UK Chargor definition
Examples of UK Chargor in a sentence
The UK Borrower and the UK Chargor are in compliance with the provisions of Sections 151 to 158 of the United Kingdom Companies Act of 1985 in relation to the Transactions.
The UK Borrower and the UK Chargor shall comply in all respects with Sections 151 to 158 of the United Kingdom Companies Act of 1985 in relation to the Transactions, including in relation to the payment of all amounts due under this Agreement.
As security for the payment and discharge of the Secured Obligations, the U.K. Chargor with full title guarantee assigns absolutely to the Administrative Agent all of its rights in (i) its Insurances and in any Insurance Proceeds relating (in each case) to its Inventory, and (ii) any U.K. Distributor Agreement.
The U.K. Chargor shall ensure that no Account is evidenced by, or constitutes, a bearer or transferable Instrument which has not been delivered to, or otherwise subjected to the control of, the Administrative Agent.
For the avoidance of doubt, the UK Security Trustee shall not be liable to any party for the failure by a UK Chargor to perfect any Security.
Subject to Section 6.20 (European Cash Management) of the Facility Agreement (which shall prevail in the event of any inconsistency with this Clause 9.2), the U.K. Chargor shall promptly pay, or procure the prompt payment of, all monies received by it or on its behalf in respect of any Accounts into a Payment Account.
The Swiss Chargor acknowledges and agrees to the charge pursuant to this Deed over any Accounts of the U.K. Chargor owing by the Swiss Chargor, whether such Account is governed by Swiss law or any other applicable law.
Nothing in this Clause 4 shall affect the crystallisation of the floating charge created by the U.K. Chargor under applicable law and regulation.
Each UK Chargor represents and warrants to the UK Security Trustee that it is the legal and beneficial owner of its Real Property.
Dutch Borrower Insight Enterprises B.V. UK Chargor Insight Enterprises (UK) Limited Insight Worldwide Insight Direct Worldwide, Inc.