Persons entitled
- Fleet National Bank (As Trustee for the Secured Creditors Pursuant to the Security Trust Deed)
Amount secured
All monies due or to become due from the company formerly known as gec avery limited to the secured creditors under or inconnection with any loan document or specified hedge agreement to a maximum of two hundred thousand pounds sterling, bearing interest as set out in the security document (as defined)
Short particulars
The company hypothecates the property as security for the payment and discharge for the liabilities in favour of the security agent to a maximum of two hundred thousand pounds (£200,000) sterling, bearing interest as set out in the security document, the company covenants to assign to the security agent on demand the right to receive any money arising from any source in relation to the property, save for the leases of the property that exist as at 16TH june 2000, not without the prior written consent of the security agent, not to cause or allow any other security mortgage charge encumbrance or option to arise or be created affecting the property nor cause or allow any adverse right interest or claim to arise or to be created affecting the property without the prior consent of the security agent.. See the mortgage charge document for full details.