Floating Lien definition

Floating Lien means that certain floating charge given by Sterimedix in favor of National Westminster Bank, PLC on all of Sterimedix’ personal property.
View Source
Floating Lien means that certain floating charge given by the Target in favor of National Westminster Bank, PLC on all of Target’s personal property, (II) “Floating Lien Limit” means up to £500,000.00 in the aggregate outstanding at any time, and (III) “Floating Lien Liabilities” means credit card exposure, foreign exchange exposure, daily settlement exposure and check clearing exposure with National Westminster Bank, PLC. Promptly, but in any event, on or before December 16, 2014, the Borrower shall provide to Lender executed copies of all material Transaction Documents.
View Source
Floating Lien means the Floating Lien Pledge Agreement (contrato de prenda sin transmision de posesion) dated as of the date of the Construction Agency Agreement, entered into by and between Company, as pledgor, and Owner, as pledgee.
View Source

Examples of Floating Lien in a sentence

  • If, prior to the date of this Agreement, the Borrower and the Bank have entered into an Agreement for Advances and Security Agreement with Blanket Floating Lien (as amended) or an Advances, Specific Collateral Pledge and Security Agreement (each, a “Prior Agreement”), then this Agreement shall amend and restate the Prior Agreement in its entirety as the date hereof.

  • A copy of the First Priority Floating Lien Pledge Agreement is attached as Exhibit “A” hereto.

  • Amendment in English and Spanish, in form and substance reasonably acceptable to the Administrative Agent, to the Floating Lien Pledge Agreement dated as of July 7, 2014 by and among McDermott Marine México, S.A. de C.V. and Crédit Agricole Corporate and Investment Bank as Collateral Agent.

  • If, prior to the date of this Agreement, the Borrower and the Bank have entered into an Agreement for Advances and Security Agreement with Blanket Floating Lien (as amended) or an Advances, Specific Collateral Pledge and Security Agreement (each, a "Prior Agreement"), then this Agreement shall amend and restate the Prior Agreement in its entirety as the date hereof.

  • Gold Bank–FL and Bank entered into that certain Agreement for Advances and Security Agreement with Blanket Floating Lien, dated as of December 21, 1994, between Gold Bank–FL (then named American Bank of Bradenton) and Bank, as amended by Addendum to "Agreement for Advances and Security Agreement with Blanket Floating Lien" dated December 2, 1996 (collectively, the "Advances and Security Agreement") and.

  • Amendment in English and Spanish to the Floating Lien Pledge Agreement dated as of July 7, 2014 by and among J.

  • Amendment in English and Spanish to the Floating Lien Pledge Agreement dated as of July 7, 2014 by and among McDermott Marine México, S.A. de C.V. and the Collateral Agent.

  • E▇▇▇▇▇▇▇▇ ▇▇▇▇ Notary Public in and for the State of: Florida (NOTARY PUBLIC’S SEAL ) My commission expires: [SEAL] MEMBER and BANK, as those terms are defined in the Agreement for Advances and Security Agreement with Blanket Floating Lien (“Agreement”) dated as of October 1, 2002, between the Member and the Bank, desire to modify the Agreement to supplement the means by which the Member may provide security to the Bank.

  • If, prior to the date of this Agreement, the Borrower and the Bank have entered into an Agreement for Advances and Security Agreement with Blanket Floating Lien (as amended), an Advances, Specific Collateral Pledge and Security Agreement or an Advances and Security Agreement (each, a “Prior Agreement”), then this Agreement shall amend and restate the Prior Agreement in its entirety as the date hereof.

  • Amendment in English and Spanish, in form and substance reasonably acceptable to the Administrative Agent, to the Floating Lien Pledge Agreement dated as of July 7, 2014 by and among J.

Related to Floating Lien

  • Existing Lien shall have the meaning assigned to such term in Section 6.02(c).

  • DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).

  • Floating Rate Obligation Any Collateral Obligation that bears a floating rate of interest.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Existing Liens means Liens on the property or assets of the Company and/or any of its Subsidiaries existing on the date of this Indenture securing Indebtedness of the Company or any of its Subsidiaries (other than Liens incurred pursuant to clause (1) of Section 4.07 hereof).