Persons entitled
- Abn Amro Trustees Limited (The Security Agent)
Amount secured
All monies due or to become due from the company and the wuppertal borrower to the finance parties (or any of them) on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
The ultimate shareholder under the subordination agreement has undertaken to the security agent that if the company makes any payment in cash or in kind on account of, or for the purchase or other acquisition of, all or any part of the junior liabilities or any junior creditor receives all or any amount in cash or in kind of the junior liabilities by way of payment repayment set-off or in any other manner or on account of the enforcement of any security or payment under any guarantee for any of the junior liabilities in each case the junior creditor concerned shall hold the same upon trust for the security agent promptly pay an amount equal to that discharged or purported to be discharged to the security agent. See the mortgage charge document for full details.