Crystallization. The floating charge created by Section 2 shall become a fixed charge as soon as: (a) the Secured Party gives notice to that effect to the Debtor; (b) the Secured Party takes any step to accelerate or demand payment of the Obligations, or gives notice of its intention or takes any steps to enforce its security; or (c) an Event of Default described in Subsection 14 (e) or (g) occurs in respect of the Debtor.
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Samples: Line of Credit Agreement (Lucy Scientific Discovery, Inc.), Line of Credit Agreement (Lucy Scientific Discovery, Inc.)
Crystallization. The floating charge created by Section 2 1.2 shall become a fixed charge as soon as:
(ai) the Secured Party gives notice to that effect to the Debtor;
(bii) the Secured Party takes any step to accelerate or demand payment of the Obligations, or gives notice of its intention or takes any steps to enforce its security; or
(ciii) an Event of Default described in Subsection 14 (e7.1(e) or (g) occurs in respect of the Debtor.
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Crystallization. The floating charge created by Section paragraph 2 shall become a fixed charge as soon as:
(a) the Secured Party gives notice to that effect to the Debtor;
(b) the Secured Party takes any step to accelerate or demand payment of the Obligations, or gives notice of its intention or takes any steps to enforce its security; or
(c) an Event of Default described in Subsection 14 (e) or (g) occurs in respect of the Debtor.
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