Original Charge definition
Examples of Original Charge in a sentence
The provisions of clause 5 (Enforcement), clause 7 (Remedies and waivers), clause 8 (Severability), clause 12 (Notices) and clause 14 (Jurisdiction) of the Original Charge and Security Deposit over Bank Accounts Agreement shall be incorporated into this Agreement as if set out in full in this Agreement and as if references in those clauses to “this Agreement” are references to this Agreement.
The provisions of the Original Charge and Security Deposit over Bank Accounts Agreement shall, save as amended by this Agreement, continue in full force and effect.
LFL's entitlement to receive the Deferred Sales Charge payable by a shareholder on the redemption of a Distributed Share shall accrue at the same time as the obligation of LFL to pay, in respect of that Deferred Sales Charge Share, the Selling Commission in respect of (i) (where such Distributed Share is an Original Charge Share) that Distributed Share or (ii) (where such Distributed Share is a Transfer Share) the Original Charge Share to which such Distributed Share relates.
For its services in paying Selling Commissions on sales of Original Charge Shares included in a Monthly Pool, the Fund shall pay to LFL the Monthly Fee in respect of each Monthly Pool and TGAL and TGSS hereby waive any entitlement they may have, whether under the Program Documents or otherwise, to each such Monthly Fee payable hereunder.
Removal of annotation in share registry of DMC Cayman in respect of the Original Charge.
All Original Charge Securities and Transfer Securities are collectively referred to in this Agreement as "Distributed Securities".
If LFL is unable to carry out its obligations hereunder (which may occur if LFL is unable to pay Selling Commissions for all of the Original Charge Shares sold during the period of its appointment as Commission Payer under this Agreement), TGSS may terminate LFL's exclusive right to pay Selling Commissions and may: (i) pay Selling Commissions directly; (ii) enter into agreements with other parties to pay Selling Commissions; or (iii) limit, by allotment or otherwise, sales of Deferred Sales Charge Shares.
The charge and the priority interest created by the Original Charge in favour of the Senior Chargees remains in full force and effect by way of continuing security subject to the provisions of this Deed.
For greater certainty, Transfer Securities and Reinvested Securities shall be deemed to be issued on the same date as the Original Charge Securities to which they relate.