Persons entitled
- Wetherby Ii Securities 2018 Designated Activity Company
Brief description
1. lloyds bank PLC (the "cash deposit bank") charges by way of a first fixed charge in favour of wetherby ii securities 2018 designated activity company (the "issuer") all collateral securities and all related rights, and all collateral cash. "Collateral securities" are the securities from time to time recorded in and represented by the credit balance of a bank account maintained by bny mellon, london branch (the "custodian") for the account of the cash deposit bank. "Collateral cash" is the debt owed by the custodian to the cash deposit bank represented by the credit balance from time to time on the cash account. "Related rights" are (a) any distribution (other than a distribution of interest or any other custody income proceeds) paid or payable in relation to any collateral securities, and (b) any right, money or property accruing or offered at any time in relation to any collateral securities by way of redemption, substitution, exchange, bonus or preference, under option rights or otherwise, other than any other custody income proceeds. (See clause 2.2 of the attached agreement) 2. lloyds bank PLC assigns absolutely, subject to a proviso for re-assignment on redemption, all of its rights, title and interest in and under the custody agreement (including, without limitation, its rights to require the custodian to deliver securities or cash to lloyds bank PLC or to its order and its rights in and to the cash account and the securities account) to the issuer. The custody agreement is an agreement dated 28 december 2018 wherein lloyds bank PLC appoints bny mellon, london branch as custodian of the securities, cash, distribution and monies received for deposit for the account of lloyds bank PLC. (See clause 2.3 of the attached agreement).
Contains negative pledge.