Common use of Creation of Floating Charge Clause in Contracts

Creation of Floating Charge. As security for the full and punctual payment or performance when due (whether at stated maturity, acceleration or otherwise) of the Secured Liabilities by the Company, the Company hereby, absolutely and unconditionally charges in favour of the Creditor by way of second ranking floating charge:

Creation of Floating Charge. As security for the full and punctual payment or performance when due (whether at stated maturity, acceleration or otherwise) of the Secured Liabilities by the CompanyCompany and/or WhiteSmoke Inc., the Company hereby, absolutely and unconditionally charges and pledges in favour of the Creditor by way of second first ranking floating chargecharge and pledge:

Creation of Floating Charge. As security for the full and punctual payment or performance when due (whether at stated maturity, acceleration or otherwise) of the Secured Liabilities by the CompanyCompany and the Co-Borrowers, the Company hereby, absolutely and unconditionally unconditionally, charges and pledges in favour of the Creditor by way of second first ranking floating chargecharge and pledge: