Examples of Share Mortgage Agreement in a sentence
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.
The term “principal” for purposes of this Agreement means an officer, director, owner, partner, key employee or other person with primary management or supervisory responsibilities, or a person who has a critical influence on or substantive control over the operations of the Local Parties.
Second, under the MEC Loan Agreement, the execution of the Share Mortgage Agreement was a condition precedent to the disbursement of the MEC Loan.
Pursuant to the New Share Mortgage Agreement and Loan Assignment Agreement, the Group agreed to assign to the Lender absolutely all its right, title, interest and benefit in and to the assigned monies of loans in the principal amount of approximately HK$54,324,000 (before making an impairment loss of approximately HK$26,627,000) and HK$9,500,000 (before making an impairment loss of approximately HK$4,657,000) due by Canaria and its subsidiary, Earn Elite, respectively.
Pursuant to the New Share Mortgage Agreement, the Group agreed to pledge in favour of the Lender the Group’s 50% interest (held by Fung Ming, a subsidiary of the Group) in Canaria (which in turn owns 100% interest in Earn Elite Development Limited) (“Earn Elite”).
Pursuant to the New Share Mortgage Agreement, the Company has agreed to pledge the Group’s 50% interest (held by a subsidiary, namely, Fung Ming Venture Limited) in Canaria Holdings Limited (which in turn owns 100% interest in Earn Elite Development Limited) to the Lender.
Both of the New Share Mortgage Agreement and Loan Assignment Agreement were entered into as the security (the “Secured Assets”) to secure a loan of HK$11,000,000 (the “Loan”) granted by the Lender to the Company and the Group.
Considering these perspectives and the results of the suitability evaluation, our suggestion is that: • BPM notation (BPMN) is the more suitable technique for this specific modelling application; and• the set of business process models that were designed using BPM notation signifies the more suitable representation of the business processes for this specific modelling application.
Rather, the relevant questions are whether the issues addressed in the modern written description test properly belong in the disclosure inquiry and whether the current written description doctrine adequately resolves those issues.[¶39] The question of whether an inventor actually had what is later claimed manifests as two different types of problems, regardless of whether the question arises in a priority or a non-priority setting.
Upon the expiry of the Security Period, and subject to Clauses 1.2(b) (Construction of specific terms) and 7.3 (Retention of charges), the Collateral Agent and each Beneficiary shall, at the request and cost of the Mortgagor, execute and do all such deeds, acts and things as may be necessary to release the Security Shares from the security constituted by this Share Mortgage Agreement.