Persons entitled
- The Chase Manhattan Bank
Amount secured
All monies due or to become due from 1 apparel,inc.(a delaware corporation) and maska U.S.,inc.(a vermont corporation)(together "the borrowers") to the chase manhattan bank for itself and as agent for the lenders (as defined) under the credit agreement dated 1 april 1997,any letters of credit issued by the agent,the charge over shares and all other obligations of the grantor and the guarantors under the credit agreement and other loan documentation entered into in connection with the credit agreement
Short particulars
Grantor charges unto and grants to the agent a security interest in all the grantor's right,title and interest in and to:the 200,000 ordinary shares of £1 each in the issued share capital of the company and any additional shares of,and all securities convertible into and warrants,options and other rights in purchase or acquire capital stock of the company and all additional shares and securities pledged in the future. See the mortgage charge document for full details.