Persons entitled
- Arbuthnot Commercial Asset Based Lending Limited
Brief description
The chargor, as continuing security for the payment, discharge and performance of all the secured liabilities in relation to all of the following assets whether now or in future belonging to the chargor hereby, in each case with full title guarantee:. (A) charges to arbuthnot by way of legal mortgage all of the chattels detailed in schedule 1;. (b) charges (to the extent not validly or effectively charged by way of legal mortgage under clause (a) or assigned under clause (c) to arbuthnot by way of fixed charges the assets detailed in schedule 3;. (c) assigns and agrees to assign by way of security to arbuthnot all its rights, title and interest in and to:. (I) the benefit of all other contracts, guarantees, appointments, warranties relating to the chattels and all other documents to which the chargor is a party, which are in its favour or of which it has the benefit (including, in each case, but without limitation, the right to demand and receive all monies payable whatsoever to or for its benefit under or arising from any of them, all remedies provided for in any of them or available at law or in equity in relation to any of them, the right to compel performance of any of them and all other rights, interests and benefits whatsoever accruing to or for its benefit arising from any of them) to the extent not effectively assigned under any other provision of this deed;. (Ii) all licences, consents and authorisations (statutory or otherwise) held or required in connection with the chattels; and. (Iii) the benefits arising under the insurances.. Chattels means: the equipment, plant, machinery, tools, vehicles, furniture, fittings, installations and apparatus, goods, chattels or other tangible movable property described in schedule 1 (including any component parts of those assets from time to time held by the chargor (whether or not attached to those assets)), together with all additions, alterations, substitutions, replacements, renewals or modifications of or to those assets from time to time, and all accessories to those assets from time to time (including maintenance and other records, manuals, handbooks, data, drawings and schematics relating to those assets or documents relating to warranties and patent indemnities given by manufacturers or suppliers of those assets). The chattel as described in schedule 1 is: hedelius tilenta magnum-1R-3600 machine centre, serial number: 30074626.
Contains fixed charge.