Crystallisation by notice. The Security Agent may at any time immediately ------------------------- upon or at any time after the occurrence of an Event of Default by notice in writing to the Company and notwithstanding any delay or waiver of any previous default, convert any charge created under this Deed which then operates as a floating charge to a fixed charge in respect of any of the Security Assets specified in the notice.
Appears in 2 contracts
Sources: Facility Agreement (Hawker Pacific Aerospace), Credit Agreement (Hawker Pacific Aerospace)