Chargee definition
Examples of Chargee in a sentence
Further, the Chargee shall not be obliged to marshal any of the security held by it in respect of the obligations secured.
The Chargor authorizes the Chargee to file such financing statements and other documents and to complete and add schedules identifying all or any part of the Charged Premises, as the Chargee may consider appropriate to perfect and continue the security created by this Charge, to protect and preserve the interest of the Chargee in the Charged Premises and to realize upon the Mortgage.
Neither the taking of a judgment nor the exercise of any power of seizure and sale with respect to any of the Secured Obligations will operate as a merger of any of the covenants contained in this Charge or affect the right of the Chargee to interest at the rate hereinbefore specified or such lesser rate as may be payable pursuant to the Loan Agreement.
Nothing herein contained shall be deemed or construed by the parties hereto or by any third party as creating the relationship of principal and Chargee or of partnership or of joint venture between the Chargor and the Chargee; it being understood and agreed that none of the provisions herein contained or any acts of the Chargee or of the Chargor, shall be deemed to create any relationship between the Chargee and the Chargor other than the relationship of Chargee and Xxxxxxx.
This Charge shall not operate so as to create any merger or discharge of any of the Secured Obligations, or any assignment, transfer, agreement, lien, contract, promissory note, bill of exchange or security interest of any form now held or which may hereafter be held by the Chargee from the Chargor or from any other Person whomsoever.