Examples of Share Mortgage in a sentence
On 27 December 2006, the Group entered into a new share mortgage agreement (the “New Share Mortgage Agreement”) and a loan assignment agreement (the “Loan Assignment Agreement”) with Sunday Inn Limited (the “Lender”).
In the event Fine Elite fails to comply in full with its obligations as aforesaid, Kings Haul shall be entitled to enforce the mortgage and apply the proceeds as payment to Kings Haul in accordance with the Share Mortgage Agreement.
The Lender shall not enforce the Share Mortgage unless the Borrower is in default of repayment of the Loan or payment of interest on the Maturity Date.
Both of the New Share Mortgage Agreement and Loan Assignment Agreement have been entered into as the security to secure a loan of HK$11,000,000 granted by the Lender to the Company.
Approval for HOC to provide credit enhancement via FHA Risk Share Mortgage Insurance, pursuant to the Risk Sharing Agreement between HOC and HUD, and for HOC and HUD to assume, respectively, 25% and 75% of the risk for the transaction; 6.