The rule as to merger of interest in the judgment1 applies only to claims for interest made against the mortgagor personally under his covenants for payment of principal and interest2. The amount for the time being recoverable under those covenants is independent of the amount for which the mortgaged property is a security3. The security stands for the amount of the principal and the full interest, that is interest at the agreed rate, and, in taking the accounts in redemption or foreclosure
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G
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