Crystallisation of Floating Charge. If an Event of Default occurs the floating charge created pursuant to this clause 3.1 (the “Floating Charge”) shall be converted into a fixed charge upon the service by the Bank of a notice to that effect upon the Counterparty.
Appears in 3 contracts
Sources: Amendment Agreement, Framework Agreement, Amendment Agreement
Crystallisation of Floating Charge. If an Event of Default occurs the floating charge created pursuant to this clause 3.1 (the “Floating Charge”) shall be converted into a fixed charge upon the service by the Bank of a notice to that effect upon the Counterparty.
Appears in 1 contract
Sources: Framework Agreement
Crystallisation of Floating Charge. If an Event of Default occurs the floating charge created pursuant to this clause 3.1 (“the “Floating Charge”) shall be converted into a fixed charge upon the service by the Bank of a notice to that effect upon the Counterparty.
Appears in 1 contract
Sources: Framework Agreement