Share charge (granted by the borrower): single company chargor—bilateral—specific monies

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Banking & Finance expert
Precedents

Share charge (granted by the borrower): single company chargor—bilateral—specific monies

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Banking & Finance expert

Precedents
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This Deed is made on [insert day and month] 20[insert year].

Parties

  1. 1

    [insert name of Chargor], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Chargor); and

  1. 2

    [insert name of Lender] of [insert address] (the Lender).

Recitals:

    1. (A)

      The Lender has agreed to make available a loan facility to the Chargor on the terms and conditions set out in the Facility Agreement (as defined below).

    1. (B)

      It is a condition precedent to the availability of the loan facility that the Chargor enter into this Deed for the purpose of providing security in favour of the Lender in respect of the Secured Obligations (as defined below).

It is agreed as follows:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Deed, unless otherwise provided:

        [Company

        1. •

          means [insert name of company in which the Chargor holds the shares and investments], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address];]

        Facility Agreement

        1. •

          means

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Jurisdiction(s):
United Kingdom
Key definition:
Registered office definition
What does Registered office mean?

As required by CA 2006, s 86 a company must at all times have a registered office to which all communications and notices may be addressed.

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