Chargors definition
Examples of Chargors in a sentence
The existing Chargors agree to the terms of this deed and agree that its execution will in no way prejudice or affect the security granted by each of them under (and covenants given by each of them in) the Debenture.
The Chargors enter into this Deed to secure the repayment and satisfaction of the Secured Liabilities.
Under the terms of the Transaction Documents, the Obligors must perform certain financial obligations for the benefit of each Chargee and other parties to whom JV Funding Amounts may be payable, and the Chargors may be obliged to perform certain non-financial obligations for the benefit of the Owner Chargee to enable the Owner Chargee to complete a purchase after exercising a Purchase Option.
All communications or other correspondence between any of the Chargors and any of the Finance Parties in connection with this Deed shall be made through the Security Trustee.
None of the Chargors shall have any claim against the Security Trustee or the Receiver or any Finance Party in respect of any loss arising out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Collateral or any of them by deferring or advancing the date of such sale or otherwise howsoever except in the case of the Security Trustee's or the Receiver's negligence or wilful default.