Existing Charges Clause Samples

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Existing Charges. (a) The Company has under a Memorandum of Charge dated the 13th day of December, 1988 (hereinafter called "the First Charge") executed a first fixed charge over the Property in favour of Intairdril Ltd. of c/o Pool Company, 1037▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ America (hereinafter called "Intairdril"). (b) The Company has, inter alia, pursuant to a loan agreement dated the 28th day of April, 1995 and the debenture of the same date (hereinafter called "the Second Charge") executed in favour of the Bank a second fixed charge over the Property as security for banking facilities granted by the Bank to the Company up to the sum of United States Dollars Four million (USD4,000,000/-) for principal together with interest thereon.
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Existing Charges. Except as otherwise approved in writing by the Lender, no charge of any nature exists on or over the Borrowers and/or Guarantor’s assets, the subject of the Mortgage or security interest;
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Existing Charges. Except as otherwise permitted under this Agreement or approved in writing by the Lender, no Charge of any nature exists on or over the Obligor’s assets, the Property or the Collateral.
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Existing Charges. (a) The Company has fully settled the debts secured by the Existing Charges as at the date of this Agreement and the Vendor agrees to at its own costs and expenses use its best endeavours to procure the registration of the discharge of the Existing Charges with the CCM within one (1) month from the Completion Date. (b) In the event that the discharge of the Existing Charges is not registered with the CCM within one (1) month from the Completion Date, the Parties agree to cooperate to procure the registration of the discharge of the Existing Charges as soon as practicable provided always that all costs and expenses are solely borne by the Vendor.
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Related to Existing Charges

  • Shipping Charges Unless otherwise stated in the Bid Specifications, all deliveries shall be deemed to be freight on board (F.O.B.) destination tailgate delivery at the dock of the Authorized User. Unless otherwise agreed, items purchased at a price F.O.B. Shipping point plus transportation charges shall not relieve the Contractor from responsibility for safe and proper delivery notwithstanding the Authorized User’s payment of transportation charges. Contractor shall be responsible for ensuring that the ▇▇▇▇ of Lading states “charges prepaid” for all shipments.

  • Recurring Charges You or a supplementary cardmember may authorize a merchant to bill your account at regular intervals for goods or services (called recurring charges). Here are some important things that you need to know about recurring charges and your account.

  • Check-writing Charge The Transfer Agent may receive any fees reasonably related to the cost incurred by the Transfer Agent to administer and collect the check-writing charge applicable to a shareholder’s Account in an all-inclusive fee fund. The Transfer Agent may also receive any fees reasonably related to the cost to the Transfer Agent of completing stop payment orders with respect to checks written on a shareholder’s Account in an all-inclusive fee fund.

  • Non-Recurring Charges 1.9.1 Where rates consist of usage sensitive charges or per occurrence charges, such rates are classified as “non- recurring charges”. 1.9.2 Consistent with FCC Rule 51.307(d), there may be non-recurring charges for each 251(c)(3)

  • No Outstanding Charges There are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;