Persons entitled
- Nationwide Building Society,as Agent and Trustee for the Finance Parties
Amount secured
All obligations and liabilities whatsoever due or to become due by an obligor or by some other person of each obligor to the finance parties (or any of them) under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
The company as a junior creditor under the subordination agreement undertakes to the agent that if any obligor makes any payment in cash or in kind on account of,or for the purchase or acquisition of,all or any part of the junior liabilities by way of payment,set-off under any guarantee,in each case,the company will hold the same upon trust for the agent; see form 395 for details. See the mortgage charge document for full details.