Charged Properties definition
Examples of Charged Properties in a sentence
Charged Properties: properties specifically charged to secure Bank Borrowing.
Value: the [aggregate] market value of the [Property] [Charged Properties] evidenced by the most recent valuation addressed to the Bank, from [a valuer] [valuers] acceptable to the Bank.
Peak Bank Borrowing: maximum Bank Borrowing at close of business on any day less any sums subsequently received in permanent reduction of Bank Borrowing from the proceeds of any [Charged Properties / part of the Property].
Consequently, such members of the public would have, thereafter irrevocably ceased to monitor the procedure implemented by Credit Suisse and, ultimately, dismissed the possibility of attending and participating at the auction of the Charged Properties.
The terms of the current loan facility states that the borrower shall ensure that the Value of the Charged Properties shall not be less than 100 per cent of the aggregate principal amount of the loans less any balance standing to the credit of the Deposit Account.
The parties have agreed that should Credit Suisse succeed in its application it will be awarded costs in the sum of US$5000, which would be a treated as a charge against the sale of the Charged Properties.
Valuation Date: the date on which a valuation of the [Property / Charged Properties] is delivered to the Bank.
Restated, if members of the public have been wrongfully led to believe that they would not be able to attend and participate at the auction of the Charged Properties (or indeed that there was no auction in the offing) and consequently ceased and active pursuit of the purchase of the properties or monitoring thereof, any auction subsequently effected would – in reality – be to their wrongful exclusion and could not therefore be characterized as a public auction.
Gross Rental Income: rental income received by the Customer from the [Property / Charged Properties].
This must be done in a manner that ensures the fullest competition and parity between bidders, Credit Suisse is obliged to make the confidentiality information available to members of the public who indicate an interest in bidding for the sale of the Charged Properties.