and Floating Charge definition

and Floating Charge shall provide Vertex with a security interest in the assets, receivables, and monies of NWE superior to all other NWE creditors, with the exception of payroll, inland revenue, and value added tax. Upon Vertex's ceasing to factor any invoices/receivables of NWE, with the intent of the parties hereto being that Vertex shall no longer factor invoices/receivables of NWE, and upon Vertex having received all monies to which it is entitled to under this Assignment and Amendment to Factoring Agreement, Vertex shall, at the request of a majority of the Board of Directors of NWE, execute any and all documents necessary to terminate Vertex's security interest in the assets, receivables and monies of NWE, including the termination of the "Fixed and Floating Charge". "Section 3, Payments, shall be amended and shall read as follows:"
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Examples of and Floating Charge in a sentence

  • For the avoidance of doubt, references in this Section to the Administrative Agent shall include the Administrative Agent in its capacity as Collateral Agent under each of the Security Trust Deed (Australia), Fixed and Floating Charge (Australia), and the Guaranty Agreement (Australia).

  • Bond and Floating Charge (Scotland) dated 16 March 2001 granted by Telewest Communications (Scotland) Limited in favour of CIBC World Markets PLC as security trustee.

  • Bond and Floating Charge (Scotland) dated 16 March 2001 granted by Telewest Communications (Scotland Holdings) Limited in favour of CIBC World Markets PLC as security trustee.

  • Bond and Floating Charge (Scotland) dated 14 July 2004 granted by Telewest Communications (Scotland Holdings) Limited in favour of CIBC World Markets PLC as security trustee.

  • Bond and Floating Charge (Scotland) dated 16 March 2001 granted by Telewest Communications (Motherwell) Limited in favour of CIBC World Markets PLC as security trustee.

  • Bond and Floating Charge (Scotland) dated 16 March 2001 granted by Telewest Communications (Dundee & Perth) Limited in favour of CIBC World Markets PLC as security trustee.

  • In the event that Unicoin is prepared to enter into a Debenture and Floating Charge with (LIIL) and (NHL) the stamp duty will be one (1%) percent of the consideration.

  • Bond and Floating Charge (Scotland) dated 14 July 2004 granted by Telewest Communications (Scotland) Limited in favour of CIBC World Markets PLC as security trustee.

  • Bond and Floating Charge (Scotland) dated 14 July 2004 granted by Telewest Communications (Dundee & Perth) Limited in favour of CIBC World Markets PLC as security trustee.

  • Bond and Floating Charge (Scotland) dated 14 July 2004 granted by Telewest Communications (Motherwell) Limited in favour of CIBC World Markets PLC as security trustee.

Related to and Floating Charge

  • Floating Charge means a charge that, as created, was a floating charge;

  • Parking Charge means the charge paid by drivers to leave a vehicle in a parking place;

  • Fixed Charge , in relation to a tenancy, means—

  • RUNNING CHARGE PER KILOMETER means the rates payable against each KM run. and shall be deemed to include all the expenditures of the Transport Supplier viz., cost of fuel, tyre/tube, battery & consumables like lubricants etc. and other maintenance expenditures including accessories involved including GST element as applicable towards movement of the vehicle(s)/equipment.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.