Persons entitled
- Cle'met S.A.
Amount secured
All amounts due or capable of being due by the company and/or any of the other owning group companies (as defined in the extension of security agreement) to clemet S.A.,namely (I) a maximum amount of frf 2,800 million in respect of the ecsc letter of guarantee (as defined in the extension of security agreement), (ii) a maximum amount of £168 million in respect of the standby letter of guarantee (as defined in the extension of security agreement),(iii) a maximum amount of frf 3,593,940,000 and £546,921,200 in respect of the senior letter of guarantee (as defined in the extension of security agreement) and (iv) all costs and ancillary claims (including default interest) due under the second letter of instruction (as defined in the extension of security agreement)
Short particulars
The credit balances of accounts/nos.054 894 434 (rib 47 G.00010) opened with banque indosuez and 054 910 439 (rib 47 G.00010),both pursuant to a pledge of account agreement dated 15.2.94. see the mortgage charge document for full details.