MORTGAGE OR CREATE A CHARGE Sample Clauses

The 'Mortgage or Create a Charge' clause defines the conditions under which a party may use its assets as security for a loan or other obligation. Typically, this clause outlines whether the party is permitted to mortgage, pledge, or otherwise encumber its property, and may require prior written consent from another party before doing so. Its core function is to protect the interests of stakeholders by preventing unauthorized encumbrances that could affect the value or availability of the assets in question.
MORTGAGE OR CREATE A CHARGE. Subject to the rights of the Allottee herein contained in respect of the said Unit, the PROMOTERS shall have full rights/absolute authority to sell, assign, mortgage, create charge, encumber, transfer or otherwise deal with all or any of its ownership rights, title, benefits and interest in respect of the said project and/or any part thereof or to construct/sale additional FSI, subject to the rights of the Allottee /s under this Agreement.
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MORTGAGE OR CREATE A CHARGE. After the promoter executes this agreement he shall not mortgage or create a charge on the ( Apartment/Plot/Building) and if any such mortgage or charges is made or created then nowwithtsnading anything contained in any other law for the time being in force, such mortgage or changes shall not affect the right and interst of the allottee who has taken such( Apartment/Plot)
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MORTGAGE OR CREATE A CHARGE. Notwithstanding any other term of this Agreement, the Allottee hereby authorizes and permits the Promoter to raise finance/loan from any institution / company / bank by any mode or manner by way of charge/mortgage/securitization of the Apartment / Project / Building or the land underneath or the receivables, subject to the condition that the Apartment shall be made free from all encumbrances at the time of execution of Sale Deed in favour of the Allottee(s). The allottee shall be informed about the same at the time of agreement.
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MORTGAGE OR CREATE A CHARGE. Subject to the rights of the Allottee herein contained in respect of the said Plot, the PROMOTERS shall have full rights/ absolute authority to sell, assign, mortgage, create charge, encumber, transfer or otherwise deal with all or any of its ownership rights, title, benefits and interest in respect o f the said project and/ or any part thereof or to construc t/ sale additional FSI, subject to the rights of the Allottee / s under this Agreement. . It is further declared that the Promoter has raised construction finance from HDFC Ltd. for the construction of the said project and the promoter warrants to get NOC for the said unit from HDFC ltd. prior to giving possession/ registration of the said unit.
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MORTGAGE OR CREATE A CHARGE. Subject to the rights of the Allottee herein contained in respect of the said Apartment, the Promoters shall have full rights / absolute authority to sell, assign, mortgage, create charge, encumber, transfer or otherwise deal with all or any of its ownership rights, title, benefits and interest in respect of the said project and / or any part thereof or to construct / sale additional FSI, subject to the rights of the Allottee/s under this Agreement.
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Related to MORTGAGE OR CREATE A CHARGE

  • Pledge, Mortgage or Charge as Collateral for a Loan

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • Loan Charges If any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower is interpreted so that any charge provided for in any Loan Document, whether considered separately or together with other charges levied in connection with any other Loan Document, violates that law, and Borrower is entitled to the benefit of that law, that charge is hereby reduced to the extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in excess of the permitted amounts shall be applied by Lender to reduce the principal of the Indebtedness. For the purpose of determining whether any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower has been violated, all Indebtedness which constitutes interest, as well as all other charges levied in connection with the Indebtedness which constitute interest, shall be deemed to be allocated and spread over the stated term of the Note. Unless otherwise required by applicable law, such allocation and spreading shall be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of the Note.

  • Assignment of Lease The Tenant may not assign the Lease or sublet all or any part of the Premises or otherwise grant possession of the Premises or any portion thereof to any other person without first obtaining the prior written consent of the Landlord, such consent not to be unreasonably withheld. In no event shall the Tenant be released or discharged from the full performance of this Lease and the payment of all rents and monies and the observance of all covenants, agreements, terms and conditions herein contained and any such consent granted by the Landlord shall not be deemed or implied as consent to any further or subsequent assignment or subletting. In the event this Lease is assigned or all or a portion of the Premises sublet, the Tenant shall pay all reasonable out-of-pocket expenses incurred by the Landlord in any such assignment or subletting, including the Landlord’s legal costs in connection therewith and a non-refundable amount of Five Hundred Dollars ($500.00) in advance to the Landlord, representing a reasonable cost to the Landlord for reviewing such application. Any transferee shall enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable to it. Notwithstanding the foregoing provisions of this Section 10.01 or anything else contained herein, so long as Tenant is not then in default under this Lease beyond any applicable curative period provided for in this Lease, Tenant shall have the right, without the consent of Landlord, but otherwise in accordance with the requirements of this Lease, including without limitation, the obligation of any transferee to enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable, to assign this Lease and/or sublease the whole or part of the Premises to: