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 charge by way of legal mortgage;

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 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 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 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 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; MV-ST means a valuation made on the basis of the current Market Value as defined by the RICS at VPS4 of the RICS Valuation – Global Standards 2017 UK National Supplement (or, if a subsequent edition of the RICS Valuation Standards has been published at the relevant time, the relevant valuation standard of the then most recently published edition of the RICS Valuation Standards) (effectively, in these circumstances, based on the fact that the properties are subject to existing tenancies but are not restricted to use as social housing let at sub-market rents, and that any Units that become vacant may be sold with vacant possession) or, if the RICS Valuation 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; MV-ST Properties means the Properties accepted as such in accordance with the provisions of the relevant Relevant Documents; NAB Beneficiaries means the Beneficiaries who have been allocated Properties on a Numerical Apportionment Basis (and NAB Beneficiary shall be construed accordingly); NAB Properties means, at any time, the aggregate number of Units comprising the Residual Properties that have been allocated to the NAB Beneficiaries; NAB Security Percentage means, in relation to any particular NAB Beneficiary, the number of Units allocated under the Numerical Apportionment Basis attributable to that NAB Beneficiary, as amended from time to time, divided by the total number of Units comprising the NAB Properties, as amended from time to time (expressed as a percentage);

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;

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