Persons entitled
- General Electric Capital Corporationin Its Capacity as Administrative Agent for Thesecrued Parties (The "Administrative Agent")
Amount secured
In favour of general electric capital corporation, in its capacity as administrative agent for the secrued parties (the "administrative agent") any and all of the present or future, actual or contigent liabilities of saturn global network services holdings limited (the "chargor") to ipc funidng corp, and any successor, transfree or assignee as lender under any of the specified intercompany notes executed by any of the specified subsidiaries (as such terms are defined in the credit agreement (as defined below) (the "secured party") arising under the loan documents (as defined in the amended and restated credit agreement dated june 21, 1999 made between ipc information systems, inc., Ipc funding corp., Ipc communications, inc., And the lender parties thereto (the "credit agreement")) to which it is a party, whether in respect of principal, interest, fees, expenses or otherwise (the "secured obligations")
Short particulars
By way of first fixed charge all of each chargor's right title and interest in and to:- all stocks shares or other securities rights monies or other property accruing offered or issued at any time by way of bonus redemption exchange purchase substitution conversion preference option or otherwise in respect of the shares or any other derivative asset (the "derivative assets"); and all dividends interest and other income at any time deriving from the shares.. See the mortgage charge document for full details.