Prior Charges definition

Prior Charges means those charges in respect of which an invoice statement is issued pursuant to sub-section 2.1 of Part J;

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Prior Charges means all or any of the Security created or expressed to be created by or pursuant to the Prior Deed of Charge.

Prior Charges means the prior encumbrances permitted by us shown in box 11 in the Mortgage Form or any financial charge registered against the Property which has been granted or assumed by you and which has priority over our interests under the Mortgage;

Examples of Prior Charges in a sentence

• The Settlement System Administrator shall send the Contract Manager an invoice statement for Prior Charges in the agreed form in respect of each month no later than 45 days prior to the commencement of such month.

• Where, after investigation, it is agreed between the Contract Manager and the Settlement System Administrator that the amount disputed has in fact been correctly calculated by the Settlement System Administrator, the Settlement System Administrator shall have the right to charge interest on such Prior Charges or Post Charges in accordance with and on the basis set out in sub-section 3.3 below from the date upon which they would have been due for payment if undisputed.

• If any concerns are not settled by the date the invoices are required to be despatched to Pool Members, such invoices may be despatched by the Settlement System Administrator on the basis it reasonably believes to be correct insofar as they relate to Prior Charges or Post Charges which are not disputed by the Contract Manager.

• Not to create (or allow to be created) any mortgages, pledges, charges, liens or other encumbrances over the Property (other than this charge and the Prior Charges) without the prior written consent of the Council.

• Any Prior Charges or Post Charges which are believed in good faith to be wrong by the Contract Manager and continue to be disputed in good faith may not be included in any invoice until the amount outstanding has been settled between the Settlement System Administrator and the Contract Manager.

• BGE will at all times cause to be duly observed and performed all the covenants and conditions contained in any of the mortgages, deeds of trust or other instruments securing or creating any of the Prior Charges for which Bonds or deposited cash shall be reserved under Section 6 of Article I of this Indenture.

• All Prior Charges must be invoiced within 20 days of the execution of this Agreement.

• Whenever the retirement of Prior Charges through the operation of any sinking fund, or for any other reason, the amount of Bonds reserved under this Section 6 shall become unnecessary for the purposes for which said amount is reserved, then such amount shall ipso facto be reduced to the amount necessary thereafter to be reserved.

• Upon approval of the Plan and Special District, the City shall be entitled to reimbursement for any Prior Charges from the revenues generated from the Special District sales tax, or the proceeds of the bonds attributable to the special district sales tax (the “Special District Bonds”).

• All Prior Charges paid prior to the Effective Date shall be paid from those sources of funding identified in this Section 3.d no later than six months from the date the Special District Bonds are issued.

More Definitions of Prior Charges

Prior Charges means the charges over the Assets of the Company in favour of the Company's bankers from time to time being one United Kingdom clearing bank.

Prior Charges means those charges which are registered against the Mortgaged Property:

Prior Charges means the existing Permitted Encumbrances, brief particulars of which are set out in Schedule 3 (but only to the extent therein specified);