chargeholder definition
Examples of chargeholder in a sentence
The parties acknowledge and agree that the Chargeholder is the holder of a mortgage encumbering the Lands which was registered in the LTO under number and an Assignment of Rents which was registered in the LTO under number (collectively, the “Bank Charges”).
The Chargeholder, in consideration of the premises and the sum of One Dollar ($1.00) now paid to the Chargeholder by the Transferee, hereby approves of, joins in and consents to the granting of the within Agreement and covenants and agrees that the same shall be binding upon its interest in or charge upon the Lands and shall be an encumbrance upon the Lands prior to the Charge in the same manner and to the same effect as if it had been dated and registered prior to the Charge.
The Chargeholder, in consideration of the premises and the sum of One Dollar ($1.00) now paid to the Chargeholder by the Transferee, hereby approves of, joins in and consents to the granting of the within Agreement and covenants and agrees that the same shall be binding upon its interest in or charge upon the Lands and shall be an encumbrance upon the Lands prior to the Charges in the same manner and to the same effect as if it had been dated and registered prior to the Charges.
As evidence of its agreement to be bound by this Priority Agreement, the Prior Chargeholder has executed the Land Title Act - Form C attached to and forming part of this Priority Agreement.
The Chargeholder, in consideration of the premises and the sum of One Dollar ($1.00) n ow paid to the Chargeholder by the Transferee, hereby approves of and consents to th e granting of the within Agreement and covenants and agrees that the same shall be bi nding upon its interests in or charge upon the Lands and shall be an encumbrance upon t he Lands prior to the Charge in the same manner and to the same effect as if it had been dated and registered prior to the Charge.
Bank of XXXXXXXX (the "Chargeholder") being the holder of Mortgage Number XXXXXXX and Assignment of Rents XXXXXXXX (hereinafter referred to as the "Charge").