Common use of Non-English Companies Clause in Contracts

Non-English Companies. Notwithstanding the contents of this Clause 3, APW Products and Systems BV, APW Power Supplies AS and Xxxxxx Line Europe BV (the "Non- English Companies") shall only charge, in favour of the Security Trustee with full title guarantee, and as continuing security for payment and discharge of their Secured Obligations, by way of fixed charge, all of their respective present and future Charged Shares (by executing Deeds of Accession) together with (by way of charge by way of legal mortgage, fixed charge, assignment by way of security or floating charge (as applicable)) all other assets located in the England and Wales which such Companies may own at any time in the future;

Appears in 2 contracts

Samples: Apw LTD, Apw LTD

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Non-English Companies. Notwithstanding the contents of this Clause 3, APW Products and Systems BV, APW Power Supplies AS and Xxxxxx Line Europe BV (the "Non- English Companies") shall only charge, in favour of the Security Trustee with full title guarantee, and as continuing security for payment and discharge of their Secured Obligations, by way of fixed charge, all of their respective present and future Charged Shares (by executing Deeds of Accession) together with (by way of charge by way of legal mortgage, fixed charge, assignment by way of security Security or floating charge (as applicable)) all other assets located in the England and Wales which such Companies may own at any time in the future;

Appears in 2 contracts

Samples: Apw LTD, Apw LTD

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