Persons entitled
- Santander UK PLC
Brief description
Terms used here have the same meaning as those in the charge document.. 1. the company charges to the lender, as a continuing security for the payment and discharge of the secured liabilities, the follow assets, both present and future;. (A) by way of legal mortgage, the leasehold land at flat 3, 44-46 borough road, london registered at the land registry under title no. TGL359016, flat 11, 44-46 borough road, london registered at the land registry under title no. TGL359017 and flat 19, 44-46 borough road, london registered at the land registry under title no. TGL359019.. (B) and by way of fixed charge:. (I) the benefit of all agreements to the above property to which it is or may become a party or otherwise entitled;. (Ii) its rights under the appointment of any managing agent of any of the properties;. (Iii) all its rights, title and interest in the insurances;. (Iv) the benefit of all authorisations held in connection with the use of any charged assets or any business operated on or from any property and the right to recover and receive all compensation which may be payable to it in respect of such authorisations or the charged assets; and. (V) if and in so far as any assignment in clause 3.2 (assignment) shall for any reason be ineffective as an assignment, the assets referred to in that clause.. 2. the company assigns to the lender absolutely as a continuing security for the payment and discharge of the secured liabilities all its rights, title and interest both present and future in and to the rental income and all the company’s other rights, title interest under each occupational lease. On the unconditional and irrevocable payment and discharge in full of the secured liabilities, the lender will, at the request and cost of the company, reassign the charged assets referred to in clause 3.2 of the legal mortgage or as it may direct.
Contains fixed charge.
Contains negative pledge.