Prior Charges definition

Prior Charges means those charges in respect of which an invoice statement is issued pursuant to sub-section 2.1 of Part J;
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Prior Charges means those charges which are registered against the Mortgaged Property:
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Prior Charges means the existing Permitted Encumbrances, brief particulars of which are set out in Schedule 3 (but only to the extent therein specified);
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Examples of Prior Charges in a sentence

  • The Settlement System Administrator shall send the Contract Manager an invoice statement for Prior Charges in the agreed form in respect of each month no later than 45 days prior to the commencement of such month.

  • If any concerns are not settled by the date the invoices are required to be despatched to Pool Members, such invoices may be despatched by the Settlement System Administrator on the basis it reasonably believes to be correct insofar as they relate to Prior Charges or Post Charges which are not disputed by the Contract Manager.

  • Any Prior Charges or Post Charges which are believed in good faith to be wrong by the Contract Manager and continue to be disputed in good faith may not be included in any invoice until the amount outstanding has been settled between the Settlement System Administrator and the Contract Manager.

  • Where, after investigation, it is agreed between the Contract Manager and the Settlement System Administrator that the amount disputed has in fact been correctly calculated by the Settlement System Administrator, the Settlement System Administrator shall have the right to charge interest on such Prior Charges or Post Charges in accordance with and on the basis set out in sub-section 3.3 below from the date upon which they would have been due for payment if undisputed.

  • BGE will at all times cause to be duly observed and performed all the covenants and conditions contained in any of the mortgages, deeds of trust or other instruments securing or creating any of the Prior Charges for which Bonds or deposited cash shall be reserved under Section 6 of Article I of this Indenture.

  • From time to time Bonds so reserved shall be certified and delivered in amounts equal to the principal or par amounts of the Prior Charges so acquired, paid or refunded, upon delivery or transfer of such Prior Charges to the Trustee (or upon discharge and release thereof in lieu of such delivery or transfer).

  • BGE will pay and discharge, or cause to be paid and discharged, as the same accrues, all Prior Charges.

  • BGE will pay and discharge, or cause to be paid and discharged, at maturity, (and will not extend or renew, or permit to be extended or renewed), all Prior Charges for which such reservation shall be made.

  • Whenever the retirement of Prior Charges through the operation of any sinking fund, or for any other reason, the amount of Bonds reserved under this Section 6 shall become unnecessary for the purposes for which said amount is reserved, then such amount shall ipso facto be reduced to the amount necessary thereafter to be reserved.

  • At any time on or after the Enforcement Date, the Security Trustee may pay off all or any of the Prior Charges and take a transfer of the benefit thereof or redeem the same, and the money so expended by the Security Trustee and all costs of and incidental to the transaction incurred by the Security Trustee shall be repayable by the Chargor concerned to the Security Trustee on demand and shall bear interest at the Default Rate from the date of payment by the Security Trustee.


More Definitions of Prior Charges

Prior Charges means the prior encumbrances permitted by us shown in box 11 in the Mortgage Form or any financial charge registered against the Property which has been granted or assumed by you and which has priority over our interests under the Mortgage;
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Prior Charges means the charges over the Assets of the Company in favour of the Company's bankers from time to time being one United Kingdom clearing bank.
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Related to Prior Charges

  • Water Charges means service charges in respect of the provision of water.

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

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities and services.

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • CCAA Charges means the Administration Charge and the Directors’ Charge;

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Other Charges means all ground rents, maintenance charges, impositions other than Taxes, and any other charges, including, without limitation, vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Property, now or hereafter levied or assessed or imposed against the Property or any part thereof.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • 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.

  • Debt charges means the principal, including any mandatory sinking fund deposits and mandatory redemption payments, interest, and any redemption premium, payable on securities as those payments come due and are payable. The use of "debt charges" for this purpose does not imply that any particular securities constitute debt within the meaning of the Ohio Constitution or other laws.

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

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Penalty Charges means any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest, but excluding any yield maintenance charge or prepayment premium.

  • Termination Charges shall have the meaning set forth in Section 7.1(b)(iii).

  • 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.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Non-Cash Charges has the meaning specified in the definition of the term “Consolidated EBITDA”.

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • Impositions means, collectively, all taxes (including, without limitation, all taxes imposed under the laws of any State, as such laws may be amended from time to time, and all ad valorem, sales and use, or similar taxes as the same relate to or are imposed upon Landlord, Tenant or the business conducted upon the Leased Property), assessments (including, without limitation, all assessments for public improvements or benefit, whether or not commenced or completed prior to the date hereof), ground rents (including any minimum rent under any ground lease, and any additional rent or charges thereunder), water, sewer or other rents and charges, excises, tax levies, fees (including, without limitation, license, permit, inspection, authorization and similar fees), and all other governmental charges, in each case whether general or special, ordinary or extraordinary, foreseen or unforeseen, of every character in respect of the Leased Property or the business conducted thereon by Tenant (including all interest and penalties thereon due to any failure in payment by Tenant), which at any time prior to, during or in respect of the Term hereof may be assessed or imposed on or in respect of or be a lien upon (a) Landlord’s interest in the Leased Property, (b) the Leased Property or any part thereof or any rent therefrom or any estate, right, title or interest therein, or (c) any occupancy, operation, use or possession of, or sales from, or activity conducted on, or in connection with the Leased Property or the leasing or use of the Leased Property or any part thereof by Tenant; provided, however, that nothing contained herein shall be construed to require Tenant to pay and the term “Impositions” shall not include (i) any tax based on net income imposed on Landlord, (ii) any net revenue tax of Landlord, (iii) any transfer fee (but excluding any mortgage or similar tax payable in connection with a Facility Mortgage) or other tax imposed with respect to the sale, exchange or other disposition by Landlord of the Leased Property or the proceeds thereof, (iv) any single business, gross receipts tax, transaction privilege, rent or similar taxes as the same relate to or are imposed upon Landlord, (v) any interest or penalties imposed on Landlord as a result of the failure of Landlord to file any return or report timely and in the form prescribed by law or to pay any tax or imposition, except to the extent such failure is a result of a breach by Tenant of its obligations pursuant to Section 3.1.3, (vi) any impositions imposed on Landlord that are a result of Landlord not being considered a “United States person” as defined in Section 7701(a)(30) of the Code, (vii) any impositions that are enacted or adopted by their express terms as a substitute for any tax that would not have been payable by Tenant pursuant to the terms of this Agreement or (viii) any impositions imposed as a result of a breach of covenant or representation by Landlord in any agreement governing Landlord’s conduct or operation or as a result of the negligence or willful misconduct of Landlord.

  • 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.

  • Unpaid Charges means any charges billed to the Non-Paying Party that the Non-Paying Party did not render full payment to the Billing Party by the Bill Due Date, including where funds were not accessible.

  • Cancellation Charges means collectively (i) the Booking Amount; (ii) all interest liabilities of the Allottee accrued till date of cancellation; and (iii) brokerage paid to real estate agent/channel partner/broker, if any (iv) the stipulated charges on account of dishonour of cheque; (v) administrative charges as per Promoter’s policy and (vi) amount of stamp duty and registration charges to be paid/paid on deed of Cancellation of this Agreement

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.