Persons entitled
- The Governor and Company of the Bank of Scotland as Security Trustee for the Finance Parties
Amount secured
All monies due or to become due from the company to the finance parties on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
A finance party may set off any matured obligation due from an obligor under the finance documents (to the extent beneficially owned by that finance party) against any matured obligation owed by that finance party to that obligor, regardless of the place of payment, banking branch or currency of either obligation. If the obligations are in different currencies the finance party may convert either obligation at a market rate of exchange in it usual course of business for the purpose of the set-off.