Persons entitled
- Lloyds
Amount secured
A sum equal to the undischarged underwriting obligations incurred at any time by any connected company as an underwriting member of the society and including any obligation to the society and any undischarged obligation arising at any time under the bye laws regulations rules directions or other requirements of the society 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 such underwriting obligation in favour of the person giving such guarantee or other security
Short particulars
Right title interest and expentancy in & to the trust funds held at any time under any premiums trust deed the amounts received at any time after failure by a connected company to discharge a lloyds obligation by the company out of the premiums trust fund. See the mortgage charge document for full details.