Common use of FIXED AND FLOATING CHARGES Clause in Contracts

FIXED AND FLOATING CHARGES. 3.1 For better securing the payment of the Indebtedness and discharge of the obligations of the Borrower under the Loan Documents the Borrower as beneficial owner hereby charges to the Agent as trustee for itself and the other Beneficiaries and so that the charge hereby created shall be a continuing security:- (a) by way of a fixed charge over the Project Proceeds standing in the Project Account, all its uncalled capital, goodwill, patents, trademarks, licenses and concessions and all its plant, equipment and machinery, motor vehicles, furniture and fittings wheresoever they may be and all patents, trademarks, licenses, concessions, plant equipment machinery motor vehicles furniture and fittings hereafter acquired together with all accessories and parts pertaining thereto; (b) by way of a floating charge over all the lands, undertakings and other properties and assets of the Borrower movable and immovable whatsoever and wheresoever situate both present and future (including without limitation the Borrower's uncalled capital, goodwill, book debts, accounts receivable, stock-in-trade and Schedule 6 - 95 Borrower : Syarikat Telefon Wireless (M) Sdn. Bhd. Facility : Term Loan Facility of RM91,000,000.00 materials (including raw materials and partly finished and finished products), shares, stocks, securities, options and other rights in securities) not otherwise charged under clause 3.1 (a).

FIXED AND FLOATING CHARGES. 3.1 For better securing the payment of the Indebtedness and discharge of the obligations of the Borrower and the Chargor under the relevant Loan Documents the Borrower Chargor as beneficial owner hereby charges to the Agent as trustee for itself as agent and for the other Beneficiaries and so that the charge hereby created shall be a continuing security:- (a) by way of a fixed charge over the Project Proceeds standing in the Project Account, all its uncalled capital, goodwill, patents, trademarks, licenses and concessions and all its plant, equipment and machinery, motor vehicles, furniture and fittings wheresoever they may be including but not limited to all those listed in the Schedule hereto and including all patents, trademarks, licenses, concessions, plant equipment machinery motor vehicles furniture and fittings hereafter acquired together with all accessories and parts pertaining thereto; (b) by way of a floating charge over all the lands, lands undertakings and other properties and assets of the Borrower Chargor movable and immovable whatsoever and wheresoever situate both present and future (including without limitation the BorrowerChargor's uncalled capital, goodwill, book debts, accounts receivable, stock-in-trade and Schedule 6 - 95 Borrower : Syarikat Telefon Wireless (M) Sdn. Bhd. Facility : Term Loan Facility of RM91,000,000.00 materials (including raw materials and partly finished and finished products), shares, stocks, securities, options and other rights in securities) not otherwise charged under clause 3.1 (a).. 117 Borrower : Syarikat Telefon Wireless (M) Sdn. Bhd. Facility : Term Loan Facility of RM91,000,000.00