Examples of Share Charge in a sentence
On 28 September 2021, the Deed of Release has been executed by Option Best in favour of the Vendor and the Share Charge has been released accordingly.
Prior to the closing of the Transaction, the possibility of the enactment of a Share Charge was considered remote and all amounts due in the period under the agreed terms of the disposal were settled by the buyer in full.
Without limiting the obligations of the Purchaser under this Section 3.4, the Seller shall be entitled to use the documents delivered by the Purchaser pursuant to Sub-Clause 4.2 of the Share Charge, and/or the power of attorney granted pursuant to Clause 10 of the Share Charge, in order to effect any deliveries required by Section 3.4(b) or otherwise to effect the Transfer-back.
The Share Charge is the security to secure the personal guarantee of HK$12.5 million provided by Mr. Zen in favour of HSBC in relation to the banking facilities in the amount of HK$62.3 million for a period up to 15th October, 2010 provided by HSBC to the Borrowers.
The FMG Share Charge, the Personal Guarantees and the Fixed and Floating Charge will continue to be in force and, subject to the terms and conditions as further described in the Company’s announcement dated 14 July 2011.