First Priority Charge definition

First Priority Charge has the meaning specified in the Preliminary Statements to this Agreement.
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First Priority Charge means the out-of-pocket expenses incurred by the Authority and the City in connection with the Project, including but not limited to, municipal advisor fees and attorney’s fees in an amount not to exceed $30,000; and (ii) $10,000 per year for each year of the District for tax incremental district administration.
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Examples of First Priority Charge in a sentence

  • Borrower is hereby requesting that the Tranche A Lenders direct the Facility Agent and the Security Trustee as of the Waiver Effective Date to (i) terminate the First Priority Charge Over Shares, dated May 2005, between Q▇▇▇▇▇▇▇ Maritime Investors LLC and Citicorp Trustee Company Limited, as Security Trustee, (ii) release any charge or lien created over the Shares (as defined therein), and (iii) re-deliver the Shares to Q▇▇▇▇▇▇▇ Maritime Investors LLC.

Related to First Priority Charge

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • First Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.