Persons entitled
- Barclays Bank PLC
Amount secured
1. all amounts which at any time for any reason or circumstance in connection with any agreement, transaction, engagement, document, instrument (whether negotiable or not), event, act, ommission, matter or thing whatsoever; whether at law, in equity, under statue or otherwise; and whether or not of a type within the contemplation of the parties at the date of the mortgage: (a) are payable, are owing but not currently payable, are contingently owing, or remain unpaid, by telspec group company to barclays bank PLC on its own account or as trustee of any trust or to any person who is a beneficiary of such trust (together, the "beneficiaries"); or (b) have been advanced or paid by barclays bank PLC (on its own account or as trustee of any trust) or a beneficiary: (I) at the express or implied request of a telspec group company; (ii) on behalf of a telspec group company; or (c) barclays bank PLC (on its own account or as trustee of any trust) or a beneficiary is liable to pay by reason of any act or ommission of a telspec group company or has paid or advanced in the protection or maintenance of the secured property or the security interest created by the mortgage following an act or ommission by a telspec group company; or (d) are reasonably foreseeable as likely, after that time, to fall within any of the paragraphs (a), (b) or (c) above. 2. all interest, commission, fees, charges, costs and expenses which barclays bank PLC (on its own account or as trustee of any trust or a beneficiary may in the course of its business charge or incur in respect of the company or its afairs computed and compounded in accordance with the usual practice of barclays bank PLC or such beneficiary (after as well as before any demand or judgment)
Short particulars
The company (a) mortgaged to the bank all of its right title and interest in the present legally owned security and the present benefically owned security by way of equitable mortgage and (b) agreed to mortgage to the bank when aquired by the company all of the future security referred to in paragraph (a) of the definition of future secruity; and (c) agreed to mortgage to the bank form the time of a deposit made under clause 3.2 of all future security the subject of that deposit; and (d) agreed to mortgage to the bank, when aquired by the company, the new rights which arise after the date of the mortgage with respect to present legally owned security, present beneficially owned security or future security.. See the mortgage charge document for full details.