Cross Charge definition
Examples of Cross Charge in a sentence
The Defaulting Owner warrants to the Non-Defaulting Owner that it has good title to the assets to be transferred free from any Security Interest, pre-emptive rights, and other third party rights (other than a Cross Charge, a Permitted Security Interest and any Existing JV Arrangements).
Nothing in this clause 9 affects the ability of any Owner to enforce its rights under any Cross Charge in addition to, or as an alternative to, any remedy provided for in this clause 9 in respect of any default by another Owner.
In case of a MCE Resort Purchase Cross Charge, the relevant Service Provider shall pay to the relevant Melco Crown WA7 Party (as Service Recipient) the amount of such MCE Resort Purchase Cross Charge collected through the Parties’ intercompany accounts within ten (10) days of issuance of the relevant invoices.
For the purpose of better securing payment of the amounts required to be paid by each Party under this Agreement, each of the Joint Venture Parties must, within 14 days of the date hereof, execute a Cross Charge or Cross Charges creating in favour of each other Joint Venture Party a charge upon such Party's interest in the Exploration Joint Venture Property and the Mining Joint Venture Property, such Cross Charges to be in such a form as all Parties, acting reasonably agree.
Deed of Cross Charge dated 22 May 2008 between Morobe Consolidated Goldfields Limited and Newcrest PNG 1 Limited (MOR0102002) Wafi Mining Ltd All Securities arising under or pursuant to the Wafi-Golpu Joint Venture Agreement, including without limitation:Deed of Cross Charge executed pursuant to clause 11.1 thereof)(see below); andTrust in Sale provisions under clause 18.3 thereof.