Common use of Charging Provision Clause in Contracts

Charging Provision. The Company as beneficial owner and as security for the payment and discharge of all Liabilities hereby charges in favour of the Agent: (1) by way of first fixed charge, all Book Debts; and (2) by way of first floating charge over accounts into which Book Debts are or will be paid and all related documents and records.

Charging Provision. The Company as beneficial owner and as security for the payment and discharge of all Liabilities hereby charges in favour of the Agent: (1) by way of first fixed charge, all Book Debts; and (2) by way of first floating charge over accounts into which Book Debts are or will be paid and all related documents and records.