Common use of RIGHT OF CONSOLIDATION Clause in Contracts

RIGHT OF CONSOLIDATION. 29.1 Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) (restricting the right of consolidation) shall not apply to this security, and in addition and without prejudice to any right of consolidation, none of the undertaking assets and properties 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 SIF shall be redeemed except on payment of not only all moneys thereby secured but also of all moneys secured by this Deed and/or the Facility Letter and/or the Security Documents.

RIGHT OF CONSOLIDATION. 29.1 Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) (restricting the right of consolidation) shall not apply to this security, and in addition and without prejudice to any right of consolidation, none of the undertaking assets and properties 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 SIF shall be redeemed except on payment of not only all moneys thereby secured but also of all moneys secured by this Deed and/or the Facility Letter and/or the Security Documents.

RIGHT OF CONSOLIDATION. 29.1 Section 21(1) of the Conveyancing and Law of Property Act (Cap. Chapter 61) (restricting the right of consolidation) shall not apply to this securitythe security created by the Security Documents, and in addition and without prejudice to any right of consolidation, consolidation none of the undertaking assets and 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 SIF the Lender shall be redeemed except on payment of not only all moneys thereby secured but also of all moneys secured by this Deed and/or the Facility Letter and/or Agreement and the Security Documents.

RIGHT OF CONSOLIDATION. 29.1 Section 21(1) of the Conveyancing and Law of Property Act (Cap. 61) 1886 (restricting the right of consolidation) shall not apply to this security, and in addition and without prejudice to any right of consolidation, none of the undertaking assets and properties 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 SIF SingFinance shall be redeemed except on payment of not only all moneys thereby secured but also of all moneys secured by this Deed and/or the Facility Letter and/or the Security Documents.