Floating Charge definition

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

Floating Charge means a charge which is a floating charge on its creation and which is created after the first order under paragraph (2)(a) comes into operation, and

Floating Charge means the charge so entitled dated on or about the date of this Agreement between the Company and the Security Agent.

Examples of Floating Charge in a sentence

• The Trustee is entitled to enforce the security created by the Deed of Floating Charge only if an Event of Default referred to in Condition 11(iii) of the Notes of any Series, or the analogous provision in the terms and conditions of any Series of Alternative Investments, has occurred and the security in respect of all Series of Notes and Alternative Investments then outstanding constituted by the relevant Trust Instrument and/or Additional Security Documents has become enforceable.

• The Trustee is entitled to enforce the security created by the Deed of Floating Charge only if an Event of Default referred to in Condition 9(c) of the Notes of any Series, or the analogous provision in the terms and conditions of any Series of Alternative Investments, has occurred and the security in respect of all Series of Notes and Alternative Investments then outstanding constituted by the relevant Constituting Instrument and/or Additional Charging Instrument has become enforceable.

• For the avoidance of doubt, in addition, the Equipment is subject to the Floating Charge and any New Equipment shall become subject to the Floating Charge as soon as an interest therein is acquired by Borrower (without any further action being required to effect the same).

• The Trustee shall not be responsible for monitoring or enquiring whether any rights have become exercisable by the Issuer in its capacity as the holder of any Charged Assets or the property of the Issuer secured pursuant to the Deed of Floating Charge (if any) and shall not be liable to any person for any failure by the Issuer to exercise those rights.

• The Association will at no time grant any lender a Floating Charge over its properties.

More Definitions of Floating Charge

Floating Charge means a charge created by a company or a foreign company which is, or as created was, a floating charge;

Floating Charge means a charge which is a floating charge on its creation,

Floating Charge means the floating charge dated 12 February 1997 and made between the Chargor and Goldman for itself and as agent and trustee for the other Finance Parties, as the agency role was transferred from Goldman to the Agent.

Floating Charge means a floating charge (Fi: yrityskiinnitys) registered on movable property in accordance with the Finnish Act on Floating Charge (Fi: yrityskiinnityslaki, 1984/634 as amended).

Floating Charge means the charge document in the form attached at Appendix 11 (Form of Floating Charge) entered into or to be entered into on or prior to the Utilisation Date for the Incidental Costs Loan by the Owner in favour of the Security Trustee over all and any assets of the Owner.

Floating Charge means a charge which, as created, was a floating charge an includes a floating charge within section 462 of the Companies Act (Scottish floating charges);

Floating Charge has the meaning set forth in the preamble above.