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Debentures on incumbered Land.
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10. If the Charge proposed to be created by Debenture is to be puisne or subject to any other Incumbrance the Court shall have regard thereto, and shall estimate such other Incumbrance at its full Value; and shall so limit the Debentures which it may think fit to issue, that their Amount shall be as amply secured as Debentures would be if charged on unincumbered Land to an Amount not exceeding Ten Times the yearly Value thereof.
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