THE CHARGEE Clause Samples
The "Chargee" clause defines the party that holds a security interest or charge over certain assets, typically as collateral for a loan or other financial obligation. In practice, this clause identifies the lender or secured party who has legal rights to the charged assets if the borrower defaults. For example, in a mortgage agreement, the bank would be the chargee with the right to enforce the security. The core function of this clause is to clearly designate the party entitled to enforce the security interest, thereby ensuring clarity and reducing disputes over rights to the collateral.
THE CHARGEE. The Chargee may assign or transfer its rights and/or obligations under this Deed in accordance with, and following the procedure set out in, the Management Agreement and may disclose any information in its possession relating to the Chargor to any actual or prospective assignee, transferee or participant. The consent of the Chargor shall not be required for any such assignment or transfer.
THE CHARGEE. CONSOLIDATED WATER CO. LTD.
THE CHARGEE. SIGNED, SEALED and DELIVERED ) by ) as attorney for and on behalf of ) /S/ ILLEGIBLE DURABLE ELECTRICAL METAL ) FACTORY LIMITED ) as its Deed in the presence of )
THE CHARGEE. EXECUTED AS A DEED for and on behalf of [●] in the presence of: ) ) ) ) ) ) )
THE CHARGEE. The Chargee for itself and its successors in title consents to the Owner entering into this Agreement and covenants with the Council (and the County) that in the event that the Chargee takes possession of the Land or any part of it and/or exercising its power of sale under the provisions of the Charge then the Chargee and its successors in title will observe and perform and be bound by the terms and conditions of this Agreement so far as the same remain to be observed and performed.
THE CHARGEE. EXECUTED and DELIVERED )
THE CHARGEE. The Chargee may assign and transfer all of its respective rights and obligations hereunder to a replacement Chargee appointed in accordance with the terms of the Shareholders Agreement. Upon such assignment and transfer taking effect, the replacement Chargee shall be and be deemed to be acting as Chargee for the Secured Parties for the purposes of this Mortgage in place of the old Chargee.
THE CHARGEE. Executed by
THE CHARGEE