Examples of Indemnity Deed in a sentence
Subject to Chengtong Development Trading having obtained a counter-indemnity from CCHK and having entered into the Indemnity Deed with CCHK, the Company agreed to procure Chengtong Development Trading to issue the Guarantee Letter and use the Relevant Properties to provide the Guarantee to the extent of the Guaranteed Amount in support of the Property Preservation Order.
Moreover, since the provision of the Guarantee will not affect the daily use of the Relevant Properties by Chengtong Development Trading and in view of the arrangement fee receivable and the counter-indemnity from CCHK, the Directors (including the independent non-executive Directors) also consider that the terms of the Guarantee Agreement and the Indemnity Deed are fair and reasonable and in the interest of the Company and its shareholders as a whole.
IMPLICATION UNDER THE LISTING RULES Since each of Chengtong Coal Investment and CCHK is a connected person of the Company, the entering into of the Guarantee Agreement and the Indemnity Deed by the Company and Chengtong Development Trading respectively constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
The Directors (including the independent non-executive Directors) consider that the Guarantee Agreement and the Indemnity Deed were entered into on normal commercial terms but not in the ordinary course of business of the Group.
INDEMNITY DEED Also on 29 March 2016, Chengtong Development Trading and CCHK entered into the Indemnity Deed, the major terms of which are set out below.
Mortgagee is the proposed beneficiary under that certain Indemnity Deed of Trust and Security Agreement (the “Mortgage”), to be delivered from Landlord, to Mortgagee, encumbering a parcel or parcels of land and the improvements now existing or hereafter erected thereon (the “Mortgaged Premises”) in the State of Maryland which Mortgaged Premises is more particularly described in Exhibit A attached hereto and made a part hereof by reference.
NOTARY PUBLIC My Commission expires: The undersigned lienholder does hereby consent to consent to the aforesaid Agreement, and by the signature of its Trustee, does hereby agree that such instrument shall be subordinate to and shall survive any sale under its Indemnity Deed of Trust dated November 10, 2003, and recorded among the Land Records of Xxxxxxxxx County, Maryland in Liber 4247, folio 92.
The term "Deed of Trust" shall mean the Indemnity Deed of Trust, Security Agreement and Assignment of Leases and Rents executed of even date herewith granted by the Land Owner to trustees for the benefit of the Bank, creating first priority a lien and security interest in the Real Property as security for the Land Owner's Guaranty.
This Agreement, the Indemnity Deed, the Non-competition Deed and any documents referred to in this Agreement constitutes the entire agreement between the parties hereto and no variation thereof shall be effective unless made in writing signed by or by the duly authorised representatives of the parties.
Xxxxx Spring Bank holds interests in the Property as a lien holder by virtue of: (1) an Indemnity Deed of Trust, Assignment and Security Interest dated April 30, 2021 securing an original principal amount of $4,800,000.00, and recorded among the Land Records of Carroll County, Maryland in Liber 10256, Folio 213, etc.