Replacement Charge

For Only:

Kshs 3,000

Replacement Charge


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Table of Content

  1. Covenant to Pay
  2. Interest
  3. Secured Obligations
  4. Charging Clause
  5. Charges and Expenses
  6. Covenants by the Chargor
  7. Early Repayment of the Charge Debt
  8. Events of Default
  9. Lender’s Remedies
  10. Statutory Power of Sale
  11. Receiver’s Commission
  12. Chargor Not to Part with Possession
  13. Further Advances
  14. Right of Consolidation
  15. Application of Rent Monies
  16. Lender’s Right to Remove Furniture or Chattels
  17. Security not to Confer on Lender any Right in Equity to any Furniture or Chattels
  18. Application of Monies
  19. Indemnity
  20. Lender Not Liable to Account as Mortgagee in Possession
  21. Representations and Warranties
  22. No Right to Further Advances
  23. Protection of Third Parties
  24. Continuing Security
  25. Other Security
  26. Exercise of Rights
  27. Rights Cumulative
  28. Right to Debit Chargor’s Account
  29. Consolidation
  30. Currency Conversion
  31. Further Assurance
  32. Power of Attorney
  33. Notice of Any Subsequent Encumbrance
  34. Security Not to be Affected by Change in Constitution of the Lender
  35. Dealings between the Chargor and the Lender
  36. Invalidity
  37. Consent of the Lender
  38. Joint and Several Liability
  39. Certificate by Officer of the Lender Conclusive
  40. Notices
  41. Discharge
  42. Amendments
  43. Advances to a Third Party
  44. Credit Reference
  45. Changes in Law
  46. Matters to be Noted in the Register
  47. No Representations
  48. Governing Law
  49. Definitions and Interpretation

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