Common use of Land Registry Clause in Contracts

Land Registry. If the consent of the landlord in whom the reversion of a lease is vested is required for a English Security Provider to execute a legal mortgage over it, that English Security Provider will not be required to perform that obligation unless and until it has obtained the landlord’s consent. That English Security Provider must use its reasonable endeavours to obtain the landlord’s consent.

Appears in 2 contracts

Sources: Intercreditor and Security Trust Agreement (Waterford Wedgwood PLC), Intercreditor and Security Trust Agreement (Waterford Wedgwood PLC)