Mortgages Act definition
Examples of Mortgages Act in a sentence
Notwithstanding anything to the contrary herein contained, none of the parties hereto waives any claim that it may have against a Term Loan Agent or an ABL Agent, as applicable, on the grounds that any sale, transfer or other disposition by such Term Loan Agent or ABL Agent (as applicable) was not commercially reasonable to the extent required by the Uniform Commercial Code, the PPSA, the Mortgages Act or other applicable law.
Notwithstanding anything to the contrary herein contained, none of the parties hereto waives any claim that it may have against a Term Loan Agent or the ABL Agent, as applicable, on the grounds that any sale, transfer or other disposition by such Term Loan Agent or ABL Agent (as applicable) was not commercially reasonable to the extent required by the Uniform Commercial Code, the PPSA, the Mortgages Act or other applicable law.
Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Term Loan Priority Collateral or other collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code, PPSA or the Mortgages Act of any applicable jurisdiction and of a secured creditor under Debtor Relief Laws of any applicable jurisdiction.
The Lender hereby agrees that the priority among the Senior Secured Parties with respect to the repayment of all amounts secured by the respective General Security Agreements shall be determined without reference to the Land Titles Act (Ontario), the Mortgages Act (Ontario), the PPSA or to any other legal or equitable principles respecting priorities, but instead shall be determined first to MFI Export, Inc.
Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Term Loan Priority Collateral or other collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code, the PPSA , the Mortgages Act or other applicable law, and of a secured creditor under Debtor Relief Laws of any applicable jurisdiction.
This charge shall be deemed to be a charge to which the Mortgages Act, R.S.O. 1990 c.M.40 applies.
The said charge shall be deemed to be a charge to which the Mortgages Act, R.S.O. 1990, c.
Any balance will be paid to mortgagees, others and the Owner in accordance with their priorities, as stated in the Mortgages Act.
It may confer a good title on a purchaser by delivering the materials referred to in section 35 of the Mortgages Act with all necessary changes.
Notwithstanding any provision in a mortgage or subsection 6(2) of the Mortgages Act, a mortgagee may not require the proceeds payable under an insurance policy on a Unit to be applied towards the discharge of the mortgage and the registration of a mortgage, shall constitute waiver by the mortgagee of any such rights.