Persons entitled
- British Arab Commercial Bank Limited
Amount secured
All monies due or to become due from the company to the chargee under the terms of this deed of assignment
Short particulars
The company as beneficial owner assigned to the bank absolutely all the right title benefit and interest of the company whatsoever present and future under or arising out of or in respect of:- (I) all leasing agreements entered into by the company as owner, particulars of which are set out in part iii of the schedule attached to the form 395 and originals of which are deposited by the company with the bank ("the deposited agreements"); and (ii) all securities from time to time held by the company from lessees under the deposited agreements in respect of their obligations thereunder and all moneys from time to time becoming payable under and the full benefit of all guarantees or indemnities then or thereafter held by the company in respect of the deposited agreements (hereinafter called "the securities").. See the mortgage charge document for full details.