POWER OF. SALE Sections 93 and 103 of the Law of Property Act 1925 shall not apply in relation to any Security created und▇▇ ▇▇▇▇ Deed or any relevant Loan Note Supplement, nor in relation to a Receiver appointed under Clause 8. Notwithstanding any other provision of this Deed, the Loan Notes of any Series shall be deemed for the purposes of Section 101 of the Law of Property Act 1925 to have become due within the meaning of that Section a▇▇ ▇▇▇ ▇ower of sale and other powers conferred on mortgagees by the Law of Property Act 1925 as varied or extended by this Deed and any relevant Loa▇ ▇▇▇▇ ▇upplement including the power to appoint a Receiver shall arise immediately on execution of the relevant Loan Note Supplement.
Appears in 2 contracts
Sources: Security Trust Deed (Arran Funding LTD), Security Trust Deed (Arran Funding LTD)