Bond and Floating Charge definition

Bond and Floating Charge means the Scottish law bond and floating charge to be entered into pursuant to this Agreement by the UK Borrower in favor of the UK Collateral Agent to secure the UK Secured Obligations and the Canadian Secured Obligations.
Sample 1Sample 2Sample 3
Bond and Floating Charge means the bond and floating charge (governed by Scots law) dated on or around the Effective Date by the Issuer in favour of the Security Trustee (for the benefit of the Secured Parties);
Sample 1

Examples of Bond and Floating Charge in a sentence

  • Under the laws of each Obligor’s jurisdiction of incorporation, it is not necessary that any Loan Document (save in relation to the requirements referred to in Schedule 10.1.13 relating to the U.K. Debenture and the U.K. Bond and Floating Charge) be filed, recorded or enrolled with any court or other authority in that jurisdiction or that any stamp, registration or similar tax be paid on or in relation to the Loan Documents or the transactions contemplated by the Loan Documents.

  • During the Term, save for (i) the security interests of FGI, (ii) the Selling Shareholders’ pledges in respect of the Colmek Shares and (iii) the Bond and Floating Charge granted by Coda Octopus Products Limited in favour of The Governor and Company of the Bank of Scotland, COGI will not take or omit to take any action that might or would have the result of materially impairing the first ranking security interests securing the Notes.

  • With effect from the Recapitalisation Supplemental Deed Effective Date, clause 8.1 of the Telewest Loan Assignment, clause 8.1 of the Share Charge, clause 6.1 of each Bond and Floating Charge and clause 8.1 of each Share Pledge, shall be amended by deleting in their entirety the words “the Secured Obligations shall be immediately due and payable and”.

  • All assets Bond and Floating Charge 95 All assets (including Aquaculture Licences, Intercompany Loans and Insurance Policies) Bond and Floating Charge 168 SCHEDULE 5 FORM OF TRANSFER CERTIFICATE To: DNB BANK ASA, as Agent From: [Name of Original Lender] (the “Transferring Lender”) and [Name of New Lender] (the “New Lender”) Date: [ ] MARINE HARVEST ASA – EUR 555,000,000 FACILITY AGREEMENT DATED 4 NOVEMBER 2014 (THE “AGREEMENT”) 1 We refer to the Agreement.

  • Xxxxxx Davix Xxxxx XXCRETARY: Paulx & Xilliamsons ACCOUNTING REFERENCE DATE: 30 April AUDITORS: Deloitte & Touche CHARGES: Bond and Floating Charge in favour of the Governor and Company of the Bank of Scotland SHAREHOLDER: 87% subsidiary of Orwexx Xxxup plc (108,750 shares) 13% held by D.

  • Bond and Floating Charge in favour of the Royal Bank of Scotland plc, created 10th December 1993, registered 24th December 1993, for all sums due or to become due, over the whole undertaking and property and assets of the company, present and future.

  • Under the laws of each Obligor’s jurisdiction of incorporation, it is not necessary that any Loan Document (save in relation to the requirements referred to in Schedule 10.1.13 relating to the U.K. Debenture and the U.K. Bond and Floating Charge) be filed, recorded or enrolled with any court or other authority in that jurisdiction or that 103 ​ any stamp, registration or similar tax be paid on or in relation to the Loan Documents or the transactions contemplated by the Loan Documents.

Related to Bond and Floating Charge

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio: