Floating Charges means the two floating charges to be granted on the date hereof in favour of the Subscriber, one floating charge to be granted by Coda Octopus Products Ltd and the other by Coda Octopus R & D Ltd and “Floating Charge” shall mean whichever of the Floating Charges as the context admits;
Floating Charges means the two floating charges to be granted on the date hereof in favour of the Subscriber, one floating charge to be granted by Coda Octopus Products Ltd and the other by Coda Octopus R & D Ltd and “Floating Charge” shall mean whichever of the Floating Charges as the context admits
Floating Charges means each Original Floating Charge, each Second Floating Charge, each Invitel Technocom Floating Charge, each Invitel Telecom Floating Charge, each Invitel IH Floating Charge and any other floating charges created in favour of the Security Trustee pursuant to clause 25.2 (Additional Guarantors) or any other provision of this Agreement.
Examples of Floating Charges in a sentence
The Chargor hereby represents that to the Chargor's knowledge no event has occurred or circumstances arisen on or before the date of this Deed which has caused the crystallisation of the Existing Floating Charge[s] and the Chargor has taken no steps itself to crystallise the Existing Floating Charge[s].
To the extent cash is received by the Company in the framework of Asset Dispositions, the Company shall apply within 365 days an amount equal to or greater than the cash received in the framework of such Asset Dispositions to: (x) fund capital expenditures of the Company or other investments in long-term assets of the Company and/or (y) to redeem or otherwise repay secured indebtedness or other indebtedness secured by the Floating Charges of the Company (the “Permitted Payments”).
Therefore, the parties are allowed to describe the as- sets to be encumbered in general terms or according to class and quantity.4 All-Asset Security Rights and Floating Charges Encumbrance of the entirety of the movable and immovable assets of a company or another legal person also is possible.
Debenture, Fixed and Floating Charges, dated as of December 20, 2013, between Valeant Holdings Ireland, as Chargor and Goldman Sachs Lending Partners LLC, as Collateral Agent.
More Definitions of Floating Charges
Floating Charges means the first priority floating charges creating Security over all relevant assets, rights (including intellectual property rights) and revenues of each of the Issuer and the Guarantors from time to time and "Floating Charge" means any one of them.
Floating Charges means the two floating charges to be granted on the date hereof in favour of the Subscriber, one floating charge to be granted by Coda Octopus Products Ltd and the other by Coda Octopus R & D Ltd and “Floating Charge” shall mean whichever of the Floating Charges as the context admits; 4 “Intercreditor Deed” means a deed entered into on or around the date of this Agreement among the Company, the Secured Party and FGI regulating the priorities of the various charges and security interests held by the Secured Party and FGI. “Loan Note Instrument means an instrument executed by Coda Octopus Group, Inc. on the date hereof creating USD 12,000,000 of secured, convertible loan notes. “Lock-up Agreements” means certain agreements entered into on or around the date hereof between the directors and board members of the Company (with certain exceptions) during the agreed period not to sell or transfer or otherwise disposed of any of their shares in the Company. “Xxxxxx & Xxxxxx d/b/a Colmek Systems Engineering (“Colmek”), means a corporation incorporated and registered in the State of Utah with Company Number 689323-0142 and whose address is 0000 Xxxxx 0000 Xxxx, Xxxx Xxxx Xxxx, Xxxx 00000 and which is a wholly owned subsidiary of the Company. “Noteholder” means the person for the time being entered in the Register as a holder of any part of the Notes “Notes” means USD 12,000,000 Convertible Secured Loan Notes due 21 February 2015 constituted by this Instrument, or, as the case may be, the Principal Amount Outstanding represented by them, and each “Note” shall be for a nominal amount of USD 100,000; “Obligations” means all of the Company’s obligations under the Transaction Documents, in each case, whether now or hereafter existing, voluntary or involuntary, indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether or not from time to time decreased or extinguished and later decreased, created or incurred, and all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered directly or indirectly from the Secured Party as a preference, fraudulent transfer or otherwise as such obligations may be amended, supplemented, converted, extended or modified from time to time. “Permitted Encumbrance” means any Encumbrances referred to in Schedule 1.1(c). “Selling Shareholders” means the shareholders who sold the Colmek Shares to Coda Octopus (US) Hol...
Floating Charges means the Original Floating Charges, the Second Floating Charges, the HTCC Opco Floating Charges and any other floating charges created in favour of the Security Trustee pursuant to clause 25.2 (Additional Guarantors).
Floating Charges means the Bond and Floating Charge granted by Brit Bit Limited in favour of the Governor and Company of the Bank of Scotland dated 2 June 1988 and registered 8 June 1988 and the Floating Charge granted by BBL Downhole Tools Limited in favour of the Governor and Company of the Bank of Scotland dated 8 June 2000 and registered 14 June 2000;
Floating Charges means the floating charges in favour of the Lenders granted or to be granted by Reach Ltd., Reach Global Networks Limited, Reach Networks Hong Kong Limited and Reach Networks Australia Pty Limited;
Floating Charges means the Original Floating Charges, the Second Floating Charges, the HTCC Opco Floating Charge, the Invitel Telecom Floating Charge and any other floating charges created in favour of the Security Trustee pursuant to clause 25.2 (Additional Guarantors).
Floating Charges means each Original Floating Charge, each Invitel Technocom Floating Charge, each Invitel IH Floating Charge and any other floating charges or equivalent security created by any member of the Group in favour of the Security Trustee.