MORTGAGE OR CHARGE:- Sample Clauses

MORTGAGE OR CHARGE:-. 18.1 The Owner/Vendor agrees that he shall not mortgage or create a charge on the Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment. 18.2 Notwithstanding anything contrary contained in this Agreement, the Allottee hereby authorizes and permits the Owner/Vendor to raise finance/loan from any institution / company / bank by any mode or manner bywayof charge / mortgage / securitization of the Apartment / Project / Building or the land underneath or the receivables, subject to the condition that the Apartment shall be made free from all encumbrances at the time of execution of Sale Deed in favour of the Allottee(s). The allottee shall be informed about the same at the time of agreement.
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MORTGAGE OR CHARGE:-. The Tenant must not without the prior written consent of the Landlord, which consent will be at the Landlord's absolute discretion, grant any mortgage, charge or financial security over the Lease. The Landlord may give consent subject to any conditions given by the Landlord at its discretion and only after obtaining the Minister's approval and consent.
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MORTGAGE OR CHARGE:-. The Promoter agrees that he shall not mortgage or create a charge on the Office unit and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Office unit.
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MORTGAGE OR CHARGE:-. (a) The Company may with the consent of the Mines Minister, which consent must not be unreasonably withheld or delayed, mortgage, charge, pledge or otherwise encumber, including by way of fixed or floating charge, the whole or any part of its interest under this Agreement and the Kanyika Mineral Right (including any whole or part of the Project, wherever located, any Mine Product and uncalled capital and premiums) solely as security for the repayment of any principal, interest and other fees, costs and expenses relating to any loans made by any Person (including the Project Lenders) to the Company to finance or refinance Operations (the “Mortgaged Property”), so long as the holder (the “Enforcing Party”) of such mortgage, charge, pledge or encumbrance (collectively, a “Mortgage”) agrees in writing with the Mines Minister prior to the granting of such Mortgage that it will cause an exercise of remedies under such Mortgage against the rights of the Company in the Mortgaged Property to occur only if: (i) the exercise of remedies results in a Transfer of 100% of the interest of the Company in the Kanyika Mineral Right and this Agreement; (ii) the Enforcing Party provides the Mines Minister with written notice of its intention to Transfer the Mortgaged Property at least twenty (20) Business Days in advance; (iii) the transferee delivers to the Mines Minister prior to such Transfer: (A) its agreement to assume and perform or discharge the obligations and liabilities of the Company under this Agreement; (B) its written representations and warranties to the effect set forth in clause 25 are stated to be true and correct as of a time immediately after giving effect to such Transfer; (C) the transferee has demonstrated prior to such Transfer to the satisfaction of the Government, acting reasonably, that it has directly or indirectly the technical skills, experience, and financial resources necessary to carry out its obligations under this Agreement; (D) the transferee is a Permitted Transferee; and (E) any Taxes or fees due in connection with such Transfer have been paid by the Enforcing Party or the transferee, as applicable. (b) The Government may exercise all of its rights under the Mines and Minerals Act in the event of a default by the Company under the Mines and Minerals Act, provided that it gives at least twenty (20) Business Days’ notice of its intention to do so to the Person to whom an interest is mortgaged, charged, pledged or encumbered pursuant to clau...
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MORTGAGE OR CHARGE:-. The Lessee may only mortgage, charge or otherwise encumber this Lease or the Lessee's Property with the prior consent of the Lessor.
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Related to MORTGAGE OR CHARGE:-

  • Pledge, Mortgage or Charge as Collateral for a Loan

  • MANAGEMENT CHARGE 16.1 In consideration of the establishment and award of this Framework Agreement and the management and administration by the Authority of the same, the Supplier agrees to pay to the Authority the Management Charge in accordance with Clause 16.2 below. 16.2 The Authority shall be entitled to submit invoices to the Supplier in respect of the Management Charge due each Month based on the Management Information provided pursuant to Framework Agreement Schedule 8 (Management Information), and adjusted: 16.2.1 in accordance with paragraph 5.5 of Framework Agreement Schedule 8 (Management Information) to take into account of any Admin Fee(s) that may have accrued in respect of the late provision of Management Information; and 16.2.2 pursuant to paragraph 6 (Default Management Charge) of Framework Agreement Schedule 8 (Management Information) to take into account any under payment of the Management Charge. 16.3 Unless agreed otherwise, the Supplier shall pay the amount stated in any invoice submitted under Clause 16.2 within thirty (30) Days of the date of issue of the invoice. 16.4 The Management Charge shall apply to the full Charges as specified in each and every Order and shall not be varied as a result of any reduction in the Charges due to the application of any service credits and/or any other deductions made under any Call-Off Contract. 16.5 The Management Charge shall be exclusive of VAT. The Supplier shall pay the VAT on the Management Charge at the rate and in the manner prescribed by Law from time to time. 16.6 Interest shall be payable on any late payments of the Management Charge under this Framework Agreement in accordance with the Late Payment of Commercial Debts (Interest) Act 1998.

  • Loan Charges If any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower is interpreted so that any charge provided for in any Loan Document, whether considered separately or together with other charges levied in connection with any other Loan Document, violates that law, and Borrower is entitled to the benefit of that law, that charge is hereby reduced to the extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in excess of the permitted amounts shall be applied by Lender to reduce the principal of the Indebtedness. For the purpose of determining whether any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower has been violated, all Indebtedness which constitutes interest, as well as all other charges levied in connection with the Indebtedness which constitute interest, shall be deemed to be allocated and spread over the stated term of the Note. Unless otherwise required by applicable law, such allocation and spreading shall be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of the Note.

  • Mortgage Taxes Borrower shall pay all taxes, charges, filing, registration and recording fees, excises and levies payable with respect to the Note or the Liens created or secured by the Loan Documents, other than income, franchise and doing business taxes imposed on Lender.

  • Real Estate Taxes and Special Assessments The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • Utility Charges Tenant shall pay or cause to be paid all charges for electricity, power, gas, oil, water and other utilities used in connection with the Leased Property.

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • The Mortgage Pool The Series ____-__ Certificates shall evidence the entire beneficial ownership interest in a mortgage pool (the "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of ________ __, ____ (the "Cut-off Date"):

  • Mortgagor The obligor on a Mortgage Note. ---------

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