Pursuant to Clause. 20 (Power of Attorney), the Security Trustee may, upon the occurrence of an Insolvency Event of Default and shall, if so instructed pursuant to the Security Trust and Intercreditor Deed upon or at any time after the occurrence of any Event of Default which is continuing, deliver to relevant persons, Notices of Charge duly executed by the Security Trustee on behalf of the Company in respect of any Monetary Claims falling within the ambit of the security created pursuant to Clause 3 (Fixed Charges, Assignments and Floating Charge).
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Samples: g.e.c. Debenture (Marconi Corp PLC), Debenture (Marconi Corp PLC)
Pursuant to Clause. 20 (Power of Attorney), the Security Trustee may, upon the occurrence of an Insolvency Event of Default and shall, if so instructed pursuant to the Security Trust and Intercreditor Deed upon or at any time after the occurrence of any Event of Default which is continuing, deliver to relevant persons, persons Notices of Charge duly executed by the Security Trustee on behalf of the Company in respect of any Monetary Claims Accounts falling within the ambit of the security created pursuant to Clause 3 (Fixed Charges, Assignments and Floating Charge).
Appears in 2 contracts
Samples: Debenture (Marconi Corp PLC), g.e.c. Debenture (Marconi Corp PLC)
Pursuant to Clause. 20 (Power of Attorney), the Security Trustee may, upon the occurrence of an Insolvency Event of Default and shall, if so instructed pursuant to the Security Trust and Intercreditor Deed upon or at any time after the occurrence of any Event of Default which is continuing, deliver to relevant persons, Notices of Charge duly executed by the Security Trustee on behalf of the relevant Company or Companies in respect of any Monetary Claims falling within the ambit of the security created pursuant to Clause 3 (Fixed Charges, Assignments and Floating Charge)Claims.
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