Persons entitled
- Midland Bank PLC
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever
Short particulars
First fixed charge on all book debts and other debts now and from time to time hereafter due owing or incurred to the company other than such of the said debts as the bank may have specifically agreed in writing to exclude from such first fixed charge but so that the company shall not except with the prior written consent of the bank deal with its book or otherdebts otherwise than in the ordinary course of getting in and realising the same which course shall not extend to the selling or assigning or in any way factoring or discounting the same. The company shall hold the proceeds of such getting in and realisation of the debts untill payment into the special account mentioned in the said charge upon trust for the bank.