Common use of Cumulative Powers Clause in Contracts

Cumulative Powers. The powers which this Indenture confers on the Security Trustee and any Receiver appointed hereunder are cumulative, without prejudice to their respective powers under the Applicable Law and any Financing Document, and may be exercised as often as the Security Trustee or the Receiver thinks appropriate in accordance with these presents; the Security Trustee or the Receiver may, in connection with the exercise of their powers, join or concur with any Person in any transaction, scheme or arrangement whatsoever; and the Borrower acknowledges that the respective powers of the Security Trustee and the Receiver shall in no circumstances whatsoever be suspended, waived or otherwise prejudiced by anything other than an express waiver or variation in writing by the Security Trustee or Receiver as relevant.

Appears in 1 contract

Sources: Indenture of Mortgage

Cumulative Powers. The powers which this Indenture Deed confers on the Security Debenture Trustee and any Receiver receiver appointed hereunder are cumulative, cumulative and without prejudice to their respective general powers under the Applicable Law and any Financing Document, applicable law and may be exercised as often as the Security Debenture Trustee or the Receiver thinks may deem fit and appropriate in accordance with these presents; and the Security Debenture Trustee or the Receiver may, in connection with the exercise of their its powers, join or concur with any Person person in any transaction, scheme or arrangement whatsoever; whatsoever and the Borrower Company acknowledges that the respective powers of the Security Debenture Trustee and or the Receiver appointed hereunder shall in no circumstances whatsoever be suspended, waived or otherwise prejudiced by anything other than an express waiver or variation in writing by the Security Trustee or Receiver as relevantwriting.

Appears in 1 contract

Sources: Secured Debenture Trust Deed

Cumulative Powers. The powers which this Indenture Deed confers on the Security Debenture Trustee are cumulative and any Receiver appointed hereunder are cumulative, without prejudice to their respective general powers under the Applicable Law and any Financing Document, and may be exercised as often as the Security Debenture Trustee or may deem fit and appropriate and upon the Receiver thinks appropriate in accordance with these presents; occurrence of an Event of Default and such default continuing even after the Security expiry of the Cure Period, the Debenture Trustee or the Receiver may, in connection with the exercise of their its powers, join or concur with any Person person in any transaction, scheme or arrangement whatsoever; whatsoever and the Borrower Company acknowledges that the respective powers of the Security Debenture Trustee and the Receiver appointed hereunder shall in no circumstances whatsoever be suspended, waived or otherwise prejudiced by anything other than an express waiver or variation in writing by the Security Trustee or Receiver as relevantwriting.

Appears in 1 contract

Sources: Debenture Trust Deed

Cumulative Powers. The powers which this Indenture Deed confers on the Security Debenture Trustee and any Receiver appointed hereunder are cumulative, without prejudice to their respective powers under the Applicable Law and any Financing Documentand/or this Deed, and may be exercised as often as the Security Debenture Trustee or the Receiver thinks appropriate in accordance with these presents; the Security . The Debenture Trustee or the Receiver may, in connection with the exercise of their powers, join or concur with any Person person in any transaction, scheme or arrangement whatsoever; whatsoever and the Borrower Company acknowledges that the respective powers of the Security Debenture Trustee and the Receiver shall in no circumstances whatsoever be suspended, waived or otherwise prejudiced by anything other than an express waiver or variation in writing by the Security Debenture Trustee or Receiver the Receiver, as relevant.

Appears in 1 contract

Sources: Debenture Trust Deed