Floating Charge Agreement definition
Examples of Floating Charge Agreement in a sentence
The provisions of clause 7 (Remedies and waivers), clause 8 (Severability), clause 12 (Notices) and clause 14 (Jurisdiction) of the Floating Charge Agreement shall be incorporated into this Agreement as if set out in full in this Agreement and as if references in those clauses to “this Agreement” are references to this Agreement.
The provisions of the Floating Charge Agreement shall, save as amended by this Agreement, continue in full force and effect.
The claims of (i) Borrower Secured Creditors to the extent that they are secured pursuant to the Security Agreement and (ii) the Issuer pursuant to the Obligor Floating Charge Agreement against each Obligor will rank (subject to the Reservations), prior to the claims of all its other unsecured and unsubordinated creditors.
Notwithstanding the provisions of any other Issuer Transaction Document, the Issuer Security shall only become enforceable upon the delivery of a Bond Enforcement Notice in accordance with clause 13 (Security Enforceable) of the Issuer Deed of Charge and the OFCA Floating Security shall only become enforceable in accordance with clause 10.1 (Security Enforceable) of the Obligor Floating Charge Agreement.
Upon said Initiated Termination, the following shall occur: (i) all of the following annexed agreements will be immediately and automatically terminated, without any further action from neither of the parties hereto: (a) the Floating Charge Agreement, (b) the Pledge Agreement, and (c) the Account Control Agreement (attached to the Pledge Agreement), and (ii) The Floating Charge on Wintegra Israel shall be cancelled and released, the Pledge on Wintegra Inc.
Citibank N.A. ("Citibank") confirms that it is no longer a party to the Loan Agreement, the Floating Charge Agreement (as defined in the Loan Agreement) and/or the Security Agreement (the "Transaction Documents") and thus the Transaction Documents may be amended from time to time by the other parties thereto without requiring Citibank's consent.
In such circumstances, clause 11.2 of the Obligor Floating Charge Agreement shall prevail.
The provisions of the Original Floating Charge Agreement shall, save as amended by this Agreement, continue in full force and effect.
Terms defined in the Obligor Floating Charge Agreement shall have the same meaning in this Deed.
The provisions of clause 5 (Enforcement), clause 7 (Remedies and waivers), clause 8 (Severability), clause 12 (Notices) and clause 14 (Jurisdiction) of the Original Floating Charge Agreement shall be incorporated into this Agreement as if set out in full in this Agreement and as if references in those clauses to “this Agreement” are references to this Agreement.