Mortgage of Assets a) The lessee, shall not sale, mortgage, gift or otherwise hand over or transfer any land or immovable property thereon to any other person, without obtaining prior permission of the Authority. Such permission will not be given until a sum equal to Ten percent of the prevailing premium of the land/Plot is deposited by lessee with the Authority. However, the above provision regarding the payment shall not be applicable if the property is mortgaged with the Central Government, State Government, Nationalized bank, Life Insurance Corporation, Chhattisgarh State Finance Corporation, Housing and Urban Development Corporation or other Financial Institution which are approved by the Authority from time to time however the permission for the mortgage shall be granted subject to the following conditions:
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for any single mortgage, pledge, lien, charge, and encumbrance for indebtedness that does not exceed $50,000 or for the aggregate of any group of mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000.
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for such mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000.
Mortgage of Assets. The developer shall not be entitled to mortgage, hypothecate or otherwise create any charge or encumbrance as security upon the Project Land and interest in the NRANVP assets referred in Schedule II; and/or the Project in favour of Lenders or in favour of any other Person for securing any repayment obligation or otherwise of the Licensee. However, the Licensee shall be entitled to mortgage the Development Rights under this agreement, as per applicable laws with any scheduled Bank or Financial Institution with the condition of First Change shall always be with NRANVP.
Mortgage of Assets. The Lessee may mortgage the land with the Central Government, State Government, Nationalized bank, Life Insurance Corporation, Chhattisgarh State Finance Corporation, Housing and Urban Development Corporation or any other Financial Institution with prior permission from Authority as per the provisions of Rule 22 (1), "Chhattisgarh Xxxxxxx Kshetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam, 2008" .However the permission for the mortgage shall be granted subject to the following conditions-
Mortgage of Assets a. The lessee shall not sale, mortgage, gift or otherwise handover or transfer any land or immovable property thereon, as the case may be, to any other person, without obtaining prior permission of the Chief Executive Officer. Such permission will not be given until a sum equal to Five percent of the prevailing premium on the date of transfer of the land/Plot or immovable property for first/second transfer and Ten percent of the prevailing premium on the date of transfer of Land/ Plot or immoveable property for third and onward transfer is not deposited by lessee with the Authority.
Mortgage of Assets. The Lessee may mortgaged the land with the Central Government, State Government, Nationalized bank, Life Insurance Corporation, Chhattisgarh State Finance Corporation, Housing and Urban Development Corporation or any other Financial Institution which are approved by the Authority from time to time however the permission for the mortgage shall be granted subject to the following conditions-
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business.
Mortgage of Assets. 4.1 Subject to Applicable Laws, if the Bank is owed money by the Client, the Bank may mortgage, charge, pledge or hypothecate the Client’s Assets but only for a sum not exceeding the amount owed by the Client.
Mortgage of Assets. 5.1. If the Bank is owed money by the Client, the Bank may mortgage, charge, pledge or hypothecate the Client’s Assets but only for a sum not exceeding the amount owed by the Client. The Bank may mortgage, charge, pledge or hypothecate the Client’s Assets together if, and only if:
