Conversion of Floating Charge. The Collateral Agent may at any time by notice to the Owner convert the floating charge hereby created into a fixed charge as regards any Assets specified in the notice which the Collateral Agent shall consider to be in danger of being seized or sold under any form of distress, attachment, execution or other legal process or to be otherwise in jeopardy and (whether or not this security has become enforceable) may at any time appoint a Receiver (as defined in Section 7.1 hereof) thereof.
Conversion of Floating Charge. (a) Without prejudice to the Security, the Agent may at any time by notice in writing to the Chargor convert the floating charge created by it pursuant to Clause 3.2 with immediate effect into a fixed charge or legal assignment as regards all or any of the Collateral specified in the notice:
Conversion of Floating Charge. 7.1 Crystallisation The Security Trustee may at any time after the occurrence of a Default which is subsisting by notice in writing to a Company convert the floating charge referred to in Clause 3.4 (Floating Charge) into a fixed charge as regards any of the Secured Property of such Company specified in the notice which the Security Trustee shall reasonably consider to be in danger of being seized or sold under any form of distress, attachment, execution, diligence or other process levied or threatened or to be otherwise in jeopardy.
Conversion of Floating Charge. Without being in any way restricted or prejudiced by the effect of, and in addition to, the other provisions contained in this Deed, in particular, those contained in Clauses 7.1, 7.2 and 7.3 hereof, the Security Trustee may at any time, by notice in writing to the Chargor, convert the floating charge herein created into a fixed charge as regards any property or asset specified in the notice which the Security Trustee may in its absolute discretion consider to be in danger of being seized or sold under any form of distress, execution or other process, levied or threatened, and may (in the case of any levied or threatened distress, execution or other process) forthwith appoint a Receiver in respect thereof.
Conversion of Floating Charge. (a) Notwithstanding anything expressed or implied in this Debenture, the Security Trustee may, by notice to the Security Trustee, convert the floating charge created by Clause 5.1 (Creation of Floating Charge) with immediate effect into a fixed charge as regards all or any of the Floating Charge Assets specified in such notice if:
Conversion of Floating Charge. The Indenture Trustee may at any time by notice to the Owner convert the floating charge hereby created into a fixed charge as regards any Assets specified in the notice which the Indenture Trustee shall consider to be in danger of being seized or sold under any form of distress, attachment, execution or other legal process or to be otherwise in jeopardy and (whether or not this security has become enforceable) may at any time appoint a Receiver (as defined in Section 7.1 hereof) thereof.
Conversion of Floating Charge. 3.4.1 The Security Agent may, by notice to the Chargor, convert the floating charge created under this Debenture into a fixed charge with immediate effect as regards those assets specified in the notice, if:
Conversion of Floating Charge. The Collateral Agent may at any time after an Event of Default and after payment of the Obligations has been demanded from MTIX, by notice in writing to MTIX convert the floating charge hereby created into a fixed charge in respect of such part of the Floating Charged Property as may be specified in such notice and the ability of the Corporation or MTIX to deal in any manner with such part of the Floating Charged Property shall thereupon cease except to the extent otherwise agreed by the Collateral Agent. A floating charge will automatically crystallise and convert into a fixed charge over the relevant Floating Charge Property if a liquidator, administrative receiver, Receiver, administrator or other similar officer is appointed in respect of MTIX or all or a material part of its assets. No floating charge created under this Agreement will automatically crystallise and convert into a fixed charge solely by reason of a moratorium being obtained under section 1A of Schedule A1 of the Insolvency Act (or anything being done with a view to obtaining a moratorium).
Conversion of Floating Charge. (a) The Bank may, upon the occurrence of an Event of Default or a prospective Event of Default, by serving a notice in writing on the Company, convert the floating charge hereby created into a fixed charge as regards any property, assets or rights specified in that notice.
Conversion of Floating Charge. (a) The Security Agent may by notice to any Chargor convert the floating charge hereby created into a specific charge as regards all or any of such Chargor's assets, rights and property:
