Persons entitled
- Lloyd's (The Society)
Amount secured
(A) a sum equal to the undischarged underwriting obligations incurred at any time by any connected company as an underwriting memeber of the society and including any obligation to the society and any undischarged obligation arising at any time under: (I) the bye laws, regulations, rules, directions or other requirements of the society; (ii) any deed, contract, instrument or other arrangement of any kind approved by the society; but not including obligations arising in resepct of any letter of credit, guarantee or other security given to secure the performance of any such underwriting obligation in favour of the person giving such guarantee or other security (b) interest pursuant to clause 9.5 of the agreement and accruing from day to day at the rate of two % per annum or such other rate as the council may from time to time presecribe above the base rate from time to time of such london clearing bank as the society may select
Short particulars
The right title interest and expectancy in and to the trust funds held at any time under any premiums trust deed to which it is a party. See the mortgage charge document for full details.