Persons entitled
- Close Brothers Limited
Brief description
Property means the estate and interest of each company in freehold and leasehold property wherever situate (ither than any heritable property in scotland) including all liens, charges, options, agreements, rights and interests in or over such property or the proceeds of sale of such property and all buildings and fixtures thereon and all rights, easements and privileges appurtenant to, or benefiting, the same and “properties” means all or any of the same as the context requires. Intellectual property means all patents (including applications, improvements, prolongations, extensions and right to apply therefor) designs (whether registered or unregistered) utility models, trade and business names, know-how, formulae, benefit of any licences or consents relating to any of the above) and all fees, royalties or other rights derived therefrom or incidental thereto in any part of the world.. As a continuing security for the payment of the secured monies and the discharge of the secured liabilities, the company with full title guarantee charges to the security trustee: (a) a legal mortgage on the properties (if any) specified in the schedule 4, (b) a legal mortgage on all properties (other than any properties specified in schedule 4) now owned by the company or in which the company has an interest, (c) a fixed charge on all of the following assets belonging to the company, whether in existence now or in the future: (I) the freehold and leasehold properties of the company not effectively mortgaged under clauses 3.1 (a) or (b) and all spare parts, replacements, modifications and additions for or to the same; (vii) all the company’s intellectual property.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.