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

Examples of Legal Mortgage in a sentence

• The loan is secured by:• Legal mortgage over the Company’s immovable assets.• Pledge over the Owner’s shares.• Pledge over the project accounts.• Assignment / charge over all of the Company’s rights, titles and interest in and to the project documents, the insurances and reinsurance’s, the consents and any other material agreements to which the Company is a party and other material property, asset and revenue of the Company.

• The collaterals are obtained in the form of Bank‟s own term deposit receipts, Legal mortgage over immovable properties, Hypothecation charge over movable assets of the company, pledge of shares etc.As per regulatory requirements maximum exposure limits on single borrower/ group as per detailed under.

• Legal mortgage of land in favor of security trustee has been executed for 877.18 acres of land.

• Qualitative disclosures The collaterals are obtained in the form of Bank’s own term deposit receipts, Legal mortgage over immovable properties, Hypothecation charge over movable assets of the company, pledge of shares etc.As per regulatory requirements maximum exposure limits on single borrower/ group as per detailed under.

• ROLL CALL Present: Members Bates, Bolton, Ingram, Kuhns, Nelms, White, President Cooper Reed (7) Absent: None Superintendent Ronan was present.

More Definitions of Legal Mortgage

Legal Mortgage means a charge by way of legal mortgage;

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:

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 the legal mortgage dated 2019 between the Council (1) and [ ] (2) securing the Loan.

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

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 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;