Sentences with phrase «chargee under the charge»
«mortgage» includes a charge under the Land Titles Act, in which case «mortgagor» and «mortgagee» mean the chargor and the chargee under the charge; («hypothèque», «débiteur hypothécaire», «créancier hypothécaire»)
https://www.ontario.ca/ Not exact matches
11 A person named as chargee in a charge containing standard charge terms that have been filed under subsection 8 (1) who takes the charge before providing the chargor or the chargor's solicitor with a copy of the standard charge terms is guilty of an offence and on conviction is liable to a fine of not more than $ 5,000.
12 (1) Where the Director is satisfied that a charge presented for registration contains terms that should be filed under subsection 8 (1) because of the frequency of their use in charges in favour of the chargee, the Director may give the chargee notice in the form and manner required by the Director that on and after a day specified by the Director, no charge in favour of the chargee that sets the terms out expressly shall be registered without the Director's authorization.
(3) Where the Director has given a notice under subsection (1), no charge in favour of the chargee that sets the terms out expressly shall be registered without the Director's authorization on or after the day specified by the Director.