Persons entitled
- Barclays Bank PLC
Amount secured
All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee on any account whatsoever but only in respect of monies advanced by the bank to the company in respect of the mortgaged property and shall not exceed the net proceeds of sale of the mortgaged property from time to time notwithstanding the provisions of the charge and including without prejudice to the generality of the foregoing and all sums covenanted to be paid or discharged under clause 1 and secured by way of a legal mortgage under clause 2 thereof. If the amount demanded by the bank in writing at any time shall exceed the net proceeds of sale of the mortgaged property the bank undertakes that upon receipt of the net proceeds of sale of the mortgaged property the bank will. A. discharge the legal charge and B. release the company from all liabilities and obligations in any way due owing or incurred by the company to the bank to the extent that the bank shall have no recourse to the company by any form of action for any shortfall of the net proceeds of sale of the mortgaged property against the amount demanded by the bank
Short particulars
76 walsall road four oaks sutton coldfield west midlands t/no:-WK1129356.