Creation of Charge Sample Clauses

Creation of Charge. 3.2.1 The Procurer hereby agrees that at least forty five (45) days prior to the original or Revised Scheduled Delivery Date (“Charge Creation Date”), as the case may be, it shall create first charge over the Incremental Receivables in favour of the Seller and confirm effective as of the Charge Creation Date and until satisfaction of the Secured Obligations and the termination of this Agreement. The Procurer’s Financing Parties shall not have any charge over the Incremental Receivables or any part of the Security, and that such charge, if created in future, in favour of the Procurer’s Financing Parties or any other entity would be secondary and subordinate to the first charge created in favour of the Sellers pursuant to the Agreement to Hypothecate Cum Deed of Hypothecation entered into with the Seller. The Subsidiary Escrow Agents also agree to the provisions of this Article 3.2.1.
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Creation of Charge. (A) Subject to paragraph (B) below, the Chargor, as continuing security for the payment and discharge of all Secured Liabilities, charges with full title guarantee all its Rights, title and interest in and to the Charged Property by way of a first ranking fixed equitable charge in favour of the Security Agent.
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Creation of Charge. If the Borrower is accompany, the Borrower shall register the charge created in favour of the Lender in proper form with the registrar of companies within a period of 30 days from the date of creation of charge.
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Creation of Charge. 3.1 As continuing security for the due and punctual discharge of the Secured Obligations, the Chargor hereby creates in favour of the Chargee (as Security Trustee) a first rank floating charge over the Charged Assets.
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Creation of Charge. 3.1. As continuing security for the payment, repayment, prepayment, satisfaction, performance and discharge of the Loan, the Grantor, for good and valuable consideration, hereby charges by way of a floating charge, in favour of the Creditor, all the movable undertakings and assets of the Grantor whatsoever, wherever situate, present or future in the Secured Assets. Full content to be unlocked upon purchase SECURITY ASSIGNMENT
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Creation of Charge. 4.2.1 The Utility hereby agrees and undertakes that it shall create, under and pursuant to the Deed of Hypothecation, a first charge in favour of the Supplier over the Revenues routed through the Default Escrow Account in pursuance of this Agreement, which charge shall remain in force and effect until payment and discharge of the Secured Obligations. The Utility further acknowledges and agrees that commencing from the date of execution of the Deed of Hypothecation and until payment and discharge of the Secured Obligations, the Utility’s Lenders or any other entity shall not have any charge over any part of the Security, and that such charge, if created in future, in favour of Utility’s Lenders or any other entity would be secondary and subordinate to the first charge created in favour of the Supplier pursuant to the Deed of Hypothecation. The Utility expressly agrees that it shall procure and ensure that the rights of the Supplier hereunder are not prejudiced in any manner whatsoever.
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Creation of Charge. (a) Notwithstanding anything contained hereinabove by execution of this Agreement, the Purchaser(s) has/have provided his/her/it/their consent to the Developer to apply for and obtain financial assistance and/or project finance from any bank and/or financial institution and for the said purpose to create mortgage, security, charge or other Encumbrances over and in respect of the said building or any part or portion thereof in favor of the bank and/or other financial institution providing such loan and/or financial assistance to the Developer. For the avoidance of doubt it is clarified that this Agreement by itself shall be treated as the written consent of the Purchaser(s) for creation of charge/mortgage over any part and portion of the Said building and no separate consent shall be required for the said purpose.
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Creation of Charge 
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Related to Creation of Charge

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

  • Payment of Charges All amounts chargeable to Borrower under Section 6 hereof shall be Obligations secured by all of the Collateral, shall be payable on demand and shall bear interest from the date such advance was made until paid in full at the rate applicable to Revolving Credit Loans from time to time.

  • Implementation of Changes If Tenant: (i) approves in writing the cost or savings and the estimated extension in the time for completion of Landlord’s Work, if any, and (ii) deposits with Landlord any Excess TI Costs required in connection with such Change, Landlord shall cause the approved Change to be instituted. Notwithstanding any approval or disapproval by Tenant of any estimate of the delay caused by such proposed Change, the TI Architect’s determination of the amount of Tenant Delay in connection with such Change shall be final and binding on Landlord and Tenant.

  • Notification of Changes Subscriber agrees and covenants to notify the Company immediately upon the occurrence of any event prior to the consummation of this Offering that would cause any representation, warranty, covenant or other statement contained in this Agreement to be false or incorrect or of any change in any statement made herein occurring prior to the consummation of this Offering.

  • Floating Charge (a) The Chargor charges by way of a first floating charge all its assets not at any time otherwise effectively mortgaged, charged or assigned by way of fixed mortgage, charge or assignment under this Clause.

  • Definition of Change of Control For purposes of this Agreement, a “Change of Control” will mean the first to occur of:

  • Creation of Liens Create or suffer to exist any Lien or transfer upon or against any of its property or assets now owned or hereafter acquired, except Permitted Encumbrances.

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