Persons entitled
- Union Bank of Switzerland (As Security Trustee for the Beneficiaries)
Amount secured
All monies due or to become due from the company to the chargee under or pursuant to the facility documents (including the debenture) in respect of any such liabilities at stated maturity, by acceleration or otherwise (the "secured obligations") provided that no obligation, liability or sum shall be included in the foregoing covenant to the extent that, if it were so included , would, but for this proviso, cause such covenant or the security which would otherwise be constituted by the debenture for such liability or sum to constitute unlawful financial assistance prohibited by sections 151 and 152 of the companies act 1985.
Short particulars
The company as beneficial owner has charged in favour of the security trustee as security trustee for the beneficiaries with the payment and discharge of the secured obligations by way of first fixed charge (which so far as it relates to the properties is a charge by way of legal mortgage) each of the following, namely: (a) land - the real property; (b) tangible moveable property - all the tangible moveable property;. See the mortgage charge document for full details.