Persons entitled
- Plan Finance Limited
Brief description
As continuing security for the payment of the secured liabilities the borrower with full title guarantee:. (A) charges to the lender by way of legal mortgage all freehold or leasehold property owned by the borrower at the date of this deed;. (B) charges to the lender by way of equitable mortgage its interest in any freehold or leasehold property acquired by the borrower after the date of this deed;. (C) charges to the lender by way of fixed charge its interest in:. (I) all existing and future fittings, plant, equipment, machinery, tools, vehicles, furniture and other tangible movable property;. (Ii) any investment;. (Iii) its existing and future goodwill and uncalled capital;. (Iv) the debts and all existing and future cash at bank;. (V) any intellectual property;. (Vi) any money now or at any time after the date of this deed standing to the credit of any designated account; and. (Vii) to the extent not otherwise subject to any fixed security in favour of the lender:. (A) any existing and future proceeds of any insurance of any charged property; and. (B) any sum now or at any time after the date of this deed received by the borrower as a result of any order of the court under sections 213, 214, 238, 239 or 244 of the insolvency act 1986;. (d) assigns to the lender by way of fixed charge its interest in and the benefit of all agreements for the supply of goods or services by the borrower entered into on or before the date of this deed and the benefit of any guarantee or security for the performance of any of such agreements or other documents provided that if any such agreement, other document, guarantee or security is expressed to be non-assignable then the borrower charges to the lender by way of fixed charge its interest in and the benefit of it.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.