Examples of Floating Charges in a sentence
The Chargor hereby represents that to the Chargor's knowledge no event has occurred or circumstances arisen on or before the date of this Deed which has caused the crystallisation of the Existing Floating Charge[s] and the Chargor has taken no steps itself to crystallise the Existing Floating Charge[s].
To the extent cash is received by the Company in the framework of Asset Dispositions, the Company shall apply within 365 days an amount equal to or greater than the cash received in the framework of such Asset Dispositions to: (x) fund capital expenditures of the Company or other investments in long-term assets of the Company and/or (y) to redeem or otherwise repay secured indebtedness or other indebtedness secured by the Floating Charges of the Company (the “Permitted Payments”).
Therefore, the parties are allowed to describe the as- sets to be encumbered in general terms or according to class and quantity.4 All-Asset Security Rights and Floating Charges Encumbrance of the entirety of the movable and immovable assets of a company or another legal person also is possible.
Debenture, Fixed and Floating Charges, dated as of December 20, 2013, between Valeant Holdings Ireland, as Chargor and Goldman Sachs Lending Partners LLC, as Collateral Agent.