First Fixed Charge. As security for the payment and performance by the Client of the Liabilities (which Liabilities the Client hereby covenants to pay or satisfy as appropriate), the Client hereby charges in favour of GTJAFX, on trust for itself and its Affiliates by way of first fixed charge any and all right, title and interest of the Client to and in all amounts standing to the credit of the Account (and the debt or any beneficial interest represented thereby), including Deposit held as Margin (the "Security Margin").
First Fixed Charge. All the security created under this Deed is made with full title guarantee in accordance with the Law of Property (Miscellaneous Provisions) Xxx 0000. The Chargor, as security for the payment and discharge of all Secured Liabilities, charges in favour of the Security Trustee for the benefit of itself and the Beneficiaries:
(a) by way of a first legal mortgage all the property referred to in Schedule 1 together with all buildings and Fixtures, erections and structures thereon, or in the course of construction thereon, the proceeds of sale of all or any part thereof and (so far as the same are capable of being mortgaged) the benefit of any covenants for title given or entered into by any predecessor in title of the Chargor and any moneys paid or payable in respect of such covenants; and
(b) by way of first fixed charge:
(i) all fixed plant and machinery now or in the future owned by the Chargor and its interest in any fixed plant or machinery in its possession, in each case which form part of or are operated by the Chargor on the Mortgaged Property;
(ii) all benefits in respect of the Insurances and all claims and returns of premiums in respect of the Mortgaged Property;
(iii) the benefit of all present and future licences, consents and authorisations (statutory or otherwise) held in connection with its business so far as it relates to the [Fixed] Security Assets or the use of any of the [Fixed] Security Assets specified in paragraph (a) and subparagraph (i) above and the right to recover and receive all compensation which may at any time become payable to it in respect thereof; and
(iv) if and in so far as the legal mortgages set forth in paragraph (a) above or the assignments set forth in Clause 4 (Assignment) shall for any reason be ineffective as legal mortgages or assignments, the assets referred to in those clauses.
First Fixed Charge. The Company and the Company Shareholder, as continuing security for the payment and discharge of all Secured Obligations, charges and agrees to charge all its rights, title and interest in and to the Charged Property with full title guarantee and by way of first fixed charge in favour of Elegance for the benefit of itself and the other Secured Parties.
First Fixed Charge. 3.1 Each Borrower with full title guarantee hereby (i) charges and (ii) agrees to charge and (iii) releases and (iv) agrees to release to the Security Agent as a continuing security for payment of the Outstanding Indebtedness, by way of first fixed charge, the Secured Property.
3.2 Upon the occurrence of an Event of Default which is continuing the charge shall become enforceable and the Security Agent shall be entitled then or at any later time or times to appropriate all or any part of the Secured Property in or towards discharge of the then Outstanding Indebtedness or any part thereof, and may do so notwithstanding that any maturity date attached to any part or parts of the Secured Property may not yet have arrived.
3.3 A certificate signed by a director or other senior officer of the Security Agent and which states that on a specified date and (if the certificate also states this) at a specified time the Security Agent exercised its rights under this clause to appropriate a specified amount of Secured Property in the discharge of a specified amount of the Outstanding Indebtedness shall, in the absence of manifest error, be conclusive evidence that:
3.3.1 the Swap Provider's liabilities in respect of the specified amount of Secured Property; and
3.3.2 the specified amount of the Outstanding Indebtedness, were extinguished and discharged on the specified date and, if so stated, at the specified time.
First Fixed Charge. In consideration of the Bank making available, or continuing to make available, invoice discounting facilities or any other banking accommodation whatsoever to the Depositor, the Depositor with full title guarantee hereby charges the Accounts and the Deposits by way of first fixed charge in favour of the Bank as continuing security for the repayment and satisfaction on demand of all Secured Liabilities.
First Fixed Charge
