Common use of Floating Charge Clause in Contracts

Floating Charge. The Chargor, as legal and beneficial owner and as continuing security for the due and punctual payment and discharge of all Secured Obligations charges and agrees to charge in favour of the Security Trustee (as trustee for the Bondholders) by way of FIRST FLOATING CHARGE all the Chargor's undertaking, property, assets, goodwill, rights and revenues not charged or assigned to the Security Trustee under the Share Charge, whatsoever and wheresoever, both present and future, including all of the following, so that the charge hereby created shall be a continuing security by way of first floating charge subject always to Clause 25: (a) all book and other debts now and hereafter at any time and from time to time due or owing to the Chargor; (b) the uncalled capital, goodwill and all patents, patent applications, trade marks, trade names, registered designs, copyrights, licences and ancillary and connected rights; (c) all plant and machinery and the benefit of all contracts, licences and warranties relating to the same, all computers, vehicles, office equipment and other equipment and the benefit of all contracts, licences and warranties relating to the same, (d) the benefit of all licences, consents, agreements and authorisations held or used in connection with the business of the Chargor or the use of any of its assets; (e) any letter of credit issued in favour of the Chargor and all certificates of deposit, bills of exchange and other negotiable instruments held by it; and (f) all receivables of the Chargor.