SCHEDULES

SCHEDULE 1 DISCHARGE OF MORTGAGES ETC.: SUPPLEMENTARY PROVISIONS

Part I Discharge In Pursuance Of Purchase Notices

Construction

1

In this Part of this Schedule—

  • “the consideration payable” means the consideration payable to F1the purchaser for the disposal by him of the property referred to in F2section 12B(7);

  • “F1the purchaser” has the same meaning as in section 12, and accordingly includes any person to whom that section applies by virtue of F3section 16(4) or (5); and

  • “the nominated person” means the person or persons nominated as mentioned in F4section 12B(2).