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WORLD GROUP OF COMPANIES LIMITED

Company number 03020146

Assignment of contract

Created
21 May 1996
Delivered
7 June 1996
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Bhc International Television, Inc.

Amount secured

The obligation of the company upon the exercise of the option granted under the option agreement to pay to the chargee the amount paid by the chargee to the company on the subscription for us$7,500,000 12 percent loan notes due 2002 constituted by a loan note instrument executed by the company and dated 20TH may 1996 ("the option securities") less any payments made to the chargee by reason of a breach of the representations and warranties set out in clause 3.1 and schedule 1 of a subscription agreement dated 20TH may 1996 plus any accrued and unpaid interest on such amounts down to the completion of the sale and purchase of the option securities and all out-of-pocket expenses

Short particulars

All rights benefits and privileges under insurance policy number 77 775 232 issued by the prudential insurance company of america (the contract).. See the mortgage charge document for full details.