Persons entitled
- First Union National Bank
Amount secured
All advances,debts,liabilities,indemnities,U.K.obligations,covenants and duties which are owing by the company or any U.K.obligor to any lender,whether direct or indirect (including those acquired by assignment),absolute or contingent,due or to become due,arising on or after 15 june 2000 or arising,under any loan document,provided that there shall be excluded from the foregoing any advance,debt,liability,obligation,covenant or duty which would,but for this proviso,cause the security which would otherwise be constituted by the charge and memorandum to constitute security provided by a "controlled foreign corporation" for U.S.federal income tax purposes of the obligations of any U.S.entity which is either (a) a "united states shareholder" of the depositor,within the meaning of section 951(b) of the code,or (b) a corporation,25 percent or more of the total combined voting power of which is owned (directly,indirectly or constructively) by one or more united states shareholders of the depositor in the aggregate (the "secured obligations")
Short particulars
By way of first equitable charge and assigned by way of security to the administrative agent,for its benefit and the benefit of the lenders,with full title guarantee,all of its rights,title and interest in and to the following (the "collateral"): all issued and outstanding shares of capital securities of each charged share issuer in schedule 1 to this form 395; all other charged shares issued from time to time; all other charged property; all dividends,distributions,interest, and other payments; all proceeds of any of the foregoing.. See the mortgage charge document for full details.