Floating Charge Agreement_浮动抵押合同英文版

CLIFFORDCHANCELLPEXECUTIONVERSIONDATED18AUGUST2008THEPARTIESLISTEDINSCHEDULE1asOriginalObligorsDEUTSCHETRUSTEECOMPANYLIMITEDasBorrowerSecurityTrusteeBAAFUNDINGLIMITEDasIssuerandDEUTSCHETRUSTEECOMPANYLIMITEDasBondTrusteeOBLIGORFLOATINGCHARGEAGREEMENTUK/1316732/12230913/70-20134892CONTENTSClausePage1.DefinitionsAndInterpretation.....................................................................22.LoanAndCovenantsToPay......................................................................23.OFCAFloatingSecurity...........................................................................24.AcknowledgementInFavourOfTheBondTrustee...........................................35.FurtherAssurance...................................................................................46.Undertaking..........................................................................................57.ReleaseOfSecurity.................................................................................58.Modification,WaiverAndConsent..............................................................59.CrystallisationOfOFCAFloatingSecurity.....................................................610.EnforceabilityOfSecurity.........................................................................711.AppointmentOfAdministrativeReceiver.......................................................812.PowersOfReceiver.................................................................................913.ApplicationOfEnforcementProceeds..........................................................1014.CostsAndIndemnity...............................................................................1115.InformationAndAccess...........................................................................1216.Successors...........................................................................................1217.Assignment..........................................................................................1218.ProtectionOfThirdParties.......................................................................1219.PowerOfAttorney.................................................................................1320.EffectivenessOfSecurity.........................................................................1521.SubsequentSecurityInterests.....................................................................1622.StampDuty..........................................................................................1623.ThirdPartyRights..................................................................................1624.Notices...............................................................................................1625.Counterparts.........................................................................................1626.Accession............................................................................................1627.GoverningLawAndJurisdiction................................................................17Schedule1OBLIGORS.................................................................................18Schedule2FORMOFOFCADEEDOFACCESSION...............................................19Schedule3RECEIPT...................................................................................22UK/1316732/12-1-230913/70-20134892THISOBLIGORFLOATINGCHARGEAGREEMENTismadeasaDEEDon18August2008BETWEEN(1)THEPARTIESLISTEDINSCHEDULE1(eachanObligorandtogethertheObligors);(2)DEUTSCHETRUSTEECOMPANYLIMITEDinitscapacityasborrowersecuritytrusteefortheBorrowerSecuredCreditors(theBorrowerSecurityTrusteewhichexpressionshallincludeallpersonsforthetimebeingthesecuritytrusteeorsecuritytrusteespursuanttotheSTID);(3)BAAFUNDINGLIMITEDalimitedcompanyincorporatedinJerseywithlimitedliabilityunderregisterednumber99529(theIssuer);and(4)DEUTSCHETRUSTEECOMPANYLIMITEDinitscapacityastrusteefortheBondholdersandfortheIssuerSecuredCreditors(theBondTrusteewhichexpressionshallincludeallpersonsforthetimebeingthetrusteeortrusteesoftheBondTrustDeedandtheIssuerDeedofCharge).INTRODUCTION(A)TheIssuerproposestoissueBondsontheInitialIssueDateandmayissuefurtherBondspursuanttotheProgramme.(B)Byaloanagreementdatedthedatehereof(theBorrowerLoanAgreement)between,interalios,theBorrowersandtheIssuer,LoansaretobemadeavailabletotheBorrowersonthetermssetouttherein,totheextentoftheissueproceedsoftheinitialBondsreferredtoinRecital(A)above.(C)TheproceedsraisedbytheIssuerthroughfurtherissuesofBondsmaybeon-lentbytheIssuertotheBorrowersbywayoffutureBorrowerLoanAgreements,thetermsofwhichwillbeagreedatsuchtime.(D)TheObligorshaveagreedtosecuretheBorrowers'obligationsinrespectoftheBorrowerLoansandanyobligationsowedtotheIssuerunderanyback-to-backhedgingarrangementsinplacefromtimetotimeinaccordancewiththeHedgingPolicybygrantingsecurityinfavouroftheIssuerunderthisAgreement.TheIssuershallassignthebenefitofsuchsecuritytotheBondTrusteepursuanttotheIssuerDeedofCharge.(E)TheIssuerhasagreedtomakedeferredloanstoallObligors(otherthantheBorrowers)inconsidera