general floating charge definition

general floating charge means a floating charge created over the whole or substantially the whole of the property or assets of a company, and a security expressed to be created over the undertaking, or business, or the assets generally, of a company is a general floating charge;
general floating charge means (i) each Lien created or purported to be created under the documents listed in paragraphs [(r) to (s)] of the definition of Notes First Priority Collateral Documents and (ii) any other similar floating or non-fixed all asset Lien created under a Notes First Priority Collateral Document.
general floating charge means a floating charge over all of the assets of the Issuer and the General Operators (excluding any Excluded Subsidiary) under Bermuda law or other jurisdiction of incorporation (to the extent applicable under such applicable law), (i) including the rights of the Issuer or any of the General Operators (excluding any Excluded Subsidiary) to receive payment under any current or future loans to other Group Companies, but (ii) excluding any assets that are subject to separate security permitted under the 2L Bond Terms (including but not limited to the Cash Pool Pledges) and any and all claims within the Cash Pools as such.

Related to general floating charge

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

  • Parking Charge means the charge paid by drivers to leave a vehicle in a parking place;

  • Fixed Charge , in relation to a tenancy, means—

  • Monthly Recurring Charge refers to the sum that the Requesting Licensee shall pay for the service on a monthly basis computed from the beginning of the month as specified in Schedule 15;

  • RUNNING CHARGE PER KILOMETER means the rates payable against each KM run. and shall be deemed to include all the expenditures of the Transport Supplier viz., cost of fuel, tyre/tube, battery & consumables like lubricants etc. and other maintenance expenditures including accessories involved including GST element as applicable towards movement of the vehicle(s)/equipment.