Persons entitled
- Kbc Bank N.V.
Amount secured
All monies due or to become due from terrace hill (eastbourne) nominee no 1 limited and terrace hill (eastbourne) nominee no 2 limited to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
In the event that prior to the payment and discharge in full of the senior indebtedness any payment or distribution or the benefit or proceeds thereof is received or recovered by the subordinated lender upon or with respect to the subordinated indebtedness or any part thereof then the subordinated lender will forthwith deliver the same to the senior lender for application against or retnetion on account of the senior indebtedness. See the mortgage charge document for full details.