JOINT PROPRIETOR. Each of the Beneficiaries hereby confirms and agrees that it does not wish to be registered in accordance with Rule 146 of the Land Registration Rules 1925 as the joint proprietor of any mortgage or charge created pursuant to any Finance Document and accordingly authorises the Security Trustee to hold such mortgage or charge in its sole name as agent and trustee for the Beneficiaries and hereby requests HM the Land Registry to register the Security Trustee as the sole proprietor of any such mortgage or charge.