Common use of Floating Charge Clause in Contracts

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein), the Debtor grants a floating charge to the Secured Party on all the Debtor’s interest in personal, real, immovable and leasehold property, including without limitation, all fixtures, crops and improvements, both present and future, other than such as are validly and effectively charged under Section 1 or excluded under Section 4.

Appears in 2 contracts

Sources: Line of Credit Agreement (Lucy Scientific Discovery, Inc.), Line of Credit Agreement (Lucy Scientific Discovery, Inc.)

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein)Obligations, the Debtor grants a floating charge to the Secured Party on all the Debtor’s interest in personal, real, immovable and leasehold real property, including without limitation, all fixtures, crops and improvements, both present and future, other than such as are validly and effectively charged under Section paragraph 1 or excluded under Section 4paragraph 3.

Appears in 1 contract

Sources: General Security Agreement (Vista Gold Corp)

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein), the Debtor grants a floating charge to the Secured Party on all the Debtor’s 's interest in personal, real, immovable and leasehold property, including without limitation, all fixtures, crops crops, permits, licenses, easements, rights of way, privileges, and improvements, both present and future, future other than such as are validly and effectively charged under Section 1 1.1 or excluded under Section 41.2.

Appears in 1 contract

Sources: Security Agreement (Pacific Stratus Ventures LTD)

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein)Obligations, the Debtor grants a floating charge to the Secured Party on all the Debtor’s 's interest in personal, real, immovable and leasehold property, including without limitation, all fixtures, crops and improvements, both present and future, other than such as are validly and effectively charged under Section paragraph 1 or excluded under Section 4paragraph 3. The floating charge created by this Security Agreement shall become a fixed charge when Secured Party proceeds to enforce payment of the Obligations.

Appears in 1 contract

Sources: Line of Credit and Security Agreement

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein), the Debtor grants a floating charge to the Secured Party on all the Debtor’s 's interest in personal, real, immovable and leasehold real property, including without limitation, all fixtures, crops and improvements, both present and future, other than such as are validly and effectively effectively, charged under Section 1 or excluded under Section 4.1.1 or

Appears in 1 contract

Sources: Security Agreement (3-D Geophysical Inc)

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein)Obligations, the Debtor grants a floating charge to the Secured Party on all the Debtor’s 's interest in personal, real, immovable and leasehold property, including without limitation, all fixtures, crops and improvements, both present and future, other than such as are validly and effectively charged under Section paragraph 1 or excluded under Section 4.paragraph 3. The floating charge created by this Security Agreement shall become a fixed charge when Secured Party proceeds to enforce payment of the Obligations.5

Appears in 1 contract

Sources: General Security Agreement

Floating Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein)Obligations, the Debtor grants a floating charge to the Secured Party on all the Debtor’s interest in personalreal immovable, real, immovable and leasehold property, including without limitation, all fixtures, crops crops, permits, licenses, easements, rights-of-ways, privileges, and improvements, both present and future, other than such as are validly and effectively charged under Section 1 or excluded under Section 42.01.

Appears in 1 contract

Sources: General Security Agreement (Pcsupport Com Inc)