Additional Chargor definition
Examples of Additional Chargor in a sentence
The Additional Chargor is a [wholly-owned] Subsidiary of [the Parent].
The Additional Chargor charges by way of a first fixed charge in favour of the Collateral Agent all its present and future right, title and interest in and to its Monetary Claims.
Upon satisfaction of the conditions in Clause 24.1 (Conditions to Accession of Additional Chargors) have been satisfied, the person nominated as an Additional Chargor by the Borrower will become an Additional Chargor from the date of such confirmation.
The obligations of any Additional Chargor are subject to the limitations (if any) set out in the Deed of Accession executed by that Additional Chargor.
The Additional Chargor charges by way of first fixed charge all amounts now or at any time standing to the credit of any Accounts and Related Rights.