Persons entitled
- Mercedes-Benz Finance Limited
Amount secured
All monies due or to become due from the company to the chargee under the hire purchase agreements or lease agreements
Short particulars
By first fixed the following items of property. All the sub-lease agreements entered into at any time by the company with customers of the company relating to goods now or hereafter owned by the company but let by mbf to the company under hire purchase agreements or lease agreements (collectively "the credit agreements") entered into at any time between mbf and the company; the full benefit and advantage of the moneys payable under the sub-lease agreements; the benefit of all guarantees and indemnities taken by the company in connection with the sub-lease agreements; and the benefit of all insurance effected by the company or by the customer(s) of the company pursuant to the terms of the sub-lease agreements in respect of the goods comprised therin. The company shall not without the prior consent in writing of mbf create or permit to come into being any assignment, mortgage, charge or lien in respect of the property or to sell the property.