AUTOMATIC CRYSTALLISATION. In addition and without prejudice to any other event resulting in a crystallisation of the floating charge contained herein and without prejudice to any rule of law which may have a similar effect, the floating charge created under this Current Issuer Deed of Charge shall automatically and without notice be converted with immediate effect into a fixed charge as regards:
AUTOMATIC CRYSTALLISATION. Notwithstanding Clause 7.1 (Crystallisation by notice) and without prejudice to any rule of law having a similar effect, the floating charge shall automatically be converted into a fixed charge with immediate effect as regards all assets of a Company subject to the floating charge created by Clause 3.4 (Floating Charge) on:
AUTOMATIC CRYSTALLISATION. Subject as set out below, in addition and without prejudice to any other event resulting in a crystallisation of the floating charge created by this Deed, the floating charge contained herein shall automatically be converted into a fixed charge over all property, assets or undertaking of the Sixth Issuer subject to the floating charge, if and when:
AUTOMATIC CRYSTALLISATION. Notwithstanding clause 5.1 (Part Crystallisation) and without prejudice to any rule of law which may have a similar effect, the floating charge shall automatically be converted with immediate effect into a fixed charge as regards all the property and assets subject to the floating charge and without notice from the Collateral Agent to the Chargor on:
AUTOMATIC CRYSTALLISATION. The floating charge hereby created shall, ------------------------- without the need for any act by the Security Agent, automatically and immediately crystallise and the charge shall operate as a fixed charge:
AUTOMATIC CRYSTALLISATION. 3.3.1 Without prejudice to any rule of law which may have a similar effect if the Charging Company, without the Agent's prior written consent, resolves to take or takes any step to charge (whether by way of fixed or floating charge) or otherwise create any Lien (other than any Permitted Lien) over (or to create a trust over) any of its Floating Charge Assets or to dispose of any such Floating Charge Assets except by way of sale or other disposition in the ordinary course of its business (or as permitted by the Loan Agreement);
AUTOMATIC CRYSTALLISATION. Subject as set out below, in addition and without prejudice to any other event resulting in a crystallisation of the floating charge, any floating charge contained herein shall automatically be converted into a fixed charge over all property, assets or undertakings of the Issuer subject to the floating charge if and when:
(a) an Enforcement Notice is served on the Issuer;
(b) the Issuer ceases to carry on all or a substantial part of its business or ceases to be a going concern or thereafter to do any of the foregoing;
(c) the Issuer stops making payments to its creditors or gives notice to creditors that it intends to stop payment;
(d) the holder of any Security Interest (other than Security Interests created by or pursuant to this Deed) in relation to the Issuer, whether ranking in priority to or pari passu with or after the charges contained in this Deed, appoints a receiver; or
(e) any floating charge granted by the Issuer to any other person (whether permitted by the Transaction Documents or not) crystallises for any reason whatsoever. The floating charge created by Clause 3.7 (Floating Charge) may not be converted into a fixed charge solely as a result of the obtaining of a moratorium (or anything done with a view to obtaining a moratorium) under Part A1 of the Insolvency Act 1986 except with leave of the court.
AUTOMATIC CRYSTALLISATION. (a) Without prejudice to any rule of law which may have a similar effect, if either Charging Company, without the Lender's prior written consent, resolves to take or takes any step to charge (whether by way of fixed or floating charge) or otherwise creates any Lien (other than any Permitted Lien) over (or to create a trust over) any of its Floating Charge Assets or to dispose of any such Floating Charge Assets except by way of sale or other disposition in the ordinary course of such Charging Company's business (or as permitted by the Loan Agreement); or
AUTOMATIC CRYSTALLISATION. If, without the Security Trustee’s prior written consent:
AUTOMATIC CRYSTALLISATION. In addition and without prejudice to any other event resulting in a crystallisation of the Floating Charge, the Floating Charge contained herein shall automatically be converted into a fixed charge over the undertaking and all the assets or undertaking of the Issuer if and when:
