Common use of First Fixed Charge Clause in Contracts

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. 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, 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.