Common use of Creation of Floating Charge Clause in Contracts

Creation of Floating Charge. The Chargor, as beneficial owner and as security for the payment of all of the Secured Liabilities, charges in favour of the Agent by way of a first floating charge all its assets not otherwise effectively mortgaged or charged by way of fixed mortgage or charge by Clause 2 (Fixed Security).

Creation of Floating Charge. The Chargor, as beneficial owner and as security for the payment of all of the Secured Liabilities, charges in favour of the Agent by way of a first floating charge [(other than any Excluded Assets)]* all its assets not otherwise effectively mortgaged or charged by way of fixed mortgage or charge by Clause 2 (Fixed Security).

Creation of Floating Charge. The Chargor, as beneficial owner and as security for the payment of all of the Secured Liabilities, charges in favour of the Agent Lender by way of a first floating charge all its assets not otherwise effectively mortgaged or charged by way of fixed mortgage or charge by Clause 2 (Fixed Security).

Creation of Floating Charge. The Chargor, as beneficial owner and as security for the payment of all of the Secured Liabilities, charges in favour of the Agent Security Trustee by way of a first floating charge all its assets not otherwise effectively mortgaged mortgaged, charged or charged assigned by way of fixed mortgage or charge by Clause 2 (Fixed Security).