Accounts Charge definition

Accounts Charge means the deed of charge referred to in Clause 12.1.4.
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Accounts Charge means the accounts charge entered or to be entered into between the Borrower and the Lender in respect of the Revenue Account.
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Accounts Charge means any one of them.
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Examples of Accounts Charge in a sentence

  • Each Lender agrees to the terms of the appointment of the Account Bank and confirms that the Account Bank has no liability to the Lenders in respect of amounts withdrawn from any Account (in accordance with this Agreement and the Accounts Charge Agreement).

  • To the extent the Borrower has any Lien in respect of any Deposit (as defined in the Offshore Accounts Charge), whether pursuant to the Cibernet Financial Net Settlement Regulations dated March 14, 1997 or otherwise, such Lien in favour of the Borrower shall in all respects be subordinate and postponed to the Security and the Borrower will take no action in respect of such Lien except any action specifically requested by the Senior Lenders.

  • The Accounts and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Accounts Charge.

  • The terms of this Agreement shall be subject to the terms of the Custodian Accounts Charge and all rights hereunder shall be construed accordingly.

  • Nicor proposes to use the Accounts Charge as a “catch all” to recover costs that cannot be directly linked to the Accounts Charge or any of the other Rider 16 Charges.

  • The Borrower shall procure that each Collateral Owner maintains its Accounts with the Agent (or such other leading bank as may be requested by the Borrower and, subject to execution of an Accounts Charge in form and substance satisfactory to the Lenders, agreed to by the Agent (such agreement not to be unreasonably withheld)) for the duration of the Facility Period free of Encumbrances (other than Permitted Encumbrances) and rights of set off other than those created by or under the Finance Documents.

  • Magnum shall pay to the Company all costs and expenses (including legal fees) reasonably incurred by the Company in connection with (i) among others, the Facility Agreement, the Security Agreement and the Accounts Charge, (ii) any amendment, waiver or consent requested by Magnum, and (iii) the enforcement of, or the preservation of rights under, among others, the Facility Agreement, the Security Agreement and the Accounts Charge.

  • The Custodian is not acting under this Agreement as an investment manager, trustee or custodian, nor as an investment, legal or tax adviser to the Company, and the Custodian's duty in respect of the Shares is solely to safekeep the Shares in accordance with the terms of this Agreement and the Custodian Accounts Charge.

  • The Bridge Designated Accounts Charge is an agreement entered into by the Issuer in favour of the Trustee for the benefit of the Bridge MTNs Noteholders in respect of the creation of charges by the Issuer over the Bridge Assigned Moneys and the Bridge Designated Accounts and over all Permitted Investments out of such accounts as security for the payment of the aggregate of all Bridge MTNs Secured Amounts.

  • Collection Accounts, Charge Off Accounts, Accounts with Late Payments in the Previous 24 Months, and Judgments (TOTAL) The Mortgagee is not required to obtain an explanation of collection accounts, Charge Off Accounts, accounts with late payments, Judgments or other derogatory information.


More Definitions of Accounts Charge

Accounts Charge means the first priority charge executed or (as the context may require) to be executed by the Borrowers in favour of the Security Agent in respect of the Accounts in the form set out in schedule 8;
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Accounts Charge means a first priority charge required to be executed between the Borrowers and the Security Trustee in respect of the Earnings Accounts and the Retention Account in such form as the Agent may require in its sole discretion;
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Accounts Charge and “Advance E” from Clause 1.2 of this Agreement;
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Accounts Charge means the charge executed or (as the context may require) to be executed by the Borrower in favour of the Bank in respect of the Earnings Account in the form set out in schedule Schedule 5;
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Accounts Charge means the charge over the Debt Service Reserve Account and the Borrower Account (governed by Ontario law) dated on or about the date of this Agreement granted by the Borrower in favour of the Original Lender pursuant to which a charge is created over the Debt Service Reserve Account and the Borrower Account as security, amongst other things, for the payment and performance of the Secured Liabilities Affiliate means, in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other Subsidiary of that Holding Company Authorisation means an authorisation, consent, clearance, approval, permission, resolution, licence, exemption, filing, notarisation, lodgement or registration Availability Period means the period from and including the date of this Agreement to and including 31 December 2011 Available Commitment means, at any time a Lender's Commitment minus:
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Related to Accounts Charge

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.

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

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Access Charge has the meaning set out in Clause 6.1;

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Administration Charge means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, to be used to pay Ecology’s cost to administer the State Revolving Fund by placing a percentage of the interest earned in an Administrative Charge Account.

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Issuer and its Subsidiaries.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Transition bond charge means a charge, expressed as an

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to Section 4.8, where the percentage varies by the Participant Account Year in which the withdrawal is made. The first Participant Account Year begins on the date when AUL establishes a Participant Account and credits the initial Contribution for the Participant, and ends on the day immediately preceding the next anniversary of such date. Each Participant Account Year thereafter begins on such an anniversary date and ends on the day immediately preceding the next succeeding anniversary date. The Withdrawal Charge percentage is as follows: During Withdrawal Charge Participant Account Years Percentage However, for any Participant who also participates in AUL Series III group annuity contract GA XX,XXX, the initial Withdrawal Charge percentage under this contract shall be equal to the Withdrawal Charge percentage applicable to the Participant under the AUL Series I group annuity contract from which funds have been transferred to such Series III contract, determined by AUL immediately prior to the date of such transfer, rounded down to the next whole Withdrawal Charge percentage if the Withdrawal Charge percentage under such Series I contract is a fractional Withdrawal Charge percentage. However, the Withdrawal Charge percentage under this paragraph shall never be greater than 8%. The Withdrawal Charge percentage shall be decreased by 1% for each subsequent Participant Account Year until the Withdrawal Charge percentage equals 4%. (However, if the applicable Series I contract Withdrawal Charge percentage is less than 4%, it shall be rounded up to 4% in this contract.) This 4% Withdrawal Charge percentage shall be in effect during the next 6 consecutive Participant Account Years. Thereafter, the Withdrawal Charge percentage shall be reduced to 0%. In no event will the cumulative total of all Withdrawal Charges, including those previously assessed against any amount withdrawn from a Participant Account, exceed 9% of total Contributions allocated to that Participant Account.

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • 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.

  • Carrying Costs With respect to any Payment Date, the sum of amounts payable under Section 2.6(a)(v)(A)-(C).

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • No Charge Bid When Bids are requested on a number of Products as a Group or Lot, a Bidder desiring to Bid “no charge” on a Product in the Group or Lot must clearly indicate such. Otherwise, such Bid may be considered incomplete and be rejected, in whole or in part, at the discretion of the Commissioner.

  • Adviser Charge : means the fee agreed with your financial adviser in remuneration for the personal recommendation received prior to submission of an Application Form.