Legal Charge. 5.9. The Academy Trust must
Legal Charge. (a) The Recipient shall, as a condition precedent to the payment of any instalment of Xxxxx, execute a Legal Charge in favour of the Secretary of State in the form contained in Schedule [9] (subject to appropriate adjustments to be made by the Secretary of State) over any Fixed Asset or Assets to secure:
Legal Charge. Without prejudice to the generality of Clause 19.1 (General), the Chargor will forthwith at the request of the Security Trustee execute a legal mortgage, charge or assignment over all or any of the Security Assets subject to or intended to be subject to any fixed security hereby created in favour of the Security Trustee (as agent and trustee as aforesaid) in such form as the Security Trustee may require.
Legal Charge. Without prejudice to the generality of Clause 17.1 (General), the Chargor will forthwith at the request of the Administrative Agent execute a legal mortgage, charge or assignment over all or any of the Security Assets subject to or intended to be subject to any fixed security hereby created in favour of the Administrative Agent (as agent and trustee as aforesaid) in such form as the Administrative Agent may require but containing terms no more onerous than those in this Deed.
Legal Charge. 6F. In consideration that it has or will be obtaining a legal interest in the Land, such acquisition being financed by the Secretary of State, the Company:
Legal Charge. It is agreed that each Legal Charge is supplemental to this Deed and that, to the extent the provisions of this Deed duplicate those of any Legal Charge, the provisions of that Legal Charge shall prevail.
Legal Charge. Without prejudice to the generality of Clause 23.1 (General), each Obligor will forthwith at the request of the Borrower Security Trustee or (for as long as any amounts are outstanding under the Subordinated Facility Agreement) the Subordinated Security Trustee execute a legal mortgage, charge or assignment over all or any of its Charged Property subject to or intended to be subject to any fixed security hereby created in favour of the Borrower Security Trustee (for itself and as trustee as aforesaid) and the Subordinated Security Trustee (for itself and as trustee as aforesaid) either (i) in the case of any Mortgaged Property, substantially in the form set out in Schedule 8 (Form of Legal Charge) of this deed or (ii) in the case of any other Charged Property, containing terms no more onerous than those in this Deed.
Legal Charge. Consent to charge the Development Land to the Contractor’s Financier for the purposes of raising bridging loan facilities.
Legal Charge. In the event that (i) the assets of Global Payment Technologies (Europe) Limited as of the last day of any fiscal quarter of the Company exceeds 10% of the total consolidated assets of the Company and its Subsidiaries as of such date, (ii) the revenues of Global Payment Technologies (Europe) Limited for any period consisting of four consecutive fiscal quarters of the Company exceeds 10% of the total consolidated revenues of the Company and its Subsidiaries for such period, or (iii) the earnings of Global Payment Technologies (Europe) Limited for any period consisting of four consecutive fiscal quarters of the Company exceeds 10% of the total consolidated earnings of the Company and its Subsidiaries for such period, the Company will take such actions as are necessary to create in favor of the Lender a legal charge (as that term is understood under the laws of the United Kingdom) with respect to 65% of the issued and outstanding shares of Global Payment Technologies (Europe) Limited, including, without limitation, the delivery of a charge agreement substantially in the form previously delivered to the Company. On or prior to August 15, 1999, the Company shall deliver to the Lender a consent executed by each shareholder of Global Payment Technologies (Europe) Limited (other than the Company) wherein such shareholder consents to the granting by the Company of a legal charge on its shares of Global Payment Technologies (Europe) Limited in favor of the Lender and to the transfer by the Lender of such shares to any third party without any claim of a right of first refusal, preemptive right or other similar right or restriction.
Legal Charge. As security for the Secured Liabilities, each of the Chargors shall promptly execute and deliver to the Security Trustee such legal charge of such of its Real Property from time to time in England and/or Wales as the Security Trustee requires. The Chargors shall promptly apply to the Land Registry for registration of any such legal charge in the same way as set out in paragraphs (a)-(e) of Clause 7.3 (Future Real Property), unless the Security Trustee gives notice to that Chargor in relation to registration of such legal charge in the same way as set out in Clause 7.3 (Future Real Property).
