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JARVIS RAIL LIMITED

Company number 02995419

Intercreditor agreement

Created
5 December 1997
Delivered
22 December 1997
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Newcourt Capital Inc.,as Agent for and on Behalf of the Finance Parties (In This Capacity the "Agent")

Amount secured

All present and future liabilities (actual or contingent) payable or owing by the company to any senior creditor (as defined) under or in connection with the finance documents (as defined) together with any refinancing,novation,refunding,deferral or extension of any of those liabilities;any further advances which may be made by a senior creditor to the company under any agreement expressed to be supplemental to any of the finance documents

Short particulars

If at any time prior to the senior debt discharge date:(a) the fm contractor receives a payment or distribution in cash or in kind of,or on account of,any of the junior liabilities not permitted by clause 6 (permitted payments) of the intercreditor agreement;(b) the company makes any payment or distribution in cash or in kind to the fm contractor on account of the purchase or other acquisition of any of the junior liabilities.. See the mortgage charge document for full details.