Template:Nutshell 2018 CSD 8(a): Difference between revisions

Template:Nutshell 2018 CSD 8(a) (view source)

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-:(i)	'''General'''. <br>
-::(A)	For the purposes of all powers implied by statute, the {{imcsdprov|Obligations}} are deemed to have become due and payable on the date of this Deed. <br>
-::(B)	Section 103 (restricting the power of sale) and section 93 (restricting the right of consolidation) of the Act shall not apply to this Deed. <br>
 :(ii)	'''{{imcsdprov|Secured Party’s Rights}}'''. If at any time a {{imcsdprov|Secured Party Rights Event}} has occurred and is continuing, then, unless the {{imcsdprov|Chargor}} has paid in full all of its {{imcsdprov|Obligations}}, the {{imcsdprov|Secured Party}} shall, without prior notice to the {{imcsdprov|Chargor}}, be entitled to put into force and to exercise immediately or as and when it may see fit any and every power possessed by the {{imcsdprov|Secured Party}} by virtue of this {{imcsdprov|Deed}} or available to a secured creditor and in particular (but without limitation) the {{imcsdprov|Secured Party}} shall have power in respect of {{imcsdprov|Posted Credit Support (IM)}}:
 ::(A)	to sell all or any of the {{imcsdprov|Posted Credit Support (IM)}} (other than {{imcsdprov|Posted Credit Support (IM)}} in the form of cash) in any manner permitted by law upon such terms as the {{imcsdprov|Secured Party}} shall in its absolute discretion determine;