CRYSTALLISATION OF FLOATING CHARGE. 3.2 If an Event of Default occurs the floating charge created pursuant to this clause 3.1 (the “Floating Charge”) shall be converted into a fixed charge upon the service by the Bank of a notice to that effect upon the Counterparty. No Transfer of Obligations to the Bank
CRYSTALLISATION OF FLOATING CHARGE. 4.1 Crystallisation: By Notice The Administrative Agent may at any time by notice in writing to the Chargor convert the floating charge created by Clause 3.3 (Floating Charge) with immediate effect into a fixed charge as regards all or any property or assets of the Chargor specified in the notice if:
CRYSTALLISATION OF FLOATING CHARGE. 4.1 CRYSTALLISATION: BY NOTICE By notice in writing to Marconi Corporation and the Company, the Security Trustee may and shall, if so instructed pursuant to the Security Trust and Intercreditor Deed, convert the floating charge created by Clause 3.3 (Floating Charge) with immediate effect into a fixed charge as regards any property or assets specified in the notice if:
CRYSTALLISATION OF FLOATING CHARGE. After the occurrence of an Acceleration Event, the Security Trustee shall be entitled at any time by notice in writing to the Borrower to convert the floating charge created by Clause 3 into a fixed charge affecting all property and assets which for the time being are the subject of such floating charge or, as the case may be, such of the said property and assets as are specified by such notice and, in such an event, the Borrower covenants with the Security Trustee, upon demand, to execute, at the Borrower's own cost, as a continuing security for the payment or discharge of the Secured Debt, a first fixed charge on substantially the same terms herein contained of all or any part of the Charged Property (or such part thereof as is specified in such notice) which is for the time being subject to such floating charge.
CRYSTALLISATION OF FLOATING CHARGE. If the Charge has not otherwise taken effect as a fixed charge, it takes effect as a fixed charge automatically and immediately over all the Charged Property if an Event of Default occurs, other than if an Event of Default described in clauses 7(c) or (e) occurs, in which event it takes effect as a fixed charge automatically and immediately over the affected Charged Property. Upon the Charge becoming a fixed charge pursuant to the foregoing provisions of this clause, the Security Trustee is deemed to have intervened at that point in time and to have exercised all its rights of intervention in respect of the relevant Charged Property.
CRYSTALLISATION OF FLOATING CHARGE. 8.1 In addition and without prejudice to any other event resulting in crystallisation of the floating charge, but subject to any prohibition or restriction imposed by law, if at any time:
CRYSTALLISATION OF FLOATING CHARGE. The floating charges created by the Charging Company in Clause 3.1.5 (Charging Clause) may be crystallised into fixed charges by notice in writing given at any time by the Agent to the Charging Company given:
CRYSTALLISATION OF FLOATING CHARGE. 4.1 Crystallisation:
CRYSTALLISATION OF FLOATING CHARGE. 5.1 The Security Agent may at any time:
CRYSTALLISATION OF FLOATING CHARGE. The floating charge created by any Charging Company in clause 3.1(n) (Charging Clause) may be crystallised into a fixed charge by notice in writing given at any time on or after the Enforcement Date by the Security Agent to such Charging Company. Such crystallisation shall take effect over such Floating Charge Assets or class or classes of Floating Charge Assets as shall be specified in the notice. If no Floating Charge Assets are so specified, it shall take effect over all Floating Charge Assets of the relevant Charging Company.
