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 interests in any heritable freehold or leasehold land (land) vested in or charged to the company, all fixtures and fittings attached to that land and all rents receivable from any lease granted out of that land;. (Ii) all plant and machinery, including any associated warranties and maintenance contracts;. (Iii) all the goodwill of the company's business;. (Iv) any uncalled capital;. (V) all stock, shares and other securities held by the company at any time in any subsidiary and all income and rights relating to those stocks, shares and securities;. (Vi) all intellectual property, licences, claims, insurance policies, proceeds of any insurance and any other legal rights;. (Vii) the benefit of any hedging arrangements, futures transactions or treasury instruments;. 2 by way of floating charge all the other property assets and rights of the company owned now or in the future which are not subject to an effective fixed charge under the debenture or any other security held by rbsif.. Note 1: the debenture contains covenants by the company that the company will not without rbsif's consent:-. (A) permit or create any mortgage, standard security, charge or lien on the property;. (B) dispose of the property of the company, owned now or in the future, charged by way of fixed charge;. (C) dispose of the property, other than in the ordinary course of business, charged by way of floating charge;. (D) call on, or accept payment of, any uncalled capital;. (E) deal with its book and other debts, except by collecting them in the ordinary course of its business. In particular, the company will not realise its book or other debts by means of invoice discounting or factoring arrangements.. (F) grant, or accept a surrender of, any lease or licence of any of its land or consent to a tenant assigning or sub letting;. (G) dispose of, part with or share possession or occupation of any of its land.. Note 2: the debenture gives rbsif power to appoint an administrator.. Notification of addition to or amendment of charge.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.