Persons entitled
- J Sainsbury PLC
- Marks and Spencer P.L.C.
Amount secured
The full and complete implementation by each of braehead park investments limited and braehead park retail limited of their respective and joint obligations and others undertaken by braehead park investments limited and braehead park retail limited in terms of the development agreement entered into between braehead park investments limited (therein named marks and spencer (braehead) limited), braehead park retail limited (therein named j sainsbury (braehead) investments limited) and capital shopping centres PLC (hereinafter refferred to as "csc"), of the first part and marks and spencer P.L.C. and j sainsbury PLC of the second part dated 12TH of june 1995 as amended by (I) deed of variation among the same parties dated 26TH april 1996 and (ii) deed of variation thereto among the same parties dated 14TH december 1998 and subsequent date or dates hereinafter referred to as "the development agreement" (which definition shall include any written variations thereto agreed by all the parties) or the achievement by any successor of braehead park investments limited and braehead park retail limited of the centre opening date by the long stop date on the same terms mutatis mutandis as provided in the development agreement; and (ii) the full and complete implementation by csc of its obligations to marks and spencer P.L.C. and j sainsbury PLC under the development agreement guaranteeing achievement of the centre opening date by the long stop date; and (iii) the sums referred to in a variation (six) (b) of the standard security: which reads:- for the avoidance of doubt, the whole costs properly inccured by marks and spencer P.L.C. and j sainsbury PLC! In exercising their! Rights under standard condition 10 (as varied by variation (six) (a) hereof) (including without prejudice to the foregoing generality the whole construction costs incurred by marks and spencer P.L.C. and j sainsbury PLC! In carrying out of the works should marks and spencer P.L.C. and j sainsbury PLC! Elect to do so) constitute sums secured by this standard security.
Short particulars
The subjects registered in the land register of scotland under title ren 275.. see the mortgage charge document for full details.