Charged Assets definition
Examples of Charged Assets in a sentence
To give effect to the provisions of the Securitisation ▇▇▇ ▇▇▇▇ and the Articles under which the Charged Assets of the Compartment are available only for the Secured Parties for the relevant Series relating to that Compartment, the Issuer will seek (although there is no guarantee that the Issuer will be able to achieve this) to contract with parties on a "limited recourse" basis such that claims against the Issuer in relation to the Notes would be restricted to the Charged Assets of the Compartment.
The Security Agent may accept without enquiry, requisition, objection or investigation such title as any Obligor may have to any Charged Assets.
The Security Agent may hold title deeds and other documents relating to any of the Charged Assets in such manner as it sees fit (including allowing any Obligor to retain them).
Any Receiver may be appointed Receiver of all of the Charged Assets or Receiver of a part of the Charged Assets specified in the appointment.
In respect of Compartment A0049 and any Note, and following a Note Acceleration in respect of such Note, the entitlement of the holder of the Note as against the Issuer will be limited to such Noteholder’s pro rata share of the proceeds of the Charged Assets applied in accordance with the Order of Priority specified in the Issue Specific Terms.