Persons entitled
- Handelsbanken PLC
Brief description
(A) the depositor has agreed to deposit with the bank at its office at 66 queen square, bristol, BS1 4JP the sum of £500,000.00. such sum and all other sums from time to time standing to depositor's credit on the depositor's account number 15156540 with the bristol queen square branch of the bank or any deposit account with the bank, whether at the same or at any other of the bank's offices, whether in the same or in any other currency and whether in addition to or by way of renewal of or replacement for any sums previously deposited with the bank by the depositor or otherwise, together in each case with any interest from time to time accruing in respect thereof and all amounts deriving therefrom whether directly or indirectly are hereinafter referred to as the "deposit".. (B) it is a fundamental term arising upon the deposit with the bank of each amount which is to constitute part of the deposit that no part of the amount t so deposited or any other part of the deposit shall be payable by the bank, unless the bank otherwise agrees in writing, until all indebtednesses, liabilities and obligations referred to in clause 2 hereof (together, the " liabilities") shall be duly paid or discharged and the bank shall not be subject to any obligation which may lead to the depositor incurring any further indebtedness, liability or obligation to the bank (a "bank obligation").. (C) upon receipt by the bank of the full amount of the liabilities the bank shall (if it is not subject to any bank obligation and subject to clause 15 hereof) repay the deposit in accordance with its terms following demand by the depositor.. (D) the deposit with full title guarantee and as a continuing security for the payment and discharge of all liabilities hereby charges in favour of the bank by way of first fixed charge the deposit and each and every debt represented by the deposit.
Contains negative pledge.