Deal with Charged Assets Sample Clauses
The 'Deal with Charged Assets' clause defines the rights and restrictions regarding the management, use, or disposal of assets that have been pledged as security for a loan or obligation. Typically, this clause outlines whether the borrower can sell, transfer, or otherwise handle the charged assets during the term of the security interest, and may require lender consent for certain actions. Its core practical function is to protect the lender's interest in the secured assets by preventing unauthorized dealings that could diminish their value or compromise the lender's security.
Deal with Charged Assets to sell, transfer, assign, exchange or otherwise dispose of or realise the Charged Assets to any person either by public offer or auction, tender or private contract and for a consideration of any kind;
Deal with Charged Assets. To sell, transfer, assign, and otherwise dispose of or realize the Charged Assets and to execute all agreements and documents for these purposes and for consideration and so that (without limitation) he may do any of these things for a consideration consisting of cash, or other valuable consideration of any kind and any such consideration may be payable or delivered a lump sum or by installments spread over such period as he may think fit.
Deal with Charged Assets to sell, transfer, assign, exchange, hire out, convert into money, lend or otherwise dispose of or realise the Charged Assets to any person (including a new company formed pursuant to paragraph (5) (Hive down)) either by public offer or auction, tender or private contract and for a consideration of any kind (which may be payable or delivered in one amount or by instalments spread over a period or deferred) in any manner and on any terms which he thinks fit (for the avoidance of doubt a Receiver may sever or sell separately any fixtures, other than landlord’s fixtures, from the property containing them without the consent of the relevant Security Provider);
Deal with Charged Assets deal with and exploit all or any part of the Charged Assets in any manner;