First Charge Sample Clauses

First Charge. In the event of sale and transfer of its Apartment by the Defaulter Apartment Acquirer, the Developer or the Association, as the case may be, will have first charge and/or lien over the sale proceeds for the purpose of realisation and/or recovery of the Maintenance Default Amount together with interest accrued thereon.
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First Charge. The charge upon the Equipment evidenced by this Agreement shall be a first charge against such assets.
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First Charge. (1) The amount of purchase price or the balance thereof as the case may be as is due under the terms and conditions of the Tender Notice and the terms and conditions of this agreement, the Adhiniyam and the rules, shall form first charge on the Tendu leaves taken delivery of by the purchaser.
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First Charge. In the event of sale and transfer of the Unit by the Purchaser(s), the Owner/Vendor and after them, the Association/ Maintenance Authority, will have first charge and/or lien over the sale proceeds for payment of the arrears along with interest accrued thereon.
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First Charge. The Purchaser and the Vendor agree that the Royalty constitutes an interest in land and claims, and the Vendor may register notice of the Royalty Agreement on title to the Properties in the appropriate land registry office and appropriated mining office as a first charge on the Property. The Vendor agrees to negotiate with the Purchaser in good faith at any time should the registration of the Royalty on title have the effect of impairing the Purchaser's ability to conduct business including but not limited to arranging joint venture agreements or debt financings.
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First Charge. 7.7.1 After the mortgage created in favour of IDBI Trusteeship Services Limited is cleared, the Seller shall have the first charge and lien over the Schedule B Property and the Apartment and shall retain possession thereof until all the payments are made to the Seller by the Purchaser under this Agreement and under the Construction Agreement.
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First Charge. In the event of sub-lease of the Unit by the Sub Lessee, the Sub Lessor and after them the H.O., will have first charge and / or lien over the Sub Lease proceeds for payment of the arrears along with interest accrued thereon.
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Related to First Charge

  • Service Charge The Tenant must pay the Service Charge in accordance with Part 1 of Schedule 3. VAT The Tenant must pay: VAT on any consideration in respect of a VAT Supply to the Tenant by the Landlord at the same time as the consideration is paid; and on demand VAT (and interest, penalties and costs where these are incurred because of anything the Tenant does or fails to do) charged in respect of any VAT Supply to the Landlord in respect of the Premises where that VAT is not recoverable by the Landlord from HM Revenue & Customs. The Tenant must not do anything that would result in the disapplication of the option to tax in respect of the Landlord’s interest in the Estate. Interest on overdue payments The Tenant must pay interest on the Rents and on all other sums not paid on or by the due date (or, if no date is specified, not paid within 10 Business Days after the date of demand). Interest will be payable at the Interest Rate for the period starting on the due date (or date of demand) and ending on the date of payment. Reimburse costs incurred by the Landlord The Tenant must pay on demand the Landlord’s costs (including legal and surveyor’s charges and bailiff’s and enforcement agent’s fees) and disbursements in connection with: any breach of the Tenant’s obligations in this Lease, including the preparation and service of a notice under section 146 of the 1925 Act; any application by the Tenant for consent under this Lease, whether that application is withdrawn or consent is granted or lawfully refused, except in cases where the Landlord is required to act reasonably and the Landlord unreasonably refuses to give consent; [and] [carrying out works to the Premises to improve their Environmental Performance where the Tenant, in its absolute discretion, has consented to the Landlord doing so; and]44 the preparation and service of a schedule of dilapidations served no later than six months after the End Date. Third party indemnity45 The Tenant must indemnify the Landlord against all actions, claims, demands made by a third party, all costs, damages, expenses, charges and taxes payable to a third party and the Landlord’s own liabilities, costs and expenses incurred in defending or settling any action, claim or demand in respect of any personal injury or death, damage to any property and any infringement of any right, in each case arising from: the state and condition of the Premises or the Tenant’s use of them; the exercise of the Tenant’s rights; or the carrying out of any Permitted Works. In respect of any claim covered by the indemnity in clause 4.7.1, the Landlord must: give formal notice to the Tenant of the claim as soon as reasonably practicable after receiving notice of it; provide the Tenant with any information and assistance in relation to the claim that the Tenant may reasonably require and the Landlord is lawfully able to provide, subject to the Tenant paying to the Landlord all costs incurred by the Landlord in providing that information and assistance; and mitigate its loss (at the Tenant’s cost) where it is reasonable for the Landlord to do so.

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