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
Appears in 3 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
CRYSTALLISATION OF FLOATING CHARGE. 3.2 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.
Appears in 1 contract
Samples: Framework Agreement
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.
Appears in 1 contract
Samples: Framework Agreement
