Under Texas utility regulations, Houston Lighting & AMP; Power's electric rates included a fixed charge to cover the cost of natural gas used to generate electricity.
42.
The first two characteristics are typical of a floating charge but they are not distinctive of it, since they are not necessarily inconsistent with a fixed charge.
43.
Most legislation relating to voidable floating charges is also expressed to apply to charges which, as created, were floating charges but which subsequently crystallised into fixed charges.
44.
To constitute a charge on book debts a fixed charge, it is sufficient to prohibit the company from realising the debts itself, whether by assignment or collection.
45.
Firstly, the secured creditor can crystallise the charge, and then sell off any assets that the charge then attaches to as if the charge was a fixed charge.
46.
A floating charge, in order for its value to be ascertained, must have " crystallised " into a fixed charge on some particular date, usually set by agreement.
47.
While up from 1 . 07 times fixed charges in 1994, Goldman's earnings are far below the 1 . 36 times in 1993, the record year for earnings.
48.
He explained that the abolition of the fixed charges based on the price of property being transacted had made it difficult for the law firm to meet costs.
49.
Beyond the traditional, full-service brokerage firms, a number of companies now offer their services at a variety of commission levels, fixed charges or some combination of the two.
50.
The 50 billion-franc ( dlrs 10 billion ) in job-creating measures are aimed at encouraging small and medium-sized companies to hire workers by reducing fixed charges on low salaries.
