{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-fixed", "type": "clause", "offset": [16, 25]}, {"key": "to-the-supplier", "type": "clause", "offset": [49, 64]}, {"key": "base-fixed-charge", "type": "definition", "offset": [70, 87]}, {"key": "per-cent", "type": "definition", "offset": [137, 145]}, {"key": "bid-date", "type": "definition", "offset": [226, 234]}, {"key": "the-accounting-year", "type": "clause", "offset": [272, 291]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [331, 357]}, {"key": "by-way-of-illustration", "type": "clause", "offset": [362, 384]}, {"key": "the-appointed-date", "type": "definition", "offset": [432, 450]}, {"key": "april-1", "type": "definition", "offset": [622, 629]}], "size": 9, "snippet": "For determining the Fixed Charge due and payable to the Supplier, the Base Fixed Charge shall be revised annually to reflect 20% (twenty per cent) of the variation in WPI occurring between January 31 immediately preceding the Bid Date and January 31 immediately preceding the Accounting Year for which such revision is undertaken. For the avoidance of doubt and by way of illustration, if (a) the Bid Date occurs in March 2015; (b) the appointed date occurs in May 2019; and (c) WPI increases by 20% (twenty per cent) between January 31, 2015 and January 31, 2019, the Fixed Charge for the Accounting Year commencing from April 1, 2019 shall be 104% (one hundred and four per cent) of the Base Fixed Charge.", "samples": [{"hash": "bC1XSZHCnLC", "uri": "/contracts/bC1XSZHCnLC#fixed-charge", "label": "Procurement Agreement", "score": 35.715549469, "published": true}, {"hash": "9WyNL6J5rVI", "uri": "/contracts/9WyNL6J5rVI#fixed-charge", "label": "Procurement Agreement", "score": 29.8208141327, "published": true}, {"hash": "jSnp1GnrFuA", "uri": "/contracts/jSnp1GnrFuA#fixed-charge", "label": "Procurement Agreement", "score": 25.3299102783, "published": true}], "hash": "c87b43ead836811bd6c0d0359209d209", "id": 2}, {"snippet_links": [{"key": "the-owners", "type": "definition", "offset": [4, 14]}, {"key": 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entitled then or at any later time or times to appropriate all or any part of the Secured Property in or towards discharge of the then Outstanding Indebtedness or any part thereof, and may do so notwithstanding that any maturity date attached to any part or parts of the Secured Property may not yet have arrived.\n3.3 A certificate signed by a director or other senior officer of the Lender and which states that on a specified date and (if the certificate also states this) at a specified time the Lender exercised its rights under this clause to appropriate a specified amount of Secured Property in the discharge of a specified amount of the Outstanding Indebtedness shall be conclusive evidence that:\n3.3.1 the Lender's liabilities in respect of the specified amount of Secured Property; and\n3.3.2 the specified amount of the Outstanding Indebtedness, were extinguished and discharged on the specified date and, if so stated, at the specified time.", "samples": [{"hash": "ciGWHChfUuj", "uri": 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"offset": [478, 499]}, {"key": "collateral-value", "type": "definition", "offset": [506, 522]}], "size": 6, "snippet": "2.1 The Pledgor on the terms of this Pledge hereby charges to the Pledgeholder by way of first fixed charge with full title guarantee and as a continuing security for the payment and discharge of the Secured Obligations, all of the Pledgor's rights to and title and interest from time to time in the Collateral.\n2.2 The value of the Collateral shall not during the term of this Pledge be less than \u2587\u2587 (\u2587\u2587\u2587\u2587\u2587\u2587) \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 Dollars unless otherwise directly provided by this Pledge Agreement (the \"Collateral Value\").", "samples": [{"hash": "eerCFHuQvAD", "uri": "/contracts/eerCFHuQvAD#fixed-charge", "label": "Pledge Agreement (Open Joint Stock Co Vimpel Communications)", "score": 18.0, "published": true}, {"hash": "9fDoVLzSSaD", "uri": "/contracts/9fDoVLzSSaD#fixed-charge", "label": "Pledge Agreement (Open Joint Stock Co Vimpel Communications)", "score": 18.0, "published": true}], "hash": "70015b5e3213dbf5b1b4019d2a928fa1", "id": 6}, {"snippet_links": [{"key": "four-fiscal-quarters-ending", "type": "definition", "offset": [0, 27]}, {"key": "coverage-ratio", "type": "definition", "offset": [28, 42]}], "size": 6, "snippet": "Four Fiscal Quarters Ending Coverage Ratio", "samples": [{"hash": "jwfq57cUmjG", "uri": "/contracts/jwfq57cUmjG#fixed-charge", "label": "Credit Agreement (Diamond Foods Inc)", "score": 21.1615333557, "published": true}, {"hash": "eIwp5nUrYKj", "uri": "/contracts/eIwp5nUrYKj#fixed-charge", "label": "Credit Agreement (Asyst Technologies Inc)", "score": 21.0, "published": true}, {"hash": "77QaTnk0Dgq", "uri": "/contracts/77QaTnk0Dgq#fixed-charge", "label": "Credit Agreement (Asyst Technologies Inc)", "score": 21.0, "published": true}], "hash": "459d25c8b4c7d335da639a0d679a006e", "id": 5}, {"snippet_links": [{"key": "a-fixed", "type": "clause", "offset": [24, 31]}, {"key": "other-property", "type": "definition", "offset": [65, 79]}], "size": 5, "snippet": "This charge constitutes a fixed and specific charge over all the Other Property.", "samples": [{"hash": "jkezXW9BN61", "uri": "/contracts/jkezXW9BN61#fixed-charge", "label": "General Security Agreement (G Medical Innovations Holdings Ltd.)", "score": 30.1704311371, "published": true}, {"hash": "e9LWoHjZwDx", "uri": "/contracts/e9LWoHjZwDx#fixed-charge", "label": "General Security Agreement (G Medical Innovations Holdings Ltd.)", "score": 30.1457901001, "published": true}, {"hash": "6PZZlqMmru8", "uri": "/contracts/6PZZlqMmru8#fixed-charge", "label": "General Security Agreement (G Medical Innovations Holdings Ltd.)", "score": 29.540725708, "published": true}], "hash": "775bc9e5b043f0752d43d01ff8e06e82", "id": 7}, {"snippet_links": [{"key": "commencing-with-the", "type": "clause", "offset": [35, 54]}, {"key": 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"a-fixed", "type": "clause", "offset": [0, 7]}, {"key": "secured-property", "type": "clause", "offset": [24, 40]}, {"key": "personal-property", "type": "definition", "offset": [69, 86]}], "size": 20, "snippet": "a fixed charge over all Secured Property of the Obligor which is not Personal Property.", "samples": [{"hash": "4OEsPA82r70", "uri": "/contracts/4OEsPA82r70#fixed-charge", "label": "Loan Agreement", "score": 33.0256614685, "published": true}, {"hash": "4aOUx1SK9aF", "uri": "/contracts/4aOUx1SK9aF#fixed-charge", "label": "Loan Agreement", "score": 32.7652053833, "published": true}, {"hash": "77I7Vfwgf9f", "uri": "/contracts/77I7Vfwgf9f#fixed-charge", "label": "Loan Agreement", "score": 31.9166221619, "published": true}], "hash": "3e3d619749ecaa829b6b6b90eef1b855", "id": 1}, {"snippet_links": [{"key": "the-client", "type": "definition", "offset": [0, 10]}, {"key": "beneficial-owner", "type": "definition", "offset": [15, 31]}, {"key": "in-favour-of", "type": "clause", "offset": [41, 53]}, {"key": "first-fixed-charge", "type": "clause", "offset": [70, 88]}, {"key": "respective-rights", "type": "clause", "offset": [106, 123]}, {"key": "continuing-security", "type": "definition", "offset": [185, 204]}, {"key": "satisfaction-of", "type": "clause", "offset": [225, 240]}, {"key": "margin-facility-terms", "type": "definition", "offset": [278, 299]}, {"key": "at-any-time", "type": "clause", "offset": [317, 328]}, {"key": "with-interest", "type": "definition", "offset": [377, 390]}], "size": 4, "snippet": "The Client, as beneficial owner, charges in favour of GTJAS by way of first fixed charge all the Client\u2019s respective rights, title, benefits and interests in and to all Collateral as a continuing security for the payment and satisfaction of all monies and liabilities under the Margin Facility Terms which are now or at any time hereafter may be due or owing to GTJAS together with interest.", "samples": [{"hash": "8Al8IwcR2nN", "uri": "/contracts/8Al8IwcR2nN#fixed-charge", "label": "Securities Margin Trading Agreement", "score": 24.414100647, "published": true}, {"hash": "c437MmTnch9", "uri": "/contracts/c437MmTnch9#fixed-charge", "label": "Securities Margin Trading Agreement", "score": 23.4982891083, "published": true}], "hash": "e79ffd3a4aab1ea92637b7835fb4216e", "id": 10}, {"snippet_links": [{"key": "the-parties-agree-that", "type": "clause", "offset": [0, 22]}, {"key": "the-fixed", "type": "clause", "offset": [23, 32]}, {"key": "in-accordance-with", "type": "clause", "offset": [72, 90]}, {"key": "the-offer", "type": "clause", "offset": [91, 100]}, {"key": "the-supplier", "type": "definition", "offset": [104, 116]}], "size": 7, "snippet": "The Parties agree that the Fixed Charge payable for Availability shall, in accordance with the offer of the Supplier, be Rs. ...", "samples": [{"hash": "4VCR8R7FtMh", "uri": "/contracts/4VCR8R7FtMh#fixed-charge", "label": "Power Supply Agreement", "score": 30.0726509094, "published": true}, {"hash": "giOr2PztArP", "uri": "/contracts/giOr2PztArP#fixed-charge", "label": "Procurement Agreement", "score": 30.0425415039, "published": true}, {"hash": "7nTmvdBjSeg", "uri": "/contracts/7nTmvdBjSeg#fixed-charge", "label": "Power Supply Agreement", "score": 28.9968662262, "published": true}], "hash": "d63dc884cdca18a6b237260a5c314d21", "id": 3}, {"snippet_links": [{"key": "the-chargor", "type": "clause", "offset": [0, 11]}, {"key": "in-favour-of", "type": "clause", "offset": [20, 32]}, {"key": "the-lenders", "type": "clause", "offset": [33, 44]}, {"key": "first-fixed-charge", "type": "clause", "offset": [57, 75]}, {"key": "owned-by", "type": "definition", "offset": [104, 112]}, {"key": "related-rights", "type": "definition", "offset": [170, 184]}], "size": 4, "snippet": "The Chargor charges in favour of the Lenders by way of a first fixed charge:\n(a) all the Secured Shares owned by it or held by any nominee on its behalf; and\n(b) all the Related Rights.", "samples": [{"hash": "6k2FpIPIjDr", "uri": "/contracts/6k2FpIPIjDr#fixed-charge", "label": "Further Deed of Charge of Shares (Shin Nippon Biomedical Laboratories, Ltd.)", "score": 33.6105422974, "published": true}, {"hash": "9Gm86Y2SjjB", "uri": "/contracts/9Gm86Y2SjjB#fixed-charge", "label": "Deed of Charge of Shares (Shin Nippon Biomedical Laboratories, Ltd.)", "score": 30.1362075806, "published": true}, {"hash": "2Kst9BGtGHv", "uri": "/contracts/2Kst9BGtGHv#fixed-charge", "label": "Deed of Charge of Shares (Shin Nippon Biomedical Laboratories, Ltd.)", "score": 29.3148536682, "published": true}], "hash": "9f35b9c0023eda5006cb029a2d0000a0", "id": 9}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVmaXhlZC1jaGFyZ2UjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Fixed Charge", "parents": [["charge-over-secured-property", "Charge over Secured Property"], ["security", "Security"], ["charge", "Charge"], ["obligations-relating-to-reporting-requirements", "Obligations relating to reporting requirements"], ["references-to-performance-security", "References to Performance Security"]], "size": 167, "children": [["retention-of-documents", "Retention of documents"], ["charge", "Charge"], ["share-registration", "Share registration"], ["insurances", "Insurances"], ["", ""]], "id": "fixed-charge", "related": [["fixed-charges", "Fixed Charges", "<strong>Fixed Charges</strong>"], ["fixed-charge-ratio", "Fixed Charge Ratio", "<strong>Fixed Charge</strong> Ratio"], ["floating-charge", "Floating Charge", "Floating Charge"], ["fixed-charges-coverage-ratio", "Fixed Charges Coverage Ratio", "<strong>Fixed Charges</strong> Coverage Ratio"], ["fixed-charge-coverage", "Fixed Charge Coverage", "<strong>Fixed Charge</strong> Coverage"]], "related_snippets": [], "updated": "2025-07-17T06:20:50+00:00", "also_ask": ["What key elements must be included to ensure a fixed charge is valid and enforceable?", "How can a fixed charge be structured to maximize priority over other creditors?", "What are the main risks of a fixed charge being recharacterized as a floating charge?", "How do fixed charge requirements differ across key jurisdictions?", "What are the most common grounds for a fixed charge to be challenged or set aside in court?"], "drafting_tip": "Define the assets subject to the fixed charge to avoid ambiguity; specify the chargor\u2019s restrictions on dealing with those assets to ensure enforceability; clarify priority over other interests to protect the chargee\u2019s rights.", "explanation": "A Fixed Charge clause establishes a specific security interest over particular assets of a borrower, granting the lender priority rights over those assets in the event of default. This clause typically applies to tangible assets such as property, equipment, or vehicles, and restricts the borrower's ability to sell or dispose of these assets without the lender's consent. Its core function is to provide the lender with a higher level of security and control, ensuring that certain key assets remain available to satisfy outstanding debts if the borrower fails to meet their obligations."}, "json": true, "cursor": ""}}