Common use of Extension of Appointment Clause in Contracts

Extension of Appointment. The exclusion of any part of the Funding Charged Property from the appointment of the Receiver shall not preclude the Security Trustee from subsequently extending its appointment (or that of the Receiver replacing it) to that part of the Funding Charged Property or appointing another Receiver over any other part of the Funding Charged Property.

Appears in 6 contracts

Sources: Funding Deed of Charge (Granite Mortgages 03-2 PLC), Fund (Holmes Financing No 6 PLC), Second Priority Funding Deed of Charge (Granite Mortgages 04-1 PLC)