First Charge Sample Clauses

First Charge. In the event of sale and transfer of its Apartment by the Defaulter Apartment Acquirer, the Developer or the Association, as the case may be, will have first charge and/or lien over the sale proceeds for the purpose of realisation and/or recovery of the Maintenance Default Amount together with interest accrued thereon.
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First Charge. The charge upon the Equipment evidenced by this Agreement shall be a first charge against such assets.
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First Charge. (1) The amount of purchase price or the balance thereof as the case may be as is due under the terms and conditions of the Tender Notice and the terms and conditions of this agreement, the Adhiniyam and the rules, shall form first charge on the Tendu leaves taken delivery of by the purchaser.
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First Charge. The Seller shall have the first lien and charge on the Schedule `C' Unit to be constructed by the Seller under the terms of this Agreement and its Possession shall lie with the Seller until all the payments are made to the Seller by the Purchaser/s under this Agreement.
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First Charge. In the event of sub-lease of the Unit by the Sub Lessee, the Sub Lessor and after them the H.O., will have first charge and / or lien over the Sub Lease proceeds for payment of the arrears along with interest accrued thereon.
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First Charge. The Purchaser and the Vendor agree that the Royalty constitutes an interest in land and claims, and the Vendor may register notice of the Royalty Agreement on title to the Properties in the appropriate land registry office and appropriated mining office as a first charge on the Property. The Vendor agrees to negotiate with the Purchaser in good faith at any time should the registration of the Royalty on title have the effect of impairing the Purchaser's ability to conduct business including but not limited to arranging joint venture agreements or debt financings.
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First Charge. 7.7.1 After the mortgage created in favour of IDBI Trusteeship Services Limited is cleared, the Seller shall have the first charge and lien over the Schedule B Property and the Apartment and shall retain possession thereof until all the payments are made to the Seller by the Purchaser under this Agreement and under the Construction Agreement.
Sample 1
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First Charge. In the event of sale and transfer of the Unit by the Purchaser(s), the Owner/Vendor and after them, the Association/ Maintenance Authority, will have first charge and/or lien over the sale proceeds for payment of the arrears along with interest accrued thereon.
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First Charge. Each charge by the Council pursuant to clause 9.1 is, subject to any prior charge created pursuant to clause 9.4, a first ranking charge.
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Related to First Charge

  • MINIMUM INTEREST CHARGE If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Interest Charges We calculate a Daily Balance for your Account. We may maintain separate balances for your Purchases and special promotional Purchase balances (each, a “Balance Type”) and calculate a Daily Balance for each. To determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and credits applied to that Balance Type. We then multiply the resulting balance by the applicable Daily Periodic Rate. The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day. Purchases are included in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase is posted to the Account. Fees are included in the Daily Balance of Purchases when posted to the Account. We figure the Interest Charge on your Account for each Balance Type by multiplying your Daily Balance of each Balance Type by the applicable Daily Periodic Rate for each day in the billing cycle. At the end of the billing period, we will add up the daily Interest Charges on all Balance Types for each day in the billing period to get the total Interest Charge for the billing period. Interest Charges begin to accrue on Purchases as of the day the Purchase is included in the Daily Balance. However, if you paid the New Balance that was shown on your previous billing statement by the Payment Due Date on that statement, then (1) we will not impose Interest Charges on Purchases during your current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement, and (2) we will credit any payment (to the extent the payment is applied toward Purchases) as of the first day in your current billing period if you make a payment by the Payment Due Date that is less than the current billing period’s New Balance. If a New Balance was shown on your previous billing statement and you did not pay the New Balance by the Payment Due Date on that statement, then we will not impose Interest Charges on any Purchases during the current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement. We may be required to apply your payments to certain balances first. This may impact Interest Charges on Purchases. If you do not pay your New Balance in full each month, then, depending on the balance to which we apply your payment, your new Purchases may be subject to interest. .•MINIMUM CHARGE FOR BILLING PERIOD — For any billing period in which an Interest Charge is imposed on your Account, there is a minimum interest charge of $1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.

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