Common use of Crystallisation of Floating Charge Clause in Contracts

Crystallisation of Floating Charge. 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.

Appears in 3 contracts

Samples: Amendment Agreement, Framework Agreement, Amendment Agreement

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Crystallisation of Floating Charge. 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.

Appears in 1 contract

Samples: Framework Agreement

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Crystallisation of Floating Charge. 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.

Appears in 1 contract

Samples: Framework Agreement

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