Persons entitled
- Hsbc Bank PLC
Amount secured
All sums due and payable by the guarantor to the chargee under and pursuant to the guarantee and indemnity including without limitation an aggregate amount not exceeding $5,000,000.00 pursuant to a secured loan facility agreement dated 19 september 2001 as amended by a side letter dated 1 november 2001 (together the "agreement") and all other sums of any nature from time to time payable by the borrower to the bank pursuant to the security documents (as defined)
Short particulars
The right of set off contained at clause 12.1 of the guarantee and indemnity namely the right of the bank to set off against any credit balance from time to time standing on any account of the company; see form 395 for details.