Subsequent Charges Sample Clauses
The 'Subsequent Charges' clause defines the rules and procedures for imposing additional fees or costs after the initial agreement has been made. Typically, this clause outlines the circumstances under which extra charges may arise, such as for additional services, unforeseen expenses, or changes in project scope, and specifies how and when these charges must be communicated and approved. Its core practical function is to provide a clear framework for handling extra costs, thereby preventing disputes and ensuring both parties understand their financial obligations as the contract progresses.
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Subsequent Charges. The Parties may in writing at any time after execution of this Agreement or the commencement of the services delete, extend, increase, vary, or otherwise alter the services forming the scope of services. The Parties further agree that such changes shall alter the scope of services, schedule and/or the costs. Any such changes shall be made in writing through a Change Order with reference to this Agreement and accepted in writing by both Parties.
Subsequent Charges in or towards payment of, or provision for, any debts or liabilities secured by any charge or security interest ranking subsequent to the security created by this Deed,
Subsequent Charges. 8.1.1 If the Security Trustee receives notice (whether actual or constructive) of any subsequent Lien or other interest affecting any of the Investments or any interest in any of the Investments, or of any other matter which may cause the security created by or pursuant to the terms of this Deed to cease to be a continuing security the Security Trustee may open a new account or accounts for the Mortgagor.
8.1.2 If the Security Trustee does not open a new account pursuant to clause 8.1.1 then, unless the Security Trustee shall notify the Mortgagor to the contrary, it shall nevertheless be treated as if it had done so at the time when it received such notice and as from that time all payments made by or on behalf of the Mortgagor to the Security Trustee shall be credited or deemed to have been credited to the new account and shall not operate to reduce the amount due from the Mortgagor at the time when it received such notice.
Subsequent Charges. Subject to Clause 5.1.1 (Negative Pledge), procure that any Security (other than Permitted Liens) created by the Chargor over the Charged Assets after the date of this Debenture (otherwise than in favour of the Security Trustee) shall be expressed to be subject to this Debenture.
Subsequent Charges. If any Beneficiary receives notice (whether actual or constructive) of any subsequent Lien or other interest affecting any of the Charged Rights or any interest in any of the Charged Rights, or of any other matter which may cause the Security to cease to be a continuing security the Beneficiary may open a new account or accounts for the Borrower and/or the Chargor.
Subsequent Charges subject to Clause 5.1.1 (Negative Pledge), it shall procure that any Security created by the Company after the date of this Deed (otherwise than in favour of the Lender) with respect to the Charged Assets shall be expressed to be subject to this Deed;