Existing Charge definition
Examples of Existing Charge in a sentence
This Charge Over Shares amends, restates and supersedes the Existing Charge Over Shares; provided, that (i) the Liens in favor of Administrative Agent for the benefit of Lenders securing payment of the Obligations are in all respects continuing and in full force and effect with respect to all Obligations and (ii) all references in the other Credit Documents to the Existing Change Over Shares shall be deemed to refer without further amendment to this Charge Over Shares.
In accordance with the provisions of the Framework Agreement, on the first Day following each anniversary of the commencement of the Framework Agreement, the Charges shall be varied by the application of the following formula: NC = EC * Z where: NC = New Charge EC = Existing Charge, and Z = 1 + (% change in RPIX Index) 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇).
On the first Day following an extension of any one Lot or Lots (as set out at Clause 14.2 of the Framework Agreement), the Charges shall be varied by the application of the following formula: NC = EC * Z where: NC = New Charge EC = Existing Charge, and Z = 1 + (% change in RPIX Index) 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇).
As part of the Conditions Precedent, Penmaland is responsible for the conversion of category of land use in respect of the Tampin Land for the purposes of the Development and is also responsible for the discharge of the Existing Charge so as to allow DCRSB to charge the Tampin Land to the Financiers for the purposes of securing financing for the Development.
Existing Charge R.P.N. shifts at ▇▇▇▇▇▇ Trails Care Community are currently paid at eight (8) hours per shift, with a paid meal period included.
On the first Day following each anniversary of the Effective Date, the relevant Charges shall be varied by the application of the following formula: NC = EC * Z where: NC = New Charge EC = Existing Charge, and Z = 1 + (% change in RPIX Index) 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇).
On the Commencement Date, the Security Trustee agrees that all existing security under the Existing Charge Agreement will be released.
In accordance with the provisions of the Framework Agreement, at 30 September 2008 and on the anniversaries of that date, the Charges shall be varied by the application of the following formula: NC = EC * X where: NC = New Charge EC = Existing Charge, and (% change in RPIX Index) X = 1 + _____________________ 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/instantfigures.asp).
Notwithstanding that the Group is allowed to charge the Tampin Land for securing financing for the Development upon the release of the First Payment to Penmaland and the discharge of the Existing Charge by Penmaland, there can be no assurance that the necessary financing will be available in amounts or on terms acceptable to the Group.