template

Standard Clause For Charge Over Certificated Shares And Securities (Convert Charge Over Shares)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

This standard clause can be used to convert a Standard document, Charge over shares, into a charge over all certificated shares and securities owned by the borrower.

Key issues covered in this template

  • Asset security
  • No encumbrance
  • Paid in full
  • Registration and security
  • Remove share restrictions
  • Right of pre-emption
  • Secured assets
  • Security transfer
  • Stock transfer forms
  • Transfer of assets
  • N/A

What to watch out for

  • The document should specify what type of shares and securities are included in the charge

  • The document should state whether the charge is over all shares and securities, or only some of them

  • The document should identify the borrower and the lender

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Finance

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes