Persons entitled
- Rhein-Main No.11 (U.K.) Limited
Amount secured
All monies due or to become due from the company to the chargee in respect of its obligations: (1) to make payments under the defaulted receivables put option; (2) to make payments in respect of the repurchase price of receivables repurchased by reason of breach of any representation or warrany made in respect thereof; and (3) to make payments due from it in its capacity as administrator (the "secured obligations")
Short particulars
The company with full title guarantee (and to the intent that the secuirty so constituted shall be a continuing secuirty in favour of r-M11 (UK)) has charged in favour of r-M11(UK) for the payment and discharge of the secured obligations: (I) by way of first fixed charge, all its right, title, interest and benefit present and future in, under and in relation to the trust property; and (ii) by way of first fixed assignment, all its right, title, interest and benefit present and future in and to the lock box account and the standby lock box account and all sums of money which may now be or hereafter are from time to time standing to the credit of the lock box account and the standby lock box account.