Common use of Notice Not Required Clause in Contracts

Notice Not Required. To the extent permitted by law (but without prejudice to any express requirement in a Finance Document): (a) the Mortgagor dispenses with any notice or lapse of time required by law before enforcing this Deed or any Collateral Security or exercising any Power; and (b) without limitation the Mortgagor agrees that: (i) no Mortgagee is required to give notice to any person before enforcement or exercise; (ii) any law (including s57 of the Real Property ▇▇▇ ▇▇▇▇ (NSW) and s111 of the Conveyancing ▇▇▇ ▇▇▇▇ (NSW)) requiring the giving of notice or the compliance with a procedure or the lapse of time before enforcement or exercise is excluded; and (iii) where a law which cannot be excluded requires a period of notice to be given but allows the period to be specified or changed, that period is one day.

Notice Not Required. To the extent permitted by law (but without prejudice to any express requirement in a Finance Document): (a) the Mortgagor dispenses with any notice or lapse of time required by law before enforcing this Deed or any Collateral Security or exercising any Power; and (b) without limitation the Mortgagor agrees that: (i) no the Mortgagee is not required to give notice to any person before enforcement or exercise; (ii) any law (including s57 of the Real Property ▇▇▇ ▇▇▇▇ (NSW) and s111 of the Conveyancing ▇▇▇ ▇▇▇▇ (NSW)) requiring the giving of notice or the compliance with a procedure or the lapse of time before enforcement or exercise is excluded; and (iii) where a law which cannot be excluded requires a period of notice to be given but allows the period to be specified or changed, that period is one day.