Common use of Fixed Charge Clause in Contracts

Fixed Charge. The Client, as beneficial owner, charges in favour of GTJAS, on trust for itself and any other member of the GTJA Group by way of first fixed charge all the Client’s respective rights, title, benefits and interests in and to all Collateral as a continuing security for the payment and satisfaction of all monies and liabilities under the Margin Facility Terms or any agreement with any other member of the GTJA Group which are now or at any time hereafter may be due or owing to GTJAS or any other member of GTJA Group together with interest.

Fixed Charge. The Client, as beneficial owner, charges in favour of GTJAS, on trust for itself and any other member of the GTJA Group GTJAS by way of first fixed charge all the Client’s respective rights, title, benefits and interests in and to all Collateral as a continuing security for the payment and satisfaction of all monies and liabilities under the Margin Facility Terms or any agreement with any other member of the GTJA Group which are now or at any time hereafter may be due or owing to GTJAS or any other member of GTJA Group together with interest.