Persons entitled
- Wurttembergische Hypothekenbank Aktiengesellschaft
Amount secured
50 per cent of (a) any quarterly amortisation amount payable by geranium properties limited or which geranium properties limited is bound to procure be paid into the escrow deposit account on each fixed portion interest payment date and which, at any relevant time has not been paid by geranium properties limited; and (b) the annual amortisation amount payable by geranium properties limited to wurttembergische hypothekenbank aktiengesellschaft on the second anniversary of the effective date (as defined in the facility agreement) and on each anniversary thereafter and which, at any relevant time has not been paid by geranium properties limited; in each case when and as the same shall become due in accordance with the terms and conditions of the facility agreement or in the case of (b) only on occurance of an event of default as defined in the facility agreement, if earlier.
Short particulars
All of the right title benefit and interest of the chargor in and to all monies standing from time to time to the credit of the deposit account of the chargor with the royal bank of scotland PLC. See the mortgage charge document for full details.