Persons entitled
- Union Bank of India (UK) Limited
Brief description
Debenture by the chargor in favour of the lender charging the followings:. A) fixed security. As a continuing security for the payment and discharge of the secured liabilities, the chargor with full title guarantee charges to the lender by way of fixed charge over:. (A) all that freehold property situated at :. I) firstly, all that piece of land situate on the north east side of mill road, steying in the county of sussex and contained in or referred to in a conveyance deed dated 06 august 1959 and made between alastair john robertson-aikman of the first part, the reverend geoffrey edward simmsreeve and james tempest bouskell of the second part and the scale model equipment company limited; and. Ii) secondly, all that piece of land situate on the west side of charlton street, steying in the county of sussex and contained in or referred to in a conveyance deed dated 17 april 1967 and made between edwin merton holmes and eileen holmes of the one part and sme limited of the other part.. B) all properties acquired by the chargor in the future;. (C) all present and future interests of the chargor not effectively mortgaged or charged under the preceding provisions of this clause 3 in, or over, freehold or leasehold property;. (D) all tangible moveable property;. (E) all the equipment;. (F) all the intellectual property;. (G) all the book debts;. (H) all the investments (including the shares);. (I) all present and future rights, licences, guarantees, rents, deposits, contracts, covenants and warranties relating to the properties;. (J) all licences, consents and authorisations (statutory or otherwise) held or required in connection with the chargor's business or the use of any charged assets, and all rights in connection with them;. (K) all present and future goodwill and rights in relation to uncalled capital for the time being of the chargor;. (L) all monies from time to time standing to the credit of its accounts with any bank, financial institution or other person (including each designated account); and. (M) all its rights to recover any vat on any supplies made to it relating to the charged assets and any sums so recovered.. B) assignments. As a continuing security for the payment and discharge of the secured liabilities, the chargor with full title guarantee assigns to the lender absolutely all the chargor’s rights, title and interest from time to time in and to each of the following assets:. (A) the proceeds of any insurance policies;. (B) the assigned agreements and the benefit of any guarantee or security for the performance of the assigned agreements; and. (C) all right, title and interest to which the chargor is now or may in the future become entitled in respect of proceeds of any order of the court made pursuant to sections 238(3), 239(3), 242, 243, 222 or 423(2) of the insolvency act 1986.. c) floating charge. I) the chargor with full title guarantee charges to the lender by way of floating charge all present and future undertaking, property, assets and rights of the chargor. As mentioned in the debenture.
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.