First Charge definition

First Charge means this has priority for payment over all other amounts that may be due for payment;
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First Charge. “shall mean a lien by the creditor against any funds available from the proceeds of the sale of the coffee as satisfaction of the advanced funds.
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First Charge unless otherwise agreed in writing, any Security Interest shall be a first charge of the Secured Property.
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Examples of First Charge in a sentence

  • This loan is further secured by First Charge in respect of other movable and immovable fixed assets of Company and personal guarantee of Shri Harish Chand Jain, Managing Director of the company.

  • First Charge by way of mortgage on the immovable properties belonging to the Corporate Debtor. Land Admeasuring 123 acres 16 cents situated in the village, Kondapalli in the sub- registration district of Ibrahimpatnam and Krishna District in the State of Andhra Pradesh; Land Admeasuring 8.18 acres and 6 cents in village Gollapudi within the Sub-registration district in Ibrahimpatnam and Krishna District in the State of Andhra Pradesh Land to the extent of 7 Acres in Revenue Survey no.

  • The Consolidated Revenue Fund of Canada shall be permanently charged with the Costs, Charges, and Expenses incident to the Collection, Management, and Receipt thereof, and the same shall form the First Charge thereon, subject to be reviewed and audited in such Manner as shall be ordered by the Governor General in Council until the Parliament otherwise provides.

  • Collateral provided on the 2017 Notes consists of a first charge on substantially all of the assets of the company, other than (i) a senior collateral charge on the Floating Rate Notes, and (ii) the ABL First Charge Collateral, as described below (2017 Notes First Charge Collateral), and a second charge on the senior collateral charge on the Floating Rate Notes and the ABL First Charge Collateral.

  • Beresiner The Sixth Liberal Art: Astronomy and Freemasonry R.A. GilbertThe Thisletons: a 19th Century Masonic Family C.J. Mandleberg/ClementsA Signatory to the Charter of Compact B.B. HoggFalsification of Date of the Charter of Compact B.B. HoggThe First Charge Revisited C.

  • Respondents to First Charge: BECK, HELFER, and MURPHY, of Local Union 853; HAWLEY, BORBA, GLEASON, NUNEZ, andBLOCH, of Joint Council 7; and RABINOWITZ of Local Union 2010.

  • This means that the period of amortization is reset each year to be 30 years.Date of Initial Amount First Charge or(Credit) Amort.

  • Further, the loan is also secured by Corporate guarantee and First Charge on immovable properties of Rama Petrochemicals Limited.

  • Barker CryerMatthew McBlain Thomson G.S. DraffenRosicrucianism and its Effect on Craft Freemasonry A.C.F. Jackson The First Charge: Its Slow Acceptance in the United States D.L. Smith Freemasonry during the Anglo-Boer War 1899-1902 G.

  • The Floating Rate Notes are secured by a charge on the assets of the company that ranks senior to the lien securing the 2017 Notes (Floating Rate Notes First Charge Collateral).


More Definitions of First Charge

First Charge means the charge or mortgage described in Clause 10.1;
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First Charge means that no other lender ranks higher, such that the holder of the First Charge would need to be full repaid before any other creditor could have access to the equity.
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First Charge the Memorandum of Charge dated the 13th day of December, 1988 executed by the Company in favour of Intairdril Ltd. over the Property.
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Related to First Charge

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • 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.

  • 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;

  • Interest Charges means, for any period, the sum of: (a) all interest, charges and related expenses payable with respect to that fiscal period to a lender in connection with borrowed money or the deferred purchase price of assets that are treated as interest in accordance with GAAP, plus (b) the portion of Capitalized Lease Obligations with respect to that fiscal period that should be treated as interest in accordance with GAAP, plus (c) all charges paid or payable (without duplication) during that period with respect to any Hedging Agreements.

  • 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.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

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

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Consolidated Non-cash Charges means, with respect to any Person, for any period, the aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges constituting an extraordinary item or loss or any such charge which requires an accrual of or a reserve for cash charges for any future period).

  • Net Interest Expense means, for any period, the total of (a) Interest Expense for such period minus (b) Interest Expense to Affiliates for such period to the extent included in the amount referred to in clause (a) and related to (i) interest payments on debt obligations that are subordinated to the obligations of the Borrower under this Agreement, (ii) interest on Nonrecourse Indebtedness or (iii) Transitional Funding Instrument Interest.

  • Interest Expense means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Infrastructure Charge means a Water Infrastructure Charge or a Sewerage Infrastructure Charge;

  • Hire Charge or “Hire Charges” means the rates and charges payable by You for the hire of the Equipment.

  • 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.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Consolidated Cash Interest Charges means, for any Measurement Period, all Consolidated Interest Charges paid or payable in cash by Holdings and its Subsidiaries on a consolidated basis.

  • Consolidated Interest Charges means, for any period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP.

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

  • 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.

  • Consolidated Rent Expense means, for any period, the rental expense attributable to leases of real property that is deducted in determining Adjusted Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. Consolidated Rent Expense shall be determined on a pro forma basis to give effect to any Material Specified Transaction occurring during such period as if such transactions had occurred on the first day of such period.

  • Retail charge agreement means that term as defined in section 2 of the retail installment sales act, MCL 445.852.

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Total Interest Expense means with respect to any period for which a determination thereof is to be made, interest expense of the Borrower and its Subsidiaries on a consolidated basis as determined in accordance with GAAP.

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Pupil fee means a fee, deposit or other charge imposed on pupils, or a pupil’s parents or guardians, in violation of Section 49011 of the Education Code and Section 5 of Article IX of the California Constitution, which require educational activities to be provided free of charge to all pupils without regard to their families’ ability or willingness to pay fees or request special waivers, as provided for in Hartzell v. Connell (1984) 35 Cal.3d 899. A pupil fee includes, but is not limited to, all of the following: