Examples of Additional Chargor in a sentence
The Additional Chargor charges by way of first fixed charge all its present and future right, title and interest in and to all of its Plant and Equipment.
The Company shall procure that any entity which becomes a Group Company after the date of the Subsidiary Guarantee and Debenture accedes promptly (to the satisfaction of the Security Trustee, acting reasonably) to the Subsidiary Guarantee and Debenture as an Additional Chargor (as defined therein).
The Additional Chargor charges by way of first fixed charge all amounts now or at any time standing to the credit of any Accounts and Related Rights.
Upon satisfaction of the conditions in Clause 24.1 (Conditions to Accession of Additional Chargors) have been satisfied, the person nominated as an Additional Chargor by the Borrower will become an Additional Chargor from the date of such confirmation.
The Additional Chargor charges by way of first fixed charge all of its Receivables (other than any Receivables that are otherwise subject to an assignment (at law or in equity) pursuant to the Debenture) and all Related Rights.