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1. Crystallisation is the process by which a floating charge becomes fixed on particular assets. It occurs when the company defaults on its loan obligations or certain other specified events take place. 2. A floating charge can become crystallized either automatically upon the occurrence of specified events agreed in contract, or through actions taken by the creditor such as appointing a receiver. 3. Restrictive covenants, also known as negative pledge clauses, are commonly used to prevent the company f

Author

David Yew Jie Ming

Language

EN