Legal Mortgage definition

Legal Mortgage means a mortgage by demise or subdemise or a charge by way of legal mortgage, and “legal mortgagee” has a corresponding meaning; “legal estate” means an estate interest or charge in or over land (subsisting or created at law) which is by statute authorised to subsist or to be created at law; and “equitable interests” mean all other interests and charges in or over land or in the proceeds of sale thereof; an equitable interest “capable of subsisting at law” means such an equitable interest as could validly subsist at law, if clothed with the legal estate; and “estate owner” means the owner of a legal estate;

Legal Mortgage means a legal mortgage to be granted by the relevant Borrower over the relevant Property in a form approved by Us as security for the repayment of the relevant Borrower Loan and related Interest.

Legal Mortgage means the legal mortgage to be granted by the Customer in favour of the Bank in respect of the Asset. Material Adverse Effect means the effect of which (in the opinion of the Bank) is or might have a material effect on:

Examples of Legal Mortgage in a sentence

• As of the Effective Time, JMY and JT shall collectively own one hundred percent (100%) of the issued and outstanding shares of IPCo and shall have good and marketable title to the IPCo Share Collateral free and clear of all Liens other than the Legal Mortgage of IPCo Shares.

• In all cases (regardless of when the Declaration of Trust is entered into), the Declaration of Trust must take effect in all respects subject to the Bank's Legal Mortgage and this must be expressly stated in the Declaration of Trust.

• In all cases (regardless of when the Declaration of Trust is entered into), the Declaration of Trust must take effect in all respects subject to the Bank's Legal Mortgage (see definition at 4 below) and this must be expressly stated in the Declaration of Trust; or 2.

• Scotland: If any party that is not a party to the Bank’s Legal Mortgage (see definition at 4 below) is gaining an interest in the property, a Declaration of Trust by way of deed (“the Declaration of Trust”) is required.

• If the intention to enter into a Declaration of Trust is known prior to completion of the Bank’s Legal Mortgage, the Declaration of Trust should be entered into on the same day as the Bank's Legal Mortgage or charge.

More Definitions of Legal Mortgage

Legal Mortgage means a mortgage created under Section 30 of this Law.

Legal Mortgage means the legal mortgage to be granted by the Customer in favour of the Bank in respect of the Asset.

Legal Mortgage means a charge by way of legal mortgage;

Legal Mortgage means a mortgage by demise or sub-demise or a charge by way of legal mortgage, and "legal mortgagee" has a corresponding meaning;

Legal Mortgage means a mortgage by demise or subdemise or a charge by

Legal Mortgage means the legal mortgage dated

Legal Mortgage means a deed incorporating, inter alia, a Charge by way of first legal mortgage in, or substantially in, the form of Schedule 5 (Form of Legal Mortgage) with such amendments as the Security Trustee may require (acting, as applicable, on the instructions of the relevant Representative) in order that the Charge should be valid, effective and enforceable; Standards are no longer published at such time, on a basis agreed between the Chargors, the relevant Beneficiary (or their Representative on their behalf), the Security Trustee and a Valuer; NAB Beneficiaries means the Beneficiaries who have been allocated Properties on a Numerical Apportionment Basis (and NAB Beneficiary shall be construed accordingly);