Standard Clause For Charge Over Shares And Securities In Crest (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 sharesUnder UK law, a charge is a legal mechanism used to secure a lender's interest in an asset, ensuring that the borrower fulfills their repayment obligations. In this particular context, the template focuses on charges over shares and securities that are held electronically within the Crest system.
The Crest system, also known as the Central Securities Depository, is an electronic security depository operated by Euroclear UK & Ireland. It enables investors to hold and transfer securities in electronic form, providing a secure and efficient platform for executing transactions.
The template offers a standardized format for drafting charge agreements, highlighting specific clauses that pertain to charges over shares and securities within the Crest system. It may include provisions to define the scope of the charge, outline the responsibilities and obligations of both the lender and borrower, specify the consequences of default or breach, and establish the conditions for the release or assignment of the charge.
By utilizing this legal template, stakeholders involved in financial transactions, such as lenders, borrowers, and legal professionals, can ensure clarity and consistency in their charge agreements related to shares and securities in the Crest system. This standardized approach helps streamline the legal process, reduce ambiguity, and safeguard the interests of all parties involved.
How it works
Create doc / use template
Chat to our AI Legal Assistant
Edit, collaborate & share
Export to .docx
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
Book your personalised demo now
Similar legal templates
Truck Driver Contract
This Truck Driver contract template is designed for a commercial logistics organisation (or an individual truck driver) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of logistics and logistics-related services to be completed by the truck driver on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the logistics firm or individual truck driver on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesTermination Letter For Employee On Maternity Leave Following Redundancy Consultation
Publisher
Genie AIJurisdiction
England and WalesTUPE Advice Letter To Employees
This letter aims to inform employees about the impact of a TUPE transfer on their employment rights, terms and conditions, and any potential changes they may face as a result. It outlines the legal framework and provisions applicable to the transfer, clarifying how employees' roles, obligations, and benefits will be affected during and after the transfer process.
Included in this template are explanations regarding the continuity of employment, protection against unfair dismissal, the importance of transferring employee data, potential changes in contractual terms, and any consultations or negotiations taking place between the transferring organizations. The letter may also address the transferor and transferee's responsibilities, such as sharing relevant employee information and ensuring transparency throughout the process.
Overall, the TUPE Advice Letter To Employees is a crucial document that aims to ensure employees fully understand their rights, entitlements, and any potential changes resulting from a business transfer or service provision change, enabling them to make informed decisions about their employment.