Chargor definition
Examples of Chargor in a sentence
The Chargee may settle and agree the accounts of the prior Security and any accounts so settled and agreed will be conclusive and binding on the Chargor.
The Chargor hereby consents generally in respect of any Proceedings to the giving of any relief or the issue of any process in connection with such Proceedings including the making, enforcement or execution against any property whatsoever (irrespective of its use or intended use) of any order or judgment which may be made or given in such Proceedings.
The submission to the jurisdiction of the courts referred to in Clause 26.1 (Hong Kong Courts) of this Agreement shall not (and shall not be construed so as to) limit the right of the Chargee to take Proceedings against the Chargor in any other court of competent jurisdiction nor shall the taking of Proceedings in any one or more jurisdictions preclude the taking of Proceedings in any other jurisdiction (whether concurrently or not) if and to the extent permitted by applicable law.
If the Chargor receives any benefit, payment or distribution in relation to such rights it shall hold that benefit, payment or distribution on trust for the Chargee to the extent necessary to enable the Secured Obligations to be repaid in full and shall promptly pay or transfer the same to the Chargee.
The Chargor covenants and undertakes to the Chargee to forthwith maintain or cause to be maintained non-assessable, unencumbered and freely tradeable Token in the Charged Wallet at the times and in such amount provided for in accordance with the Transaction Documents.