Property warranties (short-form) in a share purchase
Property warranties (short-form) in a share purchase

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Property warranties (short-form) in a share purchase
  • Property warranties and definitions to include in a short-form share purchase agreement
  • Definitions

Property warranties and definitions to include in a short-form share purchase agreement

Definitions

In this Agreement, unless the context otherwise requires:

  1. 1

    Encumbrance

    1. means any mortgage, claim, charge (fixed or floating), pledge, lien, hypothecation, guarantee, right of set-off, trust, assignment, right of first refusal, right of pre-emption, option, restriction or other encumbrance or any legal or equitable third party right or interest including any security interest of any kind or any type of preferential arrangement (or any like agreement or arrangement creating any of the same or having similar effect) and Encumbrances means more than one of them;

    Freehold Properties

    1. means the freehold properties of the [Company OR Group], described in Part [insert number] of Schedule [insert number] and Freehold Property means any one of them;

    Lease

    1. means the lease and any supplemental documents under which any Leasehold Property is held, further details of which are set out in Part [insert number] of Schedule [insert number] and Leases means more than one of them;

    Leasehold Properties

    1. means the leasehold properties [Company OR Group], described in Part [insert number] of Schedule [insert number] and Leasehold Property means any one of them;

    Properties

    1. means the Freehold Properties and the Leasehold Properties described in the