DE-CRYSTALLISATION Clause Samples
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DE-CRYSTALLISATION. Where an asset has become subject to a fixed charge under clause 2.4, the Chargee may release the asset from that fixed charge by notice in writing to the Chargor as of the date specified in the notice.
DE-CRYSTALLISATION. By notice to the Mortgagor, the Mortgagee may at any time release from the fixed charge any asset which has become subject to a fixed charge under clause 3.4. That asset will then again be subject to the floating charge and to the further operation of that clause.
DE-CRYSTALLISATION a. At any time after this deed has taken effect as a fixed charge over the Charged Property the Collateral Trustee may give notice in writing to the Chargor releasing the Charged Property from that fixed charge.
b. When the Charged Property is released from the fixed charge under Clause 3.6(a), the Charged Property will again be subject to:
i. the floating charge under Clause 3.2(b); and
ii. the further operation of Clause 3.5 and this Clause 3.6.
DE-CRYSTALLISATION. If the floating charge over any Security Assets ------------------ becomes fixed in accordance with Clause 3.4 (Crystallisation by Notice) or 3.5 (Automatic Crystallisation) it shall again become a floating charge over those Security Assets if the Security Agent gives the Company a notice in writing to that effect.
DE-CRYSTALLISATION. 4.3.1 Where an asset has become subject to a fixed charge under Clause 4.1 (Crystallisation: By Notice) or Clause 4.2 (Crystallisation: Automatic) the Security Trustee shall, if so requested by the Company and if instructed to do so in accordance with the Security Trust and Intercreditor Deed, release the asset from that fixed charge by notice in writing to Marconi Corporation and the Company.
4.3.2 When an asset is released from the fixed charge under sub-clause 4.3.1 above, the asset will again be subject to:
(a) the floating charge under Clause 3.3 (Floating Charge); and
(b) the further operation of Clause 4.1 (Crystallisation: By Notice) or Clause 4.2 (Crystallisation: Automatic).
DE-CRYSTALLISATION. (a) Where an asset has become subject to a fixed charge under clause 4.4, the Security Trustee may release the asset from that fixed charge by notice in writing to the Issuing Trustee.
(b) When an asset is released from the fixed charge under clause 4.5(a)) the asset will again be subject to:
(1) the floating charge under clauses 4.1 and 4.3; and
(2) the further operation of clause 4.4.
(c) The Security Trustee must promptly give each Designated Rating Agency a notice of any release made pursuant to clause 4.5(a).
DE-CRYSTALLISATION. By notice to the Mortgagor, the Collateral Agent may at any time release from the fixed charge any asset which has become subject to a fixed charge under clause 3.4 (Crystallisation). That asset will then again be subject to the floating charge and to the further operation of that clause.
DE-CRYSTALLISATION. The Mortgagee may by and with effect from notice to the Mortgagor convert any charge which has become fixed over Mortgaged Property pursuant to clauses 2.6 or 2.7 back to a floating charge in respect of the Mortgaged Property specified in the notice (subject to the further effects of clauses 2.6 and 2.7).
DE-CRYSTALLISATION. The Security Trustee must, at the direction of the Manager, at any time release any asset which has become subject to a fixed charge under clause 4.4 from the fixed charge by notice to the Chargor. That asset will then again be subject to the floating charge and to the further operation of that clause. The Security Trustee must notify the Designated Rating Agency for each Class of Notes of any such release.