KERP Charge definition

KERP Charge means the charge over the Property created by paragraph 25 of the Initial Order, and having the priority provided in paragraphs 63 and 65 of such Order;
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KERP Charge means the charge in favour of certain key employees of ACC and its subsidiary, Ardenton Capital Canada Inc., pursuant to an Order of the Court dated May 6, 2021;
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KERP Charge means the charge in favour of the KERP Participants as created under paragraph 64 of the Initial Order.
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Examples of KERP Charge in a sentence

  • The Applicant is seeking approval of the KERP and a corresponding KERP Charge in the maximum amount of $998,311 to secure the Retention Bonus payments under the KERP.

  • As detailed below, the Applicants are seeking increases to the quantum of the Administration Charge, Directors’ Charge, and the DIP Lender’s Charge, and also seeking approval of the KERP Charge and the Financial Advisor Charge.

  • The proposed ARIO separately provides for a Financial Advisor Charge to secure the payment of the Transaction Fees ultimately payable (which charge is proposed to rank subordinate to each of the Administration Charge, Directors’ Charge and KERP Charge).


More Definitions of KERP Charge

KERP Charge means the charge granted by the Court to secure the KERP pursuant to the Amended and Restated Initial Order.
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KERP Charge has the meaning given to such term in the Initial Order. “L/C Credit Support” has the meaning set forth in Section 2.07(k) hereof.
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KERP Charge the charge granted by the order of the Court dated 5 July 2017 over the Property, for the beneficiaries of the key employee retention plan, and in the amount of CAD$150,000;
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KERP Charge means the charge over the Property created by paragraph 41 of the Initial Order;
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KERP Charge means the charge created under the KERP Order securing the KERP Obligations, subject to the limits set out in the KERP Order or in any other Order consented to by the Buyers.
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KERP Charge means a key employee retention program charge pursuant to the Amended Order in an amount not to exceed $998,311 which shall rank in priority to the FA Charge, the Senior Priority Lender Liens and the DIP Lender Charge, and behind the Administration Charge and the D&O Charge.
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Related to KERP Charge

  • Monthly Charge shall have the meaning set forth in Article 5.

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay

  • Engineer-in-charge means the officer nominated by the company in the Civil Engineering cadreI discipline who is competent to direct supervisors and authorised to be in charge of the works for the purpose of this contract. The Engineer in Charge IDesignated Officer in Charge who is of an appropriate seniority, will be responsible for supervising and administering the contract, certifying payments due to the contractor, valuing variations to the contract, awarding extension of time and valuing compensation events. The Engineer in Charge IDesignated Officer in Charge may further appoint his representatives i.e. another personIProject Manager or any other competent person and notify to the contractor who is directly responsible for supervising the work being executed at the site, on his behalf under their Delegation of Powers of the company. However, overall responsibility, as far as the contract is concerned ,will be that of the Engineer in ChargeIDesignated Officer in Charge.

  • Hire Charge or “Hire Charges” means the rates and charges payable by You for the hire of the Equipment.