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

  • First Charge only: When increasing your borrowing or consolidating existing loans you may have the option of; • taking out a further advance with your existing lender • arranging a separate second charge mortgage • borrowing through an unsecured loan.

  • Chevron Research shall retain all ownership rights in the First Charge, including catalyst base and platinum and other metals deposited on the catalyst base.

  • The Habitat Second Charge shall bear no interest and there shall be no payments towards the principal balance of the Habitat Second Charge until such time as the First Charge is paid out, after which the Additional Mortgage Payment (outlined above) shall become a mandatory payment towards the balance of the Habitat Second Charge.

  • In the event the total service life of the First Charge is less than nine months from startup, a replacement charge of AROMAX Catalyst is recommended, and South Hampton elects to place a replacement charge of AROMAX Catalyst in the Licensed Unit, Chevron Research will provide one replacement charge at no cost to South Hampton.

  • Deed of Novation in respect of Agreement dated 12 February 1990 for the Supply of First Charge Fuel and Supporting Services for Sizewell B Power Station between Nuclear Electric plc, British Nuclear Fuels Limited and AGR & PWR Co. Limited.

  • In the event that the financial circumstances of an Eligible Purchaser improve over time, Habitat may require, as determined in its sole discretion, that an Eligible Purchaser make additional monthly mortgage payments and/or a lump sum payment towards the balance owing of the First Charge Principal (the “Additional Mortgage Payment”).

  • If there is a bad year, the Contractor must always receive their income first and the Farmer may not be able to draw down their First Charge or Share of the Divisible Surplus.

  • First Charge only • Taking out a further advance with your existing lender • Arranging a separate second charge mortgage • Borrowing through an unsecured loan Our mortgage services are paid by: • A combination of fee and commission from the mortgage lender We will not refund you any commission paid to us by the lender or offset your fee with any commission we may receive.

  • In the event that the First Charge Entry Date is not agreed to by the parties prior to the Effective Date, the First Charge Entry Date shall be the date that is 60 days following the Effective Date.

  • AROMAX Catalyst--Chevron Research will provide the first charge of AROMAX Catalyst to be installed in the Licensed Unit ("First Charge").


More Definitions of First Charge

First Charge means the charge or mortgage described in Clause 10.1;
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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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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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Related to First Charge

  • Interest Charge means the interest charge for the purpose of Section 3.07.

  • 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 room charge, and reimbursement of the assessment as allowed in section 6.

  • 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.