Share Mortgages definition
Examples of Share Mortgages in a sentence
Shall, as the case may be, enter or cause to be entered into within 60 days of the Effective Date, the New Share Mortgages.
It is expressly agreed that, notwithstanding anything to the contrary herein contained, each Chargor shall remain liable to observe and perform all of the conditions and obligations assumed by it in respect of the Security Shares and none of the Security Agent or the Lenders shall be under any obligation or liability by reason of or arising out of the Share Mortgages.
This Deed is supplemental to and amends the Existing Share Mortgages.
It is expressly agreed that, notwithstanding anything to the contrary herein contained, each Obligor shall remain liable to observe and perform all of the conditions and obligations assumed by it in respect of the Security Shares and Securities and none of the Borrower Security Trustee, the Borrower Secured Creditors, the Subordinated Security Trustee or the Subordinated Secured Creditors shall be under any obligation or liability by reason of or arising out of the Share Mortgages.
For the avoidance of doubt, each Chargor agrees that the enforceability of the Share Mortgages is not dependent on the performance or non-performance by any Secured Lender of its respective obligations under the Credit Agreement.