Crystallisation definition

Crystallisation means the point at which any Non-Equalisation Performance Fee becomes payable to the Investment Manager.

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Crystallisation. From and including the date when the Note Trustee serves a Current Issuer Note Enforcement Notice (which has not been withdrawn) on the Current Issuer: (a) notwithstanding any provision hereof or of any other Current Issuer Transaction Document no amount may be withdrawn from the Current Issuer Bank Accounts except with the prior written consent of the Note Trustee; and (b) if not already crystallised, any charge created by this Current Issuer Deed of Charge which is a floating charge shall crystallise, provided that the floating charge created by this Current Issuer Deed of Charge shall not be crystallised solely as a result of obtaining a moratorium (or anything done with a view to obtaining a moratorium) under the Insolvency Act 2000 except with leave of the court.

Crystallisation. From and including the date when the Note Trustee serves a Current Issuer Note Enforcement Notice (which has not been withdrawn) on the Current Issuer: (a) notwithstanding any provision hereof or of any other Current Issuer Transaction Document no amount may be withdrawn from the Current Issuer Bank Accounts except with the prior written consent of the Note Trustee; and (b) if not already crystallised, any charge created by this Current Issuer Deed of Charge which is a floating charge shall crystallise.

Examples of Crystallisation in a sentence

• The Collateral Agent shall not be entitled to exercise its rights under Clause 13.1 (Enforcement) or Clause 4 (Crystallisation of Floating Charge) where the right arises as a result of an Enforcement Event occurring solely due to any person obtaining or taking steps to obtain a moratorium pursuant to Schedule A1 of the Insolvency Act ▇▇▇▇.

• The Security Trustee shall not be entitled to exercise its rights under Clause 14.1 (Enforcement) or Clause 4 (Crystallisation of floating charge) where the right arises as a result of an Event of Default occurring solely due to any person obtaining or taking steps to obtain a moratorium pursuant to Schedule Al of the Insolvency ▇▇▇ ▇▇▇▇.

• The Collateral Agent shall not be entitled to exercise its rights under Clause 14.1 (Enforcement) or Clause 4 (Crystallisation of Floating Charge) where the right arises as a result of an Enforcement Event occurring solely due to any person obtaining or taking steps to obtain a moratorium pursuant to Schedule A1 of the Insolvency Act ▇▇▇▇.

• Crystallisation..........................................................

• The Security Agent shall not be entitled to exercise its rights under Clause 14.1 (Enforcement) or Clause 4 (Crystallisation of Floating Charge) where the right arises as a result of an Event of Default occurring solely due to any person obtaining or taking steps to obtain a moratorium pursuant to Schedule A1 of the Insolvency ▇▇▇ ▇▇▇▇.

More Definitions of Crystallisation

Crystallisation or “Crystallise” means the point at which any Performance Fee becomes payable to the Investment Manager.

Crystallisation. By Notice The Collateral Agent may at any time by notice in writing to each of the Chargors convert the floating charge created by Clause 3.3 with immediate effect into a fixed charge as regards any property or assets specified in the notice after an Event of Default has occurred and is continuing, unremedied and unwaived.

Crystallisation means the procedure of transforming, with a Crystallisation Notice, the Floating Charge into a mortgage over real estates, a fixed charge over moveable assets, pledge over moveable assets or charge over rights and/or claims of the Chargor.

Crystallisation. Automatic Notwithstanding Clause 6.1 (Crystallisation: By Notice) and without prejudice to any law which may have a similar effect, any floating charge created by this Debenture will automatically be converted (without notice) with immediate effect into a fixed charge as regards all the assets subject to the floating charge if: 6. 2.1 the Company creates or attempts to create any Security (other than Security that is permitted under this Debenture or any Secured Document) over any of the Charged Property; or

Crystallisation. By Notice Each Chargee may at any time by notice in writing to the Company convert any floating charge created under this Debenture with immediate effect into a fixed charge as regards any property or assets specified in the notice if: 6.

Crystallisation. From and including the date when the Note Trustee serves an Issuer Enforcement Notice (which has not been withdrawn) on the Master Issuer or the Issuer Security has otherwise become enforceable: (a) notwithstanding any provision hereof or of any other Issuer Transaction Document no amount may be withdrawn from the Issuer Bank Accounts except with the prior written consent of the Issuer Security Trustee; and (b) if not already crystallised, but subject to any prohibition or restriction imposed by law, any charge created by this Deed which is a floating charge shall crystallise, provided that the floating charge created by this Deed shall not be crystallised solely as a result of obtaining a moratorium (or anything done with a view to obtaining a moratorium) under the Insolvency Act 2000 except with leave of the court.

Crystallisation means using part or all of your SIPP to provide retirement or death benefits. It also occurs when you Transfer your SIPP to an Overseas Pension Scheme which is recognised by HMRC as a Qualifying Scheme.