Persons entitled
- Capital Bank PLC
Amount secured
All monies due or to become due from the company to the chargee under the security documents (as defined in the assignment) or under any other agreement, arrangement or account
Short particulars
The company unconditionally assigns and agrees to assign to the bank all policies and contracts of insurance or such other arrangements by way of insurance which are from time to time taken out or entered into in respect of or in connection with the equipment (as defined in the assignment) pursuant to clause 5 of the mortgage (as defined in the assignment) and including all benefits thereof and all claims of whatsoever nature and return of premiums; and all compensation payable by reason of requisition for title or other compulsory acquisition of the equipment.