Charge over assets Sample Clauses
A Charge over Assets clause establishes a security interest in specific or all assets of a party, typically to secure the performance of obligations or repayment of a debt. In practice, this means that if the party defaults, the secured party has the right to enforce the charge and recover amounts owed by taking possession of or selling the charged assets, which may include property, equipment, or receivables. The core function of this clause is to provide assurance to the secured party by granting them a legal right over the assets, thereby reducing their risk in the transaction.
Charge over assets. Neither the Revenue Commissioners nor any other Tax authority have any right to any claim, charge or other Encumbrance over any Asset in respect of any unpaid Tax. For and on behalf of SIFCO TURBINE COMPONENTS LIMITED In the presence of: /s/ T▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Signature Director Title For and on behalf of [BOOOMIX LIMITED (in the process of changing its name to SR TECHNICS AIRFOIL SERVICES LIMITED)] in the presence of: /s/ S▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Signature Authorized Signatory Title For and on behalf of SIFCO INDUSTRIES, INC. in the presence of: /s/ F▇▇▇▇ ▇▇▇▇▇▇▇▇ Signature V.P. Finance & CFO Title Dated 19th April 2006 THIS AGREEMENT is dated 19th April 2006 and made between
Charge over assets. In addition to the granting of the Securities, the Borrower charges in favour of the Lender, all of its Rights, title and interest in all of its property, both real and personal and whether existing or acquired after the Agreement Date, with the repayment of the Debt and as a from the time when a default has occurred under the Loan Agreement and the Borrower consents to the Lender lodging a caveat over any of the Borrower’s real property and authorises and consents to the Lender to physically access any land where any of the Borrower’s assets are located.
Charge over assets. The Selling Shareholders must have procured the release of the registered charge number 767048 from National Australia Bank Limited and provide to Mallesons ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Australia counsel to Buyer, a copy of the corresponding completed Australian Securities & Investments Commission (“ASIC”) from 312, duly signed on behalf of National Australia Bank Limited. The Company must duly lodge such form with ASIC as soon as practicable after Closing.