Crystallisation. The floating charge referred to in clause 4.2 will automatically and immediately crystallise and operate as a fixed charge:
Crystallisation. The Charge will cease to operate as a floating charge and will operate as a fixed charge, and the licence under clause 1.5(a) will automatically and immediately be withdrawn:
Crystallisation. The Lender may, by notice in writing to the Chargor, convert the floating charge referred to in Clause 2.3(b) into a specific fixed charge as regards all or part of the Charged Assets, if an Event of Default has occurred and is continuing, or the Lender considers those assets to be in danger of being seized or sold under any distress, execution or sequestration or to be otherwise in jeopardy. The floating charge referred to in Clause 2.3(b) shall (in addition to the circumstances in which the same shall occur under general law) automatically be converted into a specific fixed charge:
Crystallisation. 5.1 The floating charge created by each Chargor in Clause 4.2 may be crystallised into a fixed charge by notice in writing given at any time by the Collateral Agent to the relevant Chargor (or to the Company on its behalf). Such crystallisation shall take effect over the Floating Charge Assets or class of Assets specified in the notice. If no Floating Charge Assets are specified, it shall take effect over all Floating Charge Assets of the relevant Chargor.
Crystallisation. 4.13.1 The Lender may at any time by notice in writing to either Chargor (as applicable) convert any floating charge created by that Chargor pursuant to Clause 4.12 (Floating charge) above into a fixed charge with immediate effect as regards any property or assets specified in the notice if:
Crystallisation. 15.1 NOTICE In addition and without prejudice to any other event resulting in a crystallisation of the floating charge created by this Deed or any other right the Seventh Issuer Security Trustee may have, the Seventh Issuer Security Trustee may, at any time, if:
Crystallisation. To the extent that this charge operates as a floating charge it will crystallise and become fixed with respect to:
Crystallisation. Each Creditor hereby covenants with each of the other Creditors to notify each of them forthwith in writing after it becomes aware of the Crystallisation of any charge contained in its Charges. Cygnet covenants with the Senior Creditors (while any Senior Indebtedness remains outstanding) not without the prior written specific consent of the Senior Creditors to take any step (whether under Clause 7 of the Junior Charge or otherwise) which would or might Crystallise the floating charge created under the terms of the Junior Charge provided that this Clause 12.2 shall not prevent Cygnet serving a Permitted Demand on the Borrower.
Crystallisation. A floating charge created by this document automatically and immediately crystallises and operates as a fixed charge without the necessity for any act of or notice by any Enforcer:
Crystallisation. The floating charge of the Chargor created in clauses 2.1 and 2.3(b) automatically and immediately crystallises and becomes fixed:
