Persons entitled
- Bank of Scotland PLC (The Senior Creditor)
Amount secured
All monies due or to become due from any group company to any other group company on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
By the deed the intragroup creditor agreed that if it receives any payment or distribution made in breach of clause 3.2 (permitted intragroup payments) of the deed it shall hold it on trust (and so charge) for the senior creditor and pay it immediately to the senior creditor (or as directed by the senior creditor) after deducting the costs liabilities expenses (if any) reasonably incurred in recovering or receiving that payment or distribution and pending that payment will hold those amounts on trust for the senior creditor see image for full details.