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:
Appears in 2 contracts
Samples: Diametrics Medical Inc, Diametrics Medical Inc
Conversion of Floating Charge. (a) Without prejudice to the SecurityThe Security Agent may, the Agent may at any time by notice in writing to the Chargor any Chargor, convert the floating charge created by it pursuant to Clause 3.2 under this Debenture into one or more fixed charges with immediate effect into a fixed charge or legal assignment as regards all or any of the Collateral those assets specified in the notice:
Appears in 2 contracts
Conversion of Floating Charge. (a) Without prejudice to the Security, the Collateral Agent may at any time by notice in writing to the Chargor a Grantor convert the floating charge created by it that Grantor pursuant to Clause 3.2 3.6 with immediate effect into a fixed charge or legal assignment as regards all or any of the Collateral that Grantor's assets and undertakings specified in the notice:
Appears in 1 contract
Samples: Pledge and Security Agreement (AbitibiBowater Inc.)
