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:
Appears in 3 contracts
Samples: www.sec.gov, Facility Agreement (Constar International Inc), Constar International Inc
Conversion of Floating Charge. (a) Notwithstanding anything expressed or implied in this Debenture, the Security Trustee may, by notice to the Security TrusteeChargor, 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:
Appears in 1 contract
Samples: Constar International Inc
