Legal Charge definition

Legal Charge means the legal charge over the Land to be entered into by the Academy Trust in favour of the Secretary of State, in a form and substance satisfactory to the Secretary of State.

Legal Charge means the legal charge to be entered into [within two weeks of the opening of the Academy][upon the acquisition of the legal interest in the Land] by the Academy Trust in favour of the Secretary of State over the Land, in a form and substance satisfactory to the Secretary of State;

Legal Charge means a legal mortgage or a privilege over immovable property arising under the law in favour of any person, of the Government or the Republic or of any statutory body;

Examples of Legal Charge in a sentence

• The Bond is secured by an unencumbered First Legal Charge over the Wind Turbines and all associated Leases and Contracts of Ash Renewables No 5 Ltd & Ash Renewables No 6 Ltd.

• Evidence of the extent and level of insurance cover in force (including the extent and level of insurance cover in respect of acts of terrorism), that the insurance accords with the terms of this letter and the Legal Charge and that the Lender is either joint insured or noted on each relevant policy as mortgagee and loss payee.

• Upon such disposal and part payment of the Debt, the Secretary of State will discharge the Legal Charge in respect of the part of the Land that has been disposed of.

• The Loan is secured by a First Legal Charge against Savannah, Block 27C, Parcel 282 registered on 11 August 2009 (as varied) and a Collateral Charge against Savannah, Block 27C, Parcel 281 registered on 11 August 2009 (as varied) (“the Properties”).

• On termination of this Agreement, the Secretary of State may give notice that he intends to exercise his rights under clauses 5.11, 7.30 or 7.31 or under the Legal Charge.

More Definitions of Legal Charge

Legal Charge means the legal charge which you and the chargor give us in respect of the property, and it includes all amendments and changes to the legal charge and any charges, mortgages or agreements made in relation to the property.

Legal Charge means the legal charge to be taken over any Fixed Asset, the form of which is in Schedule [9].]

Legal Charge means a legal charge dated 14 February 2014 (Charge Ref: CH373359) in favour of the Chargee referred to in the Charges Registers of relevant titles to the Airport Property;

Legal Charge means the fixed legal charge in favour of the Council over the Site in the form annexed to this Agreement at Schedule 7 which is to be registered against the Site as security for the First Instalment and as set out in more detail at Clause 10 of this Agreement;

Legal Charge has the meaning given to it in the Security Agreement.

Legal Charge means the instrument pursuant to which the Security Party charges all its rights and interest in the Property to the Bank upon the terms and conditions contained therein;

Legal Charge means a charge by way of legal mortgage of the Property executed or to be executed by the Borrower in favour of the Lender Lender means Santander UK plc LIBOR means in relation to the Loan: