Notes:
- This precedent is intended to act as a guide in drafting a Charge over share agreement. Shares to be used as security.
- It can be modified and amended from time to time.
205, 2024
Charge over shares
Sh 75,000
Description
Table of Contents
-
- DEFINITIONS AND INTERPRETATION
- COVENANT TO PAY
- CHARGE
- DEPOSIT OF TITLE DOCUMENTS AND FURTHER ASSURANCE
- REPRESENTATIONS WARRANTIES AND COVENANTS BY THE CHARGOR
- RIGHTS OF THE CHARGEE
- ENFORCEMENT
- POWER OF SALE
- PROTECTION OF THIRD PARTIES
- POWER OF ATTORNEY
- DISCHARGE OF SECURITY
- AVOIDANCE OF PAYMENTS
- NOTICES
- MISCELLANEOUS
- LAW AND JURISDICTION
- SCHEDULE 1 DESCRIPTION AND NUMBER OF SHARES
- SCHEDULE 2 FORM OF LETTER OF AUTHORISATION