Floating Charge Assets definition

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

Floating Charge Assets means those assets which are from time to time the subject of Clause 3.3 (Floating charge).

Floating Charge Assets has the meaning given to it in Clause 5.1 (Creation of Floating Charge).

Examples of Floating Charge Assets in a sentence

• Floating Charge Assets without the prior consent of the Secured Creditor who holds the relevant floating charge other than in the ordinary course of business.

• Floating Charge Assets Driver and Vehicle Licensing Agency (‘DVLA’) receipts TVRL was responsible for arranging and paying the relevant fees for road fund licences in respect of the vehicles and a significant number of vehicle licence fees were prepaid to the DVLA at the date of Administration.

• The Bank may conduct its own valuation of the Floating Charge Assets and rights of the Borrower or call for valuation thereof by a valuer and all expenses, fees and charges incurred in the valuation shall be borne by the Borrower.

• The Security Trustee shall, at the request and cost of any Chargor, execute such letters of non-crystallisation as may be reasonably necessary to permit any Permitted Disposal of the Floating Charge Assets.

• Chargee may by written notice to the Chargor convert any floating charge created by this deed into a fixed charge as regards any of the Floating Charge Assets.

More Definitions of Floating Charge Assets

Floating Charge Assets means the assets of each Chargor from time to time expressed to be charged by this Deed by way of floating charge pursuant to Clause 3.4 (Floating Charge);

Floating Charge Assets means those assets of the Company from time to time subject to a floating charge pursuant to this Guarantee and Debenture;

Floating Charge Assets means, insofar only as concerns the floating charges created by clause 3.1 (Charging Clause), Assets for the time being comprised within such floating charge;

Floating Charge Assets means the assets of the Chargor from time to time expressed to be charged by this Deed by way of floating charge pursuant to Clause 3.4 (Floating Charge);

Floating Charge Assets acquired after Crystallisation: Except as otherwise stated in any notice given under clause 3.4 (Crystallisation of Floating Charge) or unless such notice relates to all Floating Charge Assets, Floating Charge Assets acquired by any Charging Company after crystallisation has occurred under clause 3.4 (Crystallisation of Floating Charge) or 3.5 (Automatic Crystallisation) shall continue subject to the floating charge created by clause 3.1(n) (Charging Clause), so that the crystallisation shall be effective only as to its Floating Charge Assets in existence at the date of crystallisation.

Floating Charge Assets any part or parts of the Charged Assets subject to the floating charges contained in Clause 3.3 or Clause 3.4;

Floating Charge Assets insofar only as concerns the floating charge created by clause 3.1(n) (Charging Clause), Assets for the time being comprised within such floating charge;