Persons entitled
- Credit Lyonnais (As Agent and Trustee for Itself, the Issuing Bank and Each Lender)
Amount secured
In favour of the chargee all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally as principal debtor or guarantor or in any other capacity whatsoever) of: (a) gcl to the issuing bank and the revolving credit lenders on account of the foreign letters of credit issued on gcl's behalf and the foreign subsidiary obligations of gcl; and (b) each other loan party to the agent under each of the loan documents to which each such other loan party is a party, in each case together with all costs, charges and expenses incurred by the agent, the issuing bank or any lenders in connection with the protection, preservation or enforcement of its respective rights under the loan documents, provided that no obligation or liability shall be included in the definition of "secured liabilities" to the extent that, if it were so included, the debenture (or any part thereof) would constitute unlawfull financial assistance with the meaing of sections 151 and 152 of the companies act 1985
Short particulars
By way of first legal mortgage premises at brookers road billinghurst west sussex RH14 9SA together with all buildings and fixtures thereon, the proceeds of sale of all or any part thereof and the benefit of any covenants for title given or entered into by any predecessor in title of gcl and any moneys paid or payable in respect of such covenants; .. fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.