Common use of Fixed Assets Clause in Contracts

Fixed Assets. 6.1 If a Guarantor Company grants security over its material fixed assets it shall be free to deal with those assets in the ordinary course of its business and otherwise as permitted under any Finance Document until an Enforcement Event. 6.2 No notice whether to third parties or by attaching a notice to the fixed assets shall be prepared or given until an Enforcement Event. 6.3 If required under local law, and consistent with local standard market practice, security over fixed assets will be registered subject to the general principles set out in these Agreed Security Principles.

Fixed Assets. 6.1 If a Guarantor Company grants security over its material fixed assets it shall be free to deal with those assets in the ordinary course of its business and otherwise as permitted under any Finance Credit Document until an Enforcement Event. 6.2 No notice whether to third parties or by attaching a notice to the fixed assets shall be prepared or given until an Enforcement Event. 6.3 If required under local law, and consistent with local standard market practice, security over fixed assets will be registered subject to the general principles set out in these Agreed Security Principles.

Fixed Assets. 6.1 5.1 If a Guarantor Company grants security over its material fixed assets it shall be free to deal with those assets in the ordinary course of its business and otherwise as permitted under any Finance Document until an Enforcement Event. 6.2 5.2 No notice whether to third parties or by attaching a notice to the fixed assets shall be prepared or given until an Enforcement Event. 6.3 If required under local law, and consistent with local standard market practice, security over fixed assets will be registered subject to the general principles set out in these Agreed Security Principles.