Persons entitled
- First Union National Bank
Amount secured
In favour of the chargee 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 23RD february 2000 or arising, under any loan document to which it is a party, provided that there shall be excluded from the foregoing any advance, debt, liabilitiy, obligation, indemnity, 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. fedral 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 precent or more of the total combined voting power 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 fixed equitable charge and assigned by way of security to the administrative agent for its benefit of the lenders 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 identified in schedule 1 to this form 395; all dividends distributions interest and other payments and rights with respect to any charged property;. See the mortgage charge document for full details.