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NLC NAME NO. 7 LIMITED

Company number 03102273

Charge in the terms of the lloyd's kentucky trust deed (the "trust deed") effective from 1ST january 1996 itself constituted by an instrument dated 23RD february 1996

Created
23 February 1996
Delivered
11 March 1996
Status
Satisfied on 14 September 2020
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • The Trustee, Lloyd's, the Agent, All Policy Holders and Certain Other Persons or Bodies(As Further Defined on Form M395)

Amount secured

The payment of losses (including claims for the return of unearned premium) under contracts or policies of insurance incepting on or after 1 january 1996 underwritten by the company as a member of syndicate no.1009 (The "syndicate") and allocable to the relevant year of account or in respect of which the company is liable as a member of the syndicate for the relevant year of account for an earlier year of account pursuant to any contract of reinsurance to close and issued to a policyholder pursuant to the insurance laws of the commonwealth of kentucky providing insurance with respect to property or risks situated in said commonwealth (a "kentucky policy"), all expenditures and fees of the trustee (as defined in the trust deed and being, as at the date thereof, national city bank, kentucky, U.S.A.), repayment of cash or securities advanced by the trustee to the trust held under the provisions of the trust deed, and certain transfers by the trustee to an overseas fund (as defined in the trust deed) or to the commissioner of insurance of the commonwealth of kentucky or other designated receiver, and for securing the other amounts and obligations referred to in the trust deed.

Short particulars

The principal at any time but excluding the investment income from time to time earned thereon (both capitalised terms having the meaning given thereto in kentucky revised statutes section 396.191, et seq., And the property in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee) at any time and held under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the relevant syndicate, and cash drawn down on any letter of credit at any time and held as an asset of the fund held under the provisions of the trust deed, and other property referred to in the trust deed.

Additional transactions filed against this charge

Additional transactions filed against this charge (PDF links open in a new window)
Type(of transaction) Delivered(to Companies House on this date) View / Download(PDF file, link opens in new window)
Satisfaction of a charge (MR04) 14 September 2020 View PDF for Satisfaction of a charge (MR04) (2 pages)