Mortgaged Assets definition
Examples of Mortgaged Assets in a sentence
The relevant Obligor will hold the legal title and/or will be the beneficial party, as the case may be, to the Mortgaged Assets.
Moreover, there are certain structural, legal and tax risks relating to the Mortgage Receivables and the Mortgaged Assets (see Section 2 (Risk Factors)).
I also irrevocably undertake to vote in favour of any resolution approving that any Shares (as defined in the Share Mortgage) comprised in the Mortgaged Assets (as defined in the Share Mortgage) be registered in your name or in the name of your nominees or in the name of any purchaser of those Shares or its nominee in accordance with the provisions of the Share Mortgage (including without limitation, Clause 6 (Delivery of documents)) referred to above.
Pursuant to the Mortgage Conditions in respect of the Mortgage Loans, Construction Deposits have to be paid out within 12 (in the case of existing Mortgaged Assets) to 18 months (in the case of newly built Mortgaged Assets).
Finally, changes in tax treatment may have an adverse effect on the value of the Mortgaged Assets, see Risks of Losses associated with declining values of Mortgaged Assets.