Persons entitled
- Mable Commercial Funding Limited as Lender Under and as Defined in Thecredit Agreement
Amount secured
All present and future sums liabilities and obligations payable or owing by the borrower and/or any of the security providers to the subordinated lenders (all terms as defined)
Short particulars
Turnover the company shall: (if the company actually receives the amount discharged or purported to be discharged) immediately pay it (up to a maximum of an amount equal to the liabilities) to the lender for application towards the liabilities and pending payment hold it (up to that maximum) on trust for the lender or (if the company does not as a result of discharge by set-off or otherwise, actually receive the amount discharged or purported to be discharged or for any reason that the trust referred to above is invalid or unenforceable) pay to the lender an amount equal to that discharged or purported to be discharged.