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.
Appears in 4 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement
