Common use of RIGHT OF CONSOLIDATION Clause in Contracts

RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Borrower 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 Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreement.

RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) 1886 (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Borrower 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 Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreement.

RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Mortgagor and the Borrower 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 Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreement.

RIGHT OF CONSOLIDATION. Section 21(1(1) of the Conveyancing and Law of Property Act (Cap. 61) 1886 (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Borrower 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 Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreement.

RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property said Act (Cap. 61) (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Mortgagor and the Borrower 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 Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreementthe Security Documents.

RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property said Act (Cap. 61) (restricting the right of consolidation) shall not apply to this Agreementsecurity, and in addition and without prejudice to any right of consolidation, consolidation none of the properties property of the Borrower which at the date hereof is or which at any time hereafter shall become subject to a mortgage or a charge in favour of or vested in the Lender shall be redeemed except on in payment of not only of all moneys thereby secured but also all moneys secured by this AgreementDebenture.

RIGHT OF CONSOLIDATION. Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) 1886 (restricting the right of consolidation) shall not apply to this Agreement, and in addition and without prejudice to any right of consolidation, none of the properties of the Mortgagor and the Borrower 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 Lender shall be redeemed except on payment of not only of all moneys thereby secured but also all moneys secured by this Agreement.