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UK POWER NETWORKS SERVICES (ENTERPRISES) LIMITED

Company number 02611182

Mortgage of shares and loan stock

Created
27 September 1996
Delivered
15 October 1996
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Prudential Trustee Company Limited as Trustee for the Secured Creditors

Amount secured

All monies due or to become due from the company to the chargee under each senior finance document and subordinated finance document to which the company is a party together with all costs, charges and expenses incurred by the security trustee and the senior creditors (or any of them) in connection with the protection, preservation or enforcement of its respective rights under the security documents except for any obligation which,if it were so included,would result in contravening section 151 of the companies 1985 was registered pursuant to chapter 1 part xii of the companies act 1985 on the 15TH october 1996.

Short particulars

By way of first legal mortgage with full title guarantee the shares, sponsor loan stock and all related rights, each chargor has undertaken to the security trustee in the shares mortgage not to pledge or otherwise encumber any security assets, each chargor undertakes to the security trustee that it will not assign, sell, transfer or otherwise dispose of the whole or any part of the security assets except: (I) to the security trustee;. See the mortgage charge document for full details.