Chargor Security definition
Examples of Chargor Security in a sentence
The expressions "Chargor", "Security Agent", ---------------------- "Agent" and "Finance Parties" shall, where the context permits, include their respective successors and permitted assigns and any persons deriving title under them.
A Chargor shall not dispose of a Mortgaged Property (whether directly or indirectly by way of selling the shares in the Chargor which owns such Mortgaged Property (a Chargor which is sold being a “Sold Chargor” and such sale of shares being a “Share Sale”)) unless the Borrower Security Trustee executes a deed of release or discharge (or analogous document) in respect of such Mortgaged Property or Sold Chargor from the Chargor Security.
Save for any registrations required pursuant to the terms of the Chargor Security Documents to which it is a party, each in accordance with all applicable Requirements of Law, it is not necessary that any Borrower Transaction Document to which it is a party be filed, recorded or enrolled with any court or other authority.
COMPANY LIMITED, a limited liability company incorporated in England and Wales and having its registered office at Citigroup Centre, Canada Square, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ as security trustee for the Borrower Secured Creditors (the “Borrower Security Trustee”, which expression includes, where the context admits, all persons for the time being acting as the Borrower Security Trustee or Borrower Security Trustees under the Chargor Security Documents).