Persons entitled
- Union Bank of India (UK) LTD
Brief description
Debenture charge which shall mean and include first exclusive charge of the lender :. (I) by way of first floating charge over all the borrower’s right, title, benefit and interest in and to all goods including the stocks lying in storage for shipment;. (Ii) by way of first floating charge over all the borrower’s right, title and interest in and to all credit balances;. (Iii) by way of first floating charge over all receivables and all other present and future book debts and other debts and all moneys whatsoever, for the time being due, owing or payable to the borrower relating to or arising from any and all goods and goods agreements by any person whatsoever, and the benefit of any security interests and securities for the time being held by the borrower in respect of any such debts or moneys;. (Iv) by way of first fixed security over all contract rights;. (V) assignment by way of first fixed security over all present and future contract rights, receivables, book and other debts and monetary claims now or at any time hereafter due or owing to the borrower, together with the full benefit of all guarantees and securities therefore and indemnities in respect thereof and all collateral instruments, liens, reservations of title, rights of tracing and other rights enabling the company to enforce such contract rights, receivables, debts or claims;. (Vi) assignment by way of first fixed security all its right, title, benefit and interest under the letters of credit, and in respect of which the borrower has requested or may hereafter request to the lender to act or where the lender has acted as the collecting and/or negotiation bank, and the underlying contracts, together with the full benefit of all rights enabling the borrower to collect payment under the letters of credit; and. (Vii) pledges and surrenders of goods and all documents of title (including, without limitation, bills of lading), all shipping documents, transport documents, delivery orders, warehouse warrants, certificates or receipts and all other documents relating to the goods, and all other documents now or hereafter presented by the borrower to the lender as the collecting or negotiation bank.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.
Chargor acting as a bare trustee for the property.