[(1) Schedule 2A (which supplements sections 72B to 72G) shall have effect.
(2) The Secretary of State may by order—
(a) insert into this Act provision creating an additional exception to section 72A(1) or (2);
(b) provide for a provision of this Act which creates an exception to section 72A(1) or (2) to cease to have effect;
(c) amend section 72A in consequence of provision made under paragraph (a) or (b);
(d) amend any of sections 72B to 72G;
(e) amend Schedule 2A.
(3) An order under subsection (2) must be made by statutory instrument.
(4) An order under subsection (2) may make—
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The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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