Common use of CONVERSION TO FLOATING CHARGE Clause in Contracts

CONVERSION TO FLOATING CHARGE. The Security Trustee may reconvert any fixed charge created pursuant to Clause 4.3 or Clause 4.4 into a floating charge by notice to the relevant Chargor specifying the relevant Collateral if: (a) none of the events or circumstances referred to in paragraphs (a) or (b) of Clause 4.3 or paragraphs (a), (b) or (c) of Clause 4.4 is continuing; and (b) the Security Trustee considers that such conversion into a floating charge would not prejudice the interests of any Finance Party under any Finance Document.

CONVERSION TO FLOATING CHARGE. The Security Trustee may reconvert any fixed charge created pursuant to Clause 4.3 3.2 or Clause 4.4 3.3 into a floating charge by notice to the relevant Chargor specifying the relevant Collateral if: (a) none of the events or circumstances referred to in paragraphs (a) or (b) of Clause 4.3 3.2 or paragraphs (a), (b) or (c) of Clause 4.4 3.3 is continuing; and (b) the Security Trustee considers that such conversion into a floating charge would not prejudice the interests of any Finance Party under any Finance Document.

CONVERSION TO FLOATING CHARGE. The Security Trustee may reconvert any fixed charge created pursuant to Clause 4.3 or Clause 4.4 into a floating charge by notice to the relevant Chargor specifying the relevant Collateral if: (a) none of the events or circumstances referred to in paragraphs (a) or (b) of Clause 4.3 or paragraphs (a), (b) or (c) of Clause 4.4 is continuing; andand [Asia Netcom Corporation Debenture] (b) the Security Trustee considers that such conversion into a floating charge would not prejudice the interests of any Finance Party under any Finance Document.

CONVERSION TO FLOATING CHARGE. The Security Trustee may reconvert any fixed charge created pursuant to Clause 4.3 or Clause 4.4 into a floating charge by notice to the relevant Chargor specifying the relevant Collateral if: (a) none of the events or circumstances referred to in paragraphs (a) or (b) of Clause 4.3 or paragraphs (a), (b) or (c) of Clause 4.4 is continuing; andand [Hong Kong Group Debenture] (b) the Security Trustee considers that such conversion into a floating charge would not prejudice the interests of any Finance Party under any Finance Document.