Persons entitled
- Mortgage Agency Services Number Two Limited
Amount secured
The obligation owing to the chargee by the company under the mortgage sale agreement, (as defined) that, in the event that the relevant reconciliation amount in relation to any portfolio is a negative number, the chargor shall pay topurchaser that relevant reconciliation amount under clause 6.2 of the mortgage sale agreement; provided that if at any time the parties are in dispute as to whether such relevant reconciliation amount is a positive or negative number such amount shall be deemed to be a negative number for the purposes of the deed of charge until such dispute is resolved in accordance with clause 6.3 of the mortgage sale agreement
Short particulars
By way of first fixed charge all of its right, title and interest in and to the deposit (" deposit" means the credit balance from time to time on the relevant escrow account). See the mortgage charge document for full details.