Floating Charge Asset definition
Floating Charge Asset means an asset charged under clause 3.3 (Floating Charge) or clause 4.1(a) (Security) of an Accession Deed.
Floating Charge Asset means an Asset for the time being comprised within the floating charge created by Clause 3.3 (Creation of Floating Charge) (or by the equivalent provision of any Deed of Accession and Charge) but, in relation to Assets situated in Scotland and charged by Clause 3.3(b) (or by the equivalent provision of any Deed of Accession and Charge) only in so far as concerns the floating charge over that Asset.
Floating Charge Asset means an asset charged under clause 3.43.3 (Floating Charge);
Examples of Floating Charge Asset in a sentence
There will be no Disposal of any Floating Charge Asset otherwise than for market value in the ordinary course of trading of the Chargor.
More Definitions of Floating Charge Asset
Floating Charge Asset means an asset charged under Subclause 4.3 (Floating Charge).
Floating Charge Asset an Asset for the time being comprised within the floating charge created by clause 4.4 (Creation of Floating Charge);
Floating Charge Asset has the meaning given to it in clause 3.3;