Security & Collateral · glossary
A receiver of a company's whole business, acting for the floating-charge holder alone. No lender may appoint one under a floating charge created since September 2003 (section 72A of the Insolvency Act), and clause 9.3 repeats the bar. The Bank's routes are an administrator or an LPA receiver. Debenture §9.3 · Chapter 3 · Chapter 9
Explained in Chapter 3, Fixed and Floating, of Security & Collateral.
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