Persons entitled
- Lloyd's (As Trustee for the Beneficiairies)
Amount secured
All the underwriting obligations of the company as an underwriting member of the society (lloyd's) at any time before the termination date (being the 80TH anniversary of the date of the trust deed) including obligations to lloyd's and the trustees (as defined) and obligations arising under the bye laws regulations, rules, directions or other requirements of the society, any deed contract instrument or other arrangement approved by the society but not including obligations arising in respect of any letter of credit, guarantee or other security given to secure the performance of any of the said underwriting obligations in favour of the person giving such guarantee or other security
Short particulars
All future profits of the underwriting business of the company at lloyd's, subject to any prior charge contained in the premiums trust deed. All moneys or other property after the date of the trust deed at any time paid or transferred to or under the direct or indirect control of the trustees upon the trusts of the trust deed and all accumulations of income and the investments and other property after the date of the trust deed for the time being representing the same (for full details see form 395).