Persons entitled
- Absa Bank Limited, Acting Through Its London Branch as Arranger, as Agent and Security Trusteeof the Financial Institutions Listed in Schedule 1 of the Credit Agreement
Amount secured
All monies due or to become due from modern market retailing limited to the senior creditors on any account whatsoever
Short particulars
All and every benefit, payment, value, distribution or security in cash or in kind of, or on account of, any of the present and future obligations and liabilities (whether on account of principal, interest or other amount and whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the company to the subordinated creditor or any part thereof at any time during the period beginning on 1 october 2002 and ending on the date upon which all the senior liabilities have been unconditionally and irrevocably paid and discharged in full.