Persons entitled
- In Favour of the Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd'sthe Trustees and the Beneficiaries (Subject Always to the Terms of the Trust Deed) the Premiumstrustees
Amount secured
In favour of the society incorporated by lloyd's act 1871 by the name of lloyd's (the "society"), the trustees and (subject always to the terms of the trust deed) the beneficiaries (subject always to the terms of the trust deed) the premiums trustees (subject always to the terms of the trust deed and of the premiums trust deed), all the underwriting obligations of equity red star limited ("the company") incurred by the company as an underwriting member of the society at any time before the termination date (being the 80TH anniversary of the date of the trust deed) including obligations to the society and the trustees (being the society and the other trustees for the time being of the trusts created by the trust deeds) and obligations arising under: (a) the bye laws, regulations, rules, directions or other requirements of the society; and (b) any deed, contract, instrument or other arrangement of any kind 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 moneys or other property after the date of the trust deed at any time paid or transferred to or under the direct of 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. "The trustees" means the society and the other trustees for the time being of the trusts created by the trust deed.