Persons entitled
- Barclays Bank PLC
Amount secured
A security agreement created by the company in favour of barclays bank PLC as agent and trustee for the senior finance parties and the junior finance party for securing (i)the payment of all the "senior secured liabilities" (as defined in the deed) and (ii)the payment of all the "junior secured liabilities" (as defined in the deed) on any account whatsoever pursuant to the terms of each relevant finance document,as mentioned in the deed.
Short particulars
In consideration of being granted the facilities under the senior credit agreement,and pursuant to clause 22 (further assurances) of the guarantee and debenture dated 7TH june,1991 between the company and the security agent,the company as beneficial owner,as security for the payment of all secured liabilities agrees that the security agent (as agent and trustee as aforesaid) shall have possession of the certificates of title to all the shares together with all related rights thereto pursuant to the terms of the security agreement to the intent that the security agent will have a security interest extending to all the company's right,title and interest in and to the shares and all related rights thereto.