Assets ceased/released
Part of the property or undertaking has been released from the charge
Persons entitled
- Lloyds Bank PLC
Amount secured
All monies due or to become due from the paternoster consortium limited to the chargee pursuant to a facility letter dated 4 feb 86.
Short particulars
In the event of a liquidation of the paternoster consortium LTD making arrangement in favour of creditors, any sums received by the company in repayment of its holding of floating rate subordintaed unsecured loan stock 1991 of the paternoster consortium LTD or any interest thereon or from any security which the company may then hold in respect thereof.