Examples of Existing Charge in a sentence
This Charge Over Shares amends, restates and supersedes the Existing Charge Over Shares; provided, that (i) the Liens in favor of Administrative Agent for the benefit of Lenders securing payment of the Obligations are in all respects continuing and in full force and effect with respect to all Obligations and (ii) all references in the other Credit Documents to the Existing Change Over Shares shall be deemed to refer without further amendment to this Charge Over Shares.
The Existing Charge and the Existing Guarantee will not be released upon Completion.
Therefore, upon Completion, the transactions contemplated under each of the Existing Charge and Existing Guarantee will constitute continuing connected transactions of the Company pursuant to Chapter 14A of the Listing Rules.
In order to further protect the interest of the Company, and also as a condition precedent for the Completion of the Agreement, the Vendor and Mr. Hong will execute the Counter Indemnity to counter indemnify the PRC Subsidiary D for all loss, liabilities and expenses which may be suffered or incurred by the PRC Subsidiary D under the Existing Charge and Existing Guarantee.
In accordance with the provisions of the Framework Agreement, on the first Day following each anniversary of the commencement of the Framework Agreement, the Charges shall be varied by the application of the following formula: NC = EC * Z where: NC = New Charge EC = Existing Charge, and Z = 1 + (% change in RPIX Index) 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (xxxx://xxx.xxxxxxxxxx.xxx.xx/xxxxxxxxxxxxxx.xxx).
On the first Day following an extension of any one Lot or Lots (as set out at Clause 14.2 of the Framework Agreement), the Charges shall be varied by the application of the following formula: NC = EC * Z where: NC = New Charge EC = Existing Charge, and Z = 1 + (% change in RPIX Index) 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (xxxx://xxx.xxxxxxxxxx.xxx.xx/xxxxxxxxxxxxxx.xxx).
As stated in the Letter, as part of the settlement of the Consideration, the Retention Sum shall be retained by the Purchaser on the Completion Date, and if the Existing Charge is not fully released within one year after the Completion Date, the Purchaser shall has the right at its own discretion to deduct the Guarantee Sum payable under the Existing Charge from the Retention Sum.
On the Commencement Date, the Security Trustee agrees that all existing security under the Existing Charge Agreement will be released.
In accordance with the provisions of the Framework Agreement, at 30 September 2008 and on the anniversaries of that date, the Charges shall be varied by the application of the following formula: NC = EC * X where: NC = New Charge EC = Existing Charge, and (% change in RPIX Index) X = 1 + _____________________ 100 RPIX Index - The “Retail Prices Index excluding mortgage interest rates (RPIX)” as published by the Office of National Statistics (xxxx://xxx.xxxxxxxxxx.xxx.xx/instantfigures.asp).
The Commercial Mall Land is currently registered in the name of WSC and charged to Malayan Banking Berhad for several credit facilities ("Existing Charge").