Common use of STATUTORY RESTRICTIONS Clause in Contracts

STATUTORY RESTRICTIONS. No restrictions imposed by any applicable law on any immediate or other power of sale, application of proceeds or on any other right or on the consolidation of mortgages or other Encumbrances shall apply to this Deed, the Lender or any Receiver or to any Encumbrance given to the Lender pursuant to this Deed.

Appears in 4 contracts

Sources: Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.)

STATUTORY RESTRICTIONS. No restrictions imposed by any applicable law on any immediate or other power of sale, application of proceeds or on any other right or on the consolidation of mortgages or other Encumbrances Encumbrance shall apply to this Deed, the Lender or any Receiver or to any Encumbrance given to the Lender pursuant to this Deed.

Appears in 4 contracts

Sources: Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.)