the First Charge definition

the First Charge means the Legal Charge dated 3rd December 2012 made between the First Owner (1) and the First Chargee (2) by which the Green Land became charged with the repayment of certain monies to the First Chargee.
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Examples of the First Charge in a sentence

  • From time to time during the Demonstration Run, Chevron Research will estimate the length of the then current run of the First Charge and the length of the run immediately following the next regeneration of the First Charge.

  • 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.

  • Chevron Research expects that the First Charge will achieve a total service life in excess of nine months from startup through use of multiple regenerations.

  • 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.

  • 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”).

  • The total service life of the First Charge will end with the then current run when the estimated length for the run immediately following the next regeneration is one and one-half months or less, unless South Hampton elects to continue to use the First Charge.

  • In the event that an Eligible Purchaser fully pays out the First Charge, then the Additional Mortgage Payment shall become a mandatory payment towards the balance of the Habitat Second Charge.

  • In the event South Hampton elects to continue to use the First Charge for a run that Chevron Research has estimated will be one and one-half months or less, the total service life of the First Charge shall end when South Hampton ceases using the First Charge.

  • 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.