Common use of Satisfaction of Debts Clause in Contracts

Satisfaction of Debts. Without limiting clause 31, each Mortgagee shall accept the distribution of moneys under this clause in full and final satisfaction of all Secured Moneys owing to it, and any debt represented by any shortfall that exists after any final distribution under this clause is extinguished. -------------------------------------------------------------------------------- Page 29 SECURITY TRUST DEED ▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇ --------------------------------------------------------------------------------

Satisfaction of Debts. Without limiting clause 31, each Mortgagee shall accept the distribution of moneys under this clause in full and final satisfaction of all Secured Moneys -------------------------------------------------------------------------------- Page 27 Security Trust ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇ -------------------------------------------------------------------------------- owing to it, and any debt represented by any shortfall that exists after any final distribution under this clause is extinguished. -------------------------------------------------------------------------------- Page 29 SECURITY TRUST DEED ▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇ --------------------------------------------------------------------------------.