Appointment of LPA/fixed charge receiver
Appointment of LPA/fixed charge receiver

The following Restructuring & Insolvency precedent provides comprehensive and up to date legal information covering:

  • Appointment of LPA/fixed charge receiver

Date[insert date of appointment]

Parties

  1. 1

    [insert name of Lender] of [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] ('Lender')

  1. 2

    [[insert name of Receiver] OR [insert name of Receivers]] of [insert address] (['Receiver' OR ‘Receivers’]')

    1. 1

      The Mortgage

      By a mortgage ('the Mortgage') dated [insert date of mortgage] and made between (1) [insert name of borrower] ('the Borrower') and (2) the Lender, the property described in the schedule ('the Property') was charged in favour of the Lender by way of legal mortgage to secure payment of the sum of £[insert amount of loan] on [insert date for redemption or brief details of other repayment arrangements] and payment or discharge of all other money, obligations and liabilities covenanted to be paid or discharged by the Borrower under the Mortgage or otherwise secured by it

    1. 2

      Default

      The money secured by the Mortgage has become due and payable and the security constituted by it has become enforceable

    1. 3

      Appointment of receiver[s]

      The Lender, by the powers given by the Mortgage and all other powers given by statute or otherwise, appoints the [Receiver OR Rece

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