Fixed Charge Assets definition

Fixed Charge Assets means the assets, property and undertaking of the Company over which a Secured Creditor has a fixed charge as at the Appointment Date under the terms of a Security granted by the Company to the Secured Creditor;

Fixed Charge Assets means those assets which are from time to time the subject of Clauses 3.2 (Fixed charge) or 3.4 (Conversion of floating charge).

Fixed Charge Assets means the rights and interests held by the Borrower in the real property assets described in Schedule “A” to the Debenture.

Examples of Fixed Charge Assets in a sentence

• Subject to the rights of any prior chargee and except as otherwise expressly agreed in writing by the Collateral Agent, each Chargor shall deposit with the Collateral Agent, and the Collateral Agent shall be entitled to retain during the continuance of this Debenture, all deeds and documents of title relating to all its Fixed Charge Assets, including policies of insurance and assurance, certificates of registration and certificates constituting or evidencing Securities and Intellectual Property Rights.

• The Chargor undertakes to the Collateral Agent that, immediately after the execution of this Debenture, it shall give such notices of assignment and/or charge in respect of the Fixed Charge Assets in form and substance reasonably satisfactory to the Collateral Agent to the relevant parties and use its reasonable endeavours to ensure that the Collateral Agent receives whatever acknowledgements the Collateral Agent reasonably considers necessary to perfect the Charges.

More Definitions of Fixed Charge Assets

Fixed Charge Assets means any part or parts of the Charged Assets effectively charged by way of fixed Security Interests or effectively mortgaged or assigned by way of fixed Security Interests under this Deed;

Fixed Charge Assets means those assets which are from time to time the subject of clauses 3.2 and 3.3 of the Issuer Security;

Fixed Charge Assets means, at any time, the assets then effectively charged to the Bank by way of first fixed charge pursuant to this Deed;

Fixed Charge Assets means the assets of the Company described in clause 3.1.

Fixed Charge Assets means any of the Charged Assets which are comprised within a mortgage or fixed charge created by clauses 2.1.1 or 2.1.2 or any security created pursuant to clause 2.9;

Fixed Charge Assets means the assets of the Company described in clause 2.1(a), (b) and (c)

Fixed Charge Assets without prior written consent from the Lead Bank (acting on the instructions of the Majority Banks). The Lead Bank (acting on the instructions of the Majority Banks) shall have an absolute discretion to give or refuse any such consent or to grant a consent subject to such conditions as it may think fit, without giving any reason for so doing. However, unless an Event of Default or Potential Event has occurred and is Continuing, consent will generally be given provided the proceeds of such disposal are applied in accordance with Clause 8 (Prepayments); and