Permitted Charge definition

Permitted Charge means, with respect to any property of a Borrower, a Permitted Lien on such property to the extent that its priority over the Security Interest created hereby would not (a) cause a breach of any representation or warranty of such Borrower in Section 3(c), or (b) violate any covenant of such Borrower in Section 4(h).

Permitted Charge means a Permitted Lien to the extent that such Permitted Lien is, to the extent permitted pursuant to Section 3(c) of this Security Agreement, senior to the Security Interest created hereby.

Permitted Charge has the meaning given to such term in the Initial Subscription Agreement.

Examples of Permitted Charge in a sentence

• Tenant hereby waives any right of action against Obligo for damages or other claims arising from the processing of any Permitted Charge by Obligo in accordance with the terms of this Agreement.

• The Borrower shall not, and shall not permit any Subsidiary to, create, incur, assume or permit to exist any Charge, other than a Permitted Charge, on any of its property, undertaking or assets now owned or hereafter acquired.

• By signing-up for Obligo’s Billing Authorization Service, you acknowledge that any Permitted Charge made by the Landlord which meets the conditions of the Billing Authorization Service is owed by you, and you authorize Obligo to charge your preauthorized payment methods in order to satisfy Permitted Charges.

• However, if Tenant disputes a Permitted Charge processed by Obligo, then Landlord and Tenant are solely responsible for resolving the dispute.

• Obligo may, in its sole discretion, communicate with Landlord and Tenant regarding a Permitted Charge or a dispute, but in doing so would not assume any responsibility nor liability for the outcome of the dispute.

More Definitions of Permitted Charge

Permitted Charge means a an amount of money that Tenant is deemed to owe a Landlord, whereby Landlord issues a request to charge an amount of money from the Holding Deposit, Security Deposit, and/or a Billing Authorization, as permitted by applicable law and the Lease Agreement, for damage to the Rental Property, failure to move-in/sign the lease, failure to pay rent, utilities, etc.

Permitted Charge means the permitted charge defined in clause 16.5(b). Permitted Chargee means the permitted chargee defined in clause 16.5(b)(i). Previous Shareholders' Agreement has the meaning given in the Recital.

Permitted Charge means, with respect to any Person:

Permitted Charge has the meaning given to it in Section 13.7(a).

Permitted Charge means the security interest granted by the Vendor to De Xxxx Xxxxxx Financial Services Canada Inc. in respect of an Equipment Lease and registered at Alberta Personal Property Registry on June 21, 2006 as Registration Number 06062138265;

Permitted Charge means a second ranking security interest to be executed by the Borrower in favour of Cygnet Ventures Limited such security being subject to the Inter-Creditor Agreement and described in the Third Schedule thereto;

Permitted Charge. (a) A fixed charge on the Company’s property in favor of a third party (including a leasing company) that shall have given and/or will give credit for the purchase of such property to secure that credit only; (b) The delivery, assignment or endorsement from time to time of documents and/or notes in connection with the export or import of goods to a bank or to a third party for the financing of such export or import to secure that credit only; (c) Any pledge/charge or assignment by way of charge of contracts signed between the Company and its customers, including monies due and/or which shall be due to the Company from its customers pursuant to such agreements, in favor of any third party who will give credit for the financing of the purchase of stock or goods for performance of such agreement to secure that credit only; the sum total of the Permitted Charges as aforesaid shall not at any point in time exceed a cumulative amount equal to 20% of the Company’s annual turnover.