Persons entitled
- Lehman Brothers International (Europe)
Amount secured
All monies due or to become due from an obligor 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 company as a junior creditor has undertaken to the agent that if 1.1.1 any obligor 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 1.1.2 the company received all or any amount in cash or in kind of the junior liabilities in each case in contravention of clause 2 (subordination) 4 (undertakings) or clause 6 (permitted payments), the junior creditor concerned shall (1) hold the same upon trust for the agent for application in or towards payment of all the senior liabilities and will pay the agent. See the mortgage charge document for full details.