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.
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