FIRSTLY Clause Samples

The 'FIRSTLY' clause serves as an introductory provision that enumerates the initial point or obligation in a list of terms within a contract or legal document. It typically marks the beginning of a sequence, such as outlining the first step in a process, the first party's responsibility, or the initial condition that must be met. For example, it might specify the first payment due, the first action required by a party, or the first event that triggers subsequent obligations. Its core practical function is to organize the document in a clear, logical order, ensuring that each point is addressed systematically and reducing ambiguity about the sequence of actions or responsibilities.
FIRSTLY in or towards satisfaction of any amounts in respect of the balance of the Secured Obligations as are then due and payable, in such order or application as the Mortgagee shall think fit;
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FIRSTLY in or towards satisfaction of any amounts in respect of the balance of the Secured Obligations as are then accrued due and payable or are then due and payable by virtue of payment demanded;
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FIRSTLY in payment of any and all sums whatsoever due and payable to the Lender hereunder (such sums to be paid in such order as the Lender may in its sole discretion elect); and
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FIRSTLY on Reference Plan 67R-3397, save and except Part 1 on Reference Plan 58R-10199 and save and except Parts 2 and 7 on Reference Plan 67R-3585; Subject to an easement in favour of the Corporation of the City of Cambridge over Parts 1, 2 and 3 on Reference Plan 67R-1595 as in Instrument No. 562772; Subject to an easement in favour of the Corporation of the City of Cambridge over Part 1 on Reference Plan 67R-2662, as set out in Instrument Nos. 672505 and 719705; Subject to an easement in favour of Ontario Hydro over Parts 10, 11 and 13 on Reference Plan 67R-2555 as set out in Instrument No. 519440; Subject to an easement in favour of Ontario Hydro over Part 3 on Reference Plan 67R-2744 as set out in Instrument No. 672553; Subject to an easement in favour of Ontario Hydro over Part 1 on Reference Plan 67R-2721 as set out in Instrument No. 675358; Subject to the restrictive covenants more particularly set out in Instrument Nos. 664863, 666649 and 657448; SECONDLY: Parts 3, 4 and 6 on Reference Plan 67R-3397, save and except Parts 5 and 6 on Reference Plan 67R-3585; Subject to an easement over part of the lands being part of Part 10 on Reference Plan 67R-2555 in favour of Ontario Hydro, as set out in Instrument No. 519440; Subject to an easement over part of the lands being part of Part 1 on Reference Plan 67R-1075 (now Parts 12, 13 and 14 on Reference Plan 67R-2555 and Part 2 on Reference Plan 58R-8029) in favour of the City of Cambridge, as set out in Instrument No. 562772; Subject to the restrictive covenants as contained in Instrument No. 731985;
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Related to FIRSTLY

  • LENDER'S EXPENDITURES If any action or proceeding is commenced that would materially affect Lender’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Borrower. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Lenders’ Expenses All Lenders’ Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due.

  • Costs of Utilisation 8 Interest

  • Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.