Legal Charge definition
Examples of Legal Charge in a sentence
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.
One original set of the Loan Facility Agreement and Legal Charge documents will be returned to the applicant including confirmation of the BACS reference number for the loan monies.
If the loan amount exceeds 75% of the property value orpurchaseprice of the borrowers’ property, whichever is lower, we will requirea Legal Charge to be taken over the guarantors’ property.
The Company shall be obligated to file an unlimited number of registration statements on Form S-3 (or any successor form) pursuant to any request therefor received from a Charter Investor or a Mobius Investor so long as the Company is eligible to use such form of registration statement.
The borrowers are responsible for any additional costs that might ariseif a Legal Charge has to be secured on the guarantors’ property.