DE-CRYSTALLISATION Sample Clauses

DE-CRYSTALLISATION. If the floating charge over any Security Assets ------------------ becomes fixed in accordance with Clause 3.4 (Crystallisation by Notice) or 3.5 (Automatic Crystallisation) it shall again become a floating charge over those Security Assets if the Security Agent gives the Company a notice in writing to that effect.
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DE-CRYSTALLISATION. 4.3.1 Where an asset has become subject to a fixed charge under Clause 4.1 (Crystallisation: By Notice) or Clause 4.2 (Crystallisation: Automatic) the Security Trustee shall, if so requested by the Company and if instructed to do so in accordance with the Security Trust and Intercreditor Deed, release the asset from that fixed charge by notice in writing to Marconi Corporation and the Company.
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DE-CRYSTALLISATION. By notice to the Mortgagor, the Mortgagee may at any time release from the fixed charge any asset which has become subject to a fixed charge under clause 3.4. That asset will then again be subject to the floating charge and to the further operation of that clause.
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DE-CRYSTALLISATION. By notice to the Mortgagor, the Collateral Agent may at any time release from the fixed charge any asset which has become subject to a fixed charge under clause 3.4 (Crystallisation). That asset will then again be subject to the floating charge and to the further operation of that clause.
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DE-CRYSTALLISATION a. At any time after this deed has taken effect as a fixed charge over the Charged Property the Collateral Trustee may give notice in writing to the Chargor releasing the Charged Property from that fixed charge.
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DE-CRYSTALLISATION. (a) Where an asset has become subject to a fixed charge under clause 2.4, the Chargee may release the asset from that fixed charge by notice in writing to the Chargor as of the date specified in the notice.
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DE-CRYSTALLISATION. The Security Trustee must, at the direction of the Manager, at any time release any asset which has become subject to a fixed charge under clause 4.4 from the fixed charge by notice to the Chargor. That asset will then again be subject to the floating charge and to the further operation of that clause. The Security Trustee must notify the Designated Rating Agency for each Class of Notes of any such release.
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DE-CRYSTALLISATION. The Mortgagee may by and with effect from notice to the Mortgagor convert any charge which has become fixed over Mortgaged Property pursuant to clauses 2.6 or 2.7 back to a floating charge in respect of the Mortgaged Property specified in the notice (subject to the further effects of clauses 2.6 and 2.7).
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DE-CRYSTALLISATION. (a) Where an asset has become subject to a fixed charge under clause 4.4, the Security Trustee may release the asset from that fixed charge by notice in writing to the Issuing Trustee.
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Related to DE-CRYSTALLISATION

  • Floating Charge (a) Each Chargor charges by way of a first floating charge all its assets whatsoever and wheresoever not otherwise effectively mortgaged, charged or assigned under this Deed.

  • Rate of Pledge and Term of Pledge 3.1 The Rate of Pledge: The Rate of Pledge shall be 100% under this Agreement.

  • Protection of PFPC PFPC shall be indemnified by the Fund and without liability for any action PFPC takes or does not take in reliance upon directions or advice or Oral Instructions or Written Instructions PFPC receives from or on behalf of the Fund or from counsel and which PFPC believes, in good faith, to be consistent with those directions or advice and Oral Instructions or Written Instructions. Nothing in this section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions.

  • NOTICE OF PLEDGE 4.1 Subject to Clause 4.3 below the Pledgor undertakes that it will without undue delay, but not later than twenty business days after the date of this Agreement, and, in relation to any Account opened after the date of this Agreement, within ten business days after such new Account has been opened, notify each Account Bank and any other relevant third party of the Pledges by delivering a notification substantially in the form set out in Schedule 3 (Form of Notice of Pledge) by registered mail (Einschreiben mit Rückschein). The Pledgor shall provide the Collateral Agent with a copy of each such notification and of the corresponding return receipt (Rückschein). In addition, the Pledgor shall use all reasonable efforts to procure that each Account Bank promptly acknowledges receipt of the respective notification, and acceptance of the terms thereof, to the Collateral Agent and to the Pledgor.

  • Normal order of application Except as any Finance Document may otherwise provide, any sums which are received or recovered by any Creditor Party under or by virtue of any Finance Document shall be applied:

  • Order of Application For the purpose of determining the amounts to be applied as Recoveries pursuant to subparagraph (A) above, the Assuming Institution shall apply amounts received on the Assets that are not otherwise applied to reduce the book value of principal of a Shared-Loss Loan (or, in the case of Other Real Estate, Additional ORE, and Capitalized Expenditures, that are not otherwise applied to reduce the book value thereof) in the following order: first to Charge-Offs and Failed Bank Charge-Offs/Write Downs; then to Reimbursable Expenses and Recovery Expenses; then to interest income; and then to other expenses incurred by the Assuming Institution.

  • Termination of Pledge Agreement This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of Pledgor under the Securities Contract and hereunder. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Security Interests and delivered to Pledgor by Secured Party, all at the request and expense of Pledgor.

  • Order of Payment of Liabilities Upon Dissolution After determining that all debts and liabilities of the Company, including all contingent, conditional or unmatured liabilities of the Company, in the process of winding-up, including, without limitation, debts and liabilities to the Member in the event it is a creditor of the Company to the extent otherwise permitted by law, have been paid or adequately provided for, the remaining assets shall be distributed in cash or in kind to the Member.

  • DEFINITION OF PLEDGED PROPERTY For the purpose of securing prompt and complete payment and performance by the Company of all of the Obligations, the Company unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, the following Pledged Property of the Company:

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

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