Persons entitled
- Banque Indosuez
Amount secured
(A) $15,000,000 united states dollars due or to become due from the company to the chargee pursuant to a loan agreement dated 25TH june, 1996 and (b) all other monies as are stated in the deed of covenants dated 1ST july 1996 made between the company and the chargee collateral to a first preferred bahamian statutory mortgage bearing even date therewith to be payable by the company to or recoverable from the company by the chargee or in respect of which the company agrees in the deed of covenants to indemnify the chargee whether actually or contingently, presently or in the future together with interest as provided in the loan agreement and the deed of covenants
Short particulars
The "assigned property" being the earnings, the insurances and the requisition compensation. See the mortgage charge document for full details.