Examples of Share Mortgage in a sentence
Borrower has full power and authority to create a first lien on the Shares and no disability or contractual obligation exists that would prohibit Borrower from pledging the Shares pursuant to this Agreement or the Cayman Share Mortgage or any other applicable Loan Document.
In the event Fine Elite fails to comply in full with its obligations as aforesaid, Kings Haul shall be entitled to enforce the mortgage and apply the proceeds as payment to Kings Haul in accordance with the Share Mortgage Agreement.
On 27 December 2006, the Group entered into a new share mortgage agreement (the “New Share Mortgage Agreement”) and a loan assignment agreement (the “Loan Assignment Agreement”) with Sunday Inn Limited (the “Lender”).
As the Deferred Consideration is secured by the Share Mortgage in favour of the Vendor (as mortgagor), the Vendor, following Completion, is a party acting in concert with the Offeror under the Takeovers Code.
SIGNED by the Transferor by: ) ) Duly Authorised Signatory ) Name: ) ) Title: ) In the presence of: Signature of Witness Name: Address: Occupation: Schedule 1 to Equitable Share Mortgage And I/we do hereby agree to take the Shares.