Persons entitled
- Santander UK PLC
Brief description
Terms used here have the same meaning as those in the charge document.. 1. the company with full title guarantee, as a continuing security for the payment of all secured liabilities, charges in favour of the bank (as security trustee for the group members):. (A) by way of fixed charge:. (I) all right, title, estate and other interests of the company in each charged property not effectively mortgaged under 1(a) above (ii) the book debts (iii) all present and future goodwill and uncalled capital for the time being of the company; and (iv) all its rights in respect of each franchise agreement and all other agreements, instruments and rights relating to the charged assets, to the extent not effectively assigned under clause 3(d) below.. 2. the company with full title guarantee, as a continuing security for the payment of all secured liabilities, charges to the bank (as security trustee for the group members) by way of first priority assignment all of its right, title, estate and other interests in and to; (a) the rental income and the benefit to the company of all other rights and claims to which the company is now or may in the future become entitled in relation to the charged property including (but not limited to) all rights and claims of the company against all persons who are now or have been or may become lessees, sub-lessees, licensees or occupiers of any charged property and all guarantors and sureties for the obligations of such persons (b) the benefit of all guarantees, warranties and representations given or made by and any rights or remedies against all or any professional advisors now or at any time engaged by the company in relation to any charged property and the manufacturers, suppliers or installers of all plant, machinery, fixtures, fittings and other items now or from time to time under contract with or under a duty to the company and the benefit of all sums recovered in any proceedings against all or any of such persons; (c) the benefit of all property agreements, or the proceeds of any claim, award or judgment arising out of any property agreement and all sums paid or payable to the company under or in respect of any property agreement; and (d) the benefit of each franchise agreement and the benefit of all other agreements, instruments and rights relating to the charged assets, provided that nothing in this sub-clause 2 shall constitute the bank as a mortgagee in possession.. 3. the company with full title guarantee and as a continuing security for the payment and discharge of the secured liabilities charges in favour of the bank (as security trustee for the group members) by way of floating charge the whole of the company’s undertaking and all other property, assets and rights of the company whatsoever, wherever situate, whether movable, immovable, present or future, which are, for any reason, not validly charged or assigned pursuant to clauses 1 and 2 above.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.