Persons entitled
- British Arab Commercial Bank Limited
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever
Short particulars
Under clause 2 of the deed of assignment dated 16TH october 1997 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 all leasing agreements entered into by the company as owner,particulars of which are set out in part 3 of this schedule and the originals of which are deposited by the company with the bank("the deposit agreements") and 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.please refer to form 395 for further information. See the mortgage charge document for full details.