Powers in augmentation. The powers conferred on a mortgagee by law: (a) are in addition to the Powers conferred by this Deed or any Collateral Security; (b) (to the extent permitted by law) may be exercised by the Mortgagee immediately an Event of Default occurs and at any time subsequently; and (c) are excluded or varied only so far as they are inconsistent with the express terms of this Deed or any Collateral Security.
Appears in 2 contracts
Sources: Deed of Charge (Lihir Gold LTD), Fixed and Floating Charge (Home Security International Inc)
Powers in augmentation. The powers conferred on a mortgagee by law:
(a) are in addition to the Powers conferred by this Deed or any Collateral Securitydeed;
(b) (to the extent permitted by law) may be exercised by the Mortgagee Security Trustee immediately an Event of Default occurs after the Charge becomes enforceable under this deed and at any time subsequently; and
(c) are excluded or varied only so far as they are inconsistent with the express terms of this Deed deed or any Collateral Security.
Appears in 1 contract
Sources: Security Trust Deed (Westpac Securitisation Management Pty LTD)