Common use of Crystallisation: Automatic Clause in Contracts

Crystallisation: Automatic. Notwithstanding Clause 4.1 (Crystallisation: By Notice) and without prejudice to any law which may have a similar effect, the floating charge will automatically be converted (without notice) with immediate effect into a fixed charge as regards all the assets subject to the floating charge if:

Crystallisation: Automatic. Notwithstanding Clause 4.1 3.1 (Crystallisation: By Notice) and without prejudice to any law which may have a similar effect, the floating charge will automatically be converted (without notice) with immediate effect into a fixed charge as regards all the assets subject to the floating charge if:if any of the events specified in paragraphs (e), (f) or (g) of the definition of Enforcement Event occurs.