Common use of Small companies Clause in Contracts

Small companies. The floating charge created under this Deed by any Chargor shall not convert into a fixed charge solely by reason of a moratorium being obtained under the Insolvency A▇▇ ▇▇▇▇ (or anything done with a view to obtaining such a moratorium) in respect of such Chargor.

Small companies. ‌ The floating charge created under this Deed by any Chargor shall not convert into a fixed charge solely by reason of a moratorium being obtained under the Insolvency A▇▇▇ ▇▇▇▇ (or anything done with a view to obtaining such a moratorium) in respect of such Chargor.