Persons entitled
- Alliance & Leicester PLC
Amount secured
All monies due or to become due from boultbee (lancaster) limited to the subordinated lender on any account whatsoever
Short particulars
The subordinated lender receives any benefit, payment, distribution or security in cash or in kind in respect of, or on account of, the subordinated debt and will hold the relevant amount on trust for the lender and will immediately pay to the lender the amount so received by the subordinated lender for application against, or retention on account of, the senior debt. See the mortgage charge document for full details.