Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

💴 Mortgage of shares

Why use a 💴 Mortgage of shares?

A mortgage of shares is a type of security interest in which the shares of a company are used as collateral for a loan. The shares can be mortgaged to a lender in order to secure the loan and the borrower is then obligated to make monthly payments to the lender. If the borrower defaults on the loan, the lender can foreclose on the shares and sell them in order to recoup the loan amount.

This legal template is designed to establish the terms and conditions for the standard mortgage of certificated shares and securities under UK law, specifically focusing on the process of changing the existing mortgage of shares.

In the context of this template, a mortgage refers to the transfer of legal ownership of shares or securities to a lender (mortgagee) as security for a loan or debt. The certificated nature of these shares and securities implies that they are represented by physical certificates, rather than being held in electronic or dematerialized form.

The template sets out the various clauses and provisions necessary to document the changing of an existing mortgage of shares. This could occur for a variety of reasons, such as the borrower (mortgagor) refinancing the loan with a new lender or paying off the debt completely.

The document likely includes sections on the rights and obligations of both the lender and borrower, the procedure to be followed when transferring the mortgage, the release and discharge of the original mortgage, and the registration of the new mortgage on the relevant share register.

The template would also likely address issues such as the preservation of any rights or remedies available to the lender, the potential involvement of any third parties (such as shareholders or co-mortgagors), and the governing law and jurisdiction for any disputes that may arise.

Overall, this legal template provides a comprehensive framework for facilitating the changing of a mortgage of certificated shares and securities, ensuring compliance with relevant UK laws and protecting 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

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



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Standard EU Merger Notification Form

This legal template serves as a Standard EU Merger Notification Form specifically designed for implementation under UK law. The template has been developed to assist companies operating within the European Union (EU) who wish to notify the relevant competition authorities in the UK regarding a proposed merger between two or more entities.

The template provides a comprehensive framework that adheres to the specific requirements mandated by UK legislation for merger notifications. It addresses key elements such as the parties involved in the transaction, a detailed description of the merger, the relevant market information, and the potential impact on competition within these markets. The template also outlines the supporting documentation required, which may include financial statements, market studies, and other relevant evidence that substantiates the intended merger.

By utilizing this standardized template, companies can ensure compliance with UK law and streamline the merger notification process, facilitating effective communication with the competition authorities. Adherence to EU merger regulations is crucial, as it helps safeguard fair market competition practices while supporting the overarching principles of a unified European market.

Overall, this legal template serves as a valuable resource for entities seeking to navigate the complexities of merger notifications within the UK and EU jurisdictions, ensuring that the requisite information is provided in a structured and comprehensive manner.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
2
RATINGS
3
DISCUSSIONS
2

Standard Procedure Advice On A Full Hearing In The Employment Tribunal (Letter To A Witness)

The legal template "Standard Procedure Advice On A Full Hearing In The Employment Tribunal (Letter To A Witness)" under UK law is a document aimed at providing comprehensive guidance and instructions to a witness involved in a legal dispute appearing before the Employment Tribunal.

In the UK, the Employment Tribunal is a specialized judicial body responsible for resolving various employment-related disputes. This legal template serves as a letter addressed to an individual who has been called as a witness during an upcoming full hearing in the Employment Tribunal. The purpose of the letter is to acquaint the witness with the standard procedures, formalities, and expectations associated with testifying in such a hearing.

The document may outline essential aspects, including the overall structure and format of the full hearing, the roles and responsibilities of the parties involved, and any specific rules and regulations particular to Employment Tribunal proceedings. It could also provide instructions regarding the appropriate conduct for the witness, such as maintaining confidentiality, attending the hearing on time, and adhering to relevant legal and ethical guidelines while giving testimony.

Moreover, the legal template may provide guidance on the nature of questioning and cross-examination, the presentation of evidence, how to prepare for the hearing, and potential repercussions of the witness's testimony, emphasizing the critical importance of truthfulness and accuracy. It may also highlight the rights and protections available to the witness during the hearing and offer advice on dealing with potential challenges or unexpected situations.

Overall, this legal template serves to inform and guide the witness, helping them understand the procedural requirements and their role in the Employment Tribunal's full hearing. By providing this standardized advice, the template aims to ensure that the witness is adequately prepared and able to present their testimony effectively, ultimately contributing to a fair and just resolution of the employment dispute.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
9
RATINGS
5
DISCUSSIONS
0

Standard Private Limited Company Written Resolution To Appoint Administrators

The legal template "Standard Private Limited Company Written Resolution To Appoint Administrators under UK law" pertains to a document that enables the shareholders of a private limited company registered in the United Kingdom to make joint decisions regarding the appointment of administrators. This template is applicable in situations where the company faces financial distress or insolvency, necessitating the appointment of skilled professionals known as administrators to manage the company's affairs.

The document provides a standardized framework for shareholders to pass a written resolution, complying with the legal requirements outlined in UK law. It includes relevant clauses, provisions, and language required to effect the appointment, ensuring compliance with the Companies Act and other relevant regulations.

The resolution template typically outlines the reasons for appointing administrators, the names or details of the proposed administrators, and the scope of their authority. It may also include provisions relating to the continuing operation of the company during the administration process, such as restrictions on disposing of assets or entering into contracts without administrator approval.

By utilizing this template, shareholders can formally document their decision to appoint administrators, ensuring transparency, legal compliance, and alignment among stakeholders. This tool provides a framework for expedited decision-making, allowing for swift action when the financial viability of the company is at stake.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
0
DISCUSSIONS
2