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:

Appears in 4 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

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