Persons entitled
- Rbs Invoice Finance Limited
Brief description
By way of fixed charge the following property of the company owned now or in the future:-. (I) all fixed charge debts; and. (Ii) the related rights of all fixed charge debts.. Note: the charge contains covenants by the company that the company will not without the rbsif's consent:-. (A) permit or create any mortgage, charge or lien on the property; and. (B) dispose of the property charged by clause 1 of the charge.. Definitions:. "Company's obligations" - all the company's liabilities to rbsif of any kind and in any currency (whether present or future actual or contingent and whether incurred alone or jointly with another) together with rbsif's charges and commission interest and expenses. "Debt purchase agreement" - any debt purchase facility between rbsif and the company. "Debts" - has the meaning given to that expression in any debt purchase agreement. "Expenses" - all expenses (on a full indemnity basis) incurred by rbsif or any receiver at any time in connection with the property or the company's obligations or in taking or perfecting this deed or in preserving defending or enforcing the security created by this deed or in exercising any power under this deed or otherwise with interest from the date they are incurred. "Fixed charge debts" - all debts which fail to vest in rbsif under any debt purchase agreement. "Interest" - interest at the same rate as the discounting charge charged to the company by rbsif from time to time. "Property" - the whole and any part of the undertaking property and assets of the company charged by clause 1 of the charge. "Related rights" - has the meaning given to that expression in any debt purchase agreement. Notification of addition to or amendment of charge.
Contains fixed charge.