Persons entitled
- Dunbar Bank PLC (The Senior Lender)
Amount secured
All monies due or to become due from watersfield developments (trumpers lane) limited to the chargee under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
If at any time prior to the end of subordination period:- (a) any person makes any payment or distribution in cash or in kind in respect of any of the subordinated sums (b) any person makes any payment or distribution in cash or in kind in respect of the purchase or other acquisition of any of the subordinated sums; or (c) any of the subordinated sums is discharged by set-off; each subordinated person will hold any such payment on trust for the senior lender. See the mortgage charge document for full details.