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Facility agreement

Relationship to legal charge Rectification of register – power of sale Cherry Tree Investments Ltd v Landmain Ltd [2012] EWCA Civ 736 Summary A facility agreement and legal charge are separate documents. It is not possible, as a matter of interpretation, to insert a clause into a legal charge from the facility agreement in order to extend the statutory power of sale. Facts A borrower (B) entered into a facility agreement with a lender (L) for a loan on the…

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