Persons entitled
- Duetsche Bank Ag (Security Trustee)
Amount secured
All monies due or to become due from the company to the subordinated creditor on any account whatsoever
Short particulars
If at any time before the bank discharge date, any person makes any payment or distribution in cash or in kind in respect of the subordinated debt, any person makes any payment or distribution in cash or in kind in respect of the purchase or other acquisition of the subordinated debt, any of the subordinated debt is discharged by set-off, the subordinated creditor will hold any such payment or distribution on trust for the security trustee. See the mortgage charge document for full details.