Common use of Specific Assets Clause in Contracts

Specific Assets. in respect of any asset forming part of the Security --------------- Assets which is not for the time being effectively charged to the Security Agent by way of fixed charge if: (i) the Company deals, or attempts, purports or proposes to deal, with that asset otherwise than in accordance with this Deed; (ii) any person levies or attempts, purports or proposes to levy, execution, distress or any other similar process in respect of that asset; (iii) any Encumbrance over that asset becomes capable of being enforced or any person enforces, or attempts, purports or proposes to enforce, any Encumbrance over that asset.