Examples of Charged Properties in a sentence
Each Valuation shall set out in reasonable detail the Value of the Charged Properties as at a date no more than 90 days prior to the date of delivery of the Valuation.
Each Borrower shall ensure that at all times the Net Annual Income of the Charged Properties shall be not less than 100 per cent.
Where Specific Apportionment Basis is specified as applicable in the applicable Final Terms, specific individual Charged Properties shall be allocated to the Issuer as agreed between the Issuer and the Borrowers.
The Underlying Security granted by the Borrowers will be over certain Charged Properties used for social housing accommodation by the Borrowers and over certain bank accounts held by the Borrowers.
In particular, the basis of the Series Secured Parties' apportionment may only be changed upon the request of the Note Trustee upon the security under the Security Documents in respect of the Charged Properties becoming enforceable and having been enforced.
Where Numerical Apportionment Basis is specified as applicable in the applicable Final Terms, the Final Terms will specify (a) a specific percentage of units comprising the Issuer's Apportioned Partwithin the portfolio of Charged Properties, and which will be designated to the Issuer as underlying security in respect of the Series and (b) the Minimum Value of the NAB Charged Properties.
Charged Properties: properties specifically charged to secure Bank Borrowing.
You have a good and marketable title to, and are the sole legal and beneficial owner of, the relevant Charged Properties.
The Issuer covenants to comply with its various undertakings set out in the Bond Trust Deed and the Security Documents including, but not limited to, undertakings as to the maintenance of the Charged Properties.
Addition, substitution and release of Charged Properties:The Borrowers may charge (and/or allocate) or release (and/or reallocate) Charged Properties from the Underlying Security (and the Issuer shall consent to such charging (and/or allocation) or release (and/or reallocation)) subject to, and in accordance with, the requirements of the Loan Agreements and the Legal Mortgages.