All Templates
Charge over shares
💶 Charge over shares
Standard Clause For Charge Over Certificated Shares And Securities (Convert Charge Over Shares)
Standard Clause For Charge Over Certificated Shares And Securities (Convert Charge Over Shares)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Charge over sharesBusiness activity
Charge over sharesA charge over shares is a security interest over a company's shares. It gives the chargee the right to take possession of, and sell, the shares if the company defaults on its obligations under the charge.
This legal template, "Standard Clause for Charge Over Certificated Shares and Securities (Convert Charge Over Shares) under UK law," is designed to outline the terms and conditions for creating a charge or security interest over certificated shares and securities in compliance with the laws of the United Kingdom.
The template aims to provide a standardized and comprehensive clause that can be incorporated into legal agreements, such as loan agreements or security agreements, where the lender seeks to obtain a charge over the borrower's shares and securities. It specifically covers situations where the shares are held in physical form with a paper certificate.
The clause template likely includes provisions related to the creation, registration, and enforcement of the charge. It may outline the obligations of the borrower to take necessary actions to ensure the charge is valid and enforceable, including providing the lender with the relevant share certificates, executing necessary documents, and notifying relevant parties.
Additionally, the template may address issues such as restrictions on the borrower's ability to deal with the charged shares or securities without the lender's consent, the lender's rights and remedies in the event of default or enforcement, and potential circumstances triggering the release or partial release of the charge.
Furthermore, it is likely that the template ensures compliance with the specific legal requirements and standards set forth by UK legislation, such as the Companies Act 2006 or any associated regulations, that govern the creation and registration of charges over shares and securities.
Ultimately, this legal template seeks to provide a clear and legally sound framework for creating a charge over certificated shares and securities in the UK, protecting the interests of the lender while ensuring compliance with relevant laws and regulations.
The template aims to provide a standardized and comprehensive clause that can be incorporated into legal agreements, such as loan agreements or security agreements, where the lender seeks to obtain a charge over the borrower's shares and securities. It specifically covers situations where the shares are held in physical form with a paper certificate.
The clause template likely includes provisions related to the creation, registration, and enforcement of the charge. It may outline the obligations of the borrower to take necessary actions to ensure the charge is valid and enforceable, including providing the lender with the relevant share certificates, executing necessary documents, and notifying relevant parties.
Additionally, the template may address issues such as restrictions on the borrower's ability to deal with the charged shares or securities without the lender's consent, the lender's rights and remedies in the event of default or enforcement, and potential circumstances triggering the release or partial release of the charge.
Furthermore, it is likely that the template ensures compliance with the specific legal requirements and standards set forth by UK legislation, such as the Companies Act 2006 or any associated regulations, that govern the creation and registration of charges over shares and securities.
Ultimately, this legal template seeks to provide a clear and legally sound framework for creating a charge over certificated shares and securities in the UK, protecting the interests of the lender while ensuring compliance with relevant laws and regulations.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Share Purchases Approval Board Meeting Minutes Of The Buyer For Intra-Group Reorganisations
This legal template pertains to the approval board meeting minutes of the buyer involved in intra-group reorganisations under UK law, specifically regarding share purchases. In an intra-group reorganisation, companies within the same corporate group undertake specific transactions to rearrange their structure or ownership. This template document serves as a record of the meeting between the buyer's approval board members who discuss and authorize the share purchases related to this intra-group reorganisation. The minutes would include details about the attendees, the agenda items discussed, decisions made, approvals granted, and any relevant discussions or resolutions. This template ensures that the buyer complies with UK laws and regulations while documenting the necessary approvals and actions taken during such a reorganisation involving share purchases within the corporate group.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
3
DISCUSSIONS
2
Simple Adoption Policy (Leave and Pay)
The Simple Adoption Policy (Leave and Pay) legal template under UK law is a comprehensive document that outlines the rights and obligations of employers and employees regarding adoption leave and pay. This policy ensures that employees who adopt a child are entitled to certain rights and benefits in line with UK legislation. It covers various aspects such as eligibility criteria, notification requirements, length of leave and pay entitlements, and the procedure for requesting adoption leave and pay. The template provides clarity on the adoption process and assists both employers and employees in understanding their rights and responsibilities throughout this period. It aims to create a fair and supportive environment for adoptive parents, allowing them to focus on the joyous and important task of bonding with their new child while maintaining job security. The Simple Adoption Policy (Leave and Pay) legal template streamlines the adoption process, promotes employee well-being, and ensures compliance with relevant UK laws and regulations.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
4
DISCUSSIONS
3
Short Form Articles of Association (Private Company Limited by Shares)
The Short Form Articles of Association (Private Company Limited by Shares) is a legal template specifically designed for use in the United Kingdom. It serves as a governing document for private companies that operate under the legal structure of a company limited by shares.
The template outlines the internal regulations and rules that govern the operations and management of the company. It covers various key aspects such as the share capital, rights and restrictions of shareholders, procedures for appointing and removing directors, decision-making processes, and distribution of profits.
Being a "short form" document, it provides a concise yet comprehensive framework for the company's structure and functioning. It is particularly suitable for small to medium-sized companies seeking a simple, streamlined set of regulations that adhere to UK company law requirements.
These Articles of Association are crucial for maintaining clarity and ensuring consistent decision-making within the company. They serve as a reference point for shareholders, directors, and other parties involved in the company, establishing their rights, responsibilities, and obligations. Moreover, these articles also provide legal protection by defining the internal processes that govern the company's affairs and limiting potential disputes.
It is essential to adapt and tailor this template to suit the specific requirements and characteristics of the company. By consulting legal professionals with expertise in UK corporate law, the appropriate amendments and additions can be made to ensure compliance with the latest regulations and an optimal governance framework for the company.
The template outlines the internal regulations and rules that govern the operations and management of the company. It covers various key aspects such as the share capital, rights and restrictions of shareholders, procedures for appointing and removing directors, decision-making processes, and distribution of profits.
Being a "short form" document, it provides a concise yet comprehensive framework for the company's structure and functioning. It is particularly suitable for small to medium-sized companies seeking a simple, streamlined set of regulations that adhere to UK company law requirements.
These Articles of Association are crucial for maintaining clarity and ensuring consistent decision-making within the company. They serve as a reference point for shareholders, directors, and other parties involved in the company, establishing their rights, responsibilities, and obligations. Moreover, these articles also provide legal protection by defining the internal processes that govern the company's affairs and limiting potential disputes.
It is essential to adapt and tailor this template to suit the specific requirements and characteristics of the company. By consulting legal professionals with expertise in UK corporate law, the appropriate amendments and additions can be made to ensure compliance with the latest regulations and an optimal governance framework for the company.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
1
DISCUSSIONS
0
