Persons entitled
- Close Brothers Limited (The Senior Creditor)
Amount secured
(1) all monies due or to become due from the borrower to the senior creditor on any account whatsoever (2) all monies due or to become due from the borrower to the company on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
So long as the senior debt is or may be or become outstanding the junior credit will: (a) (subject to clause 5 of the deed (subordination on insolvency)) not demand or receive payment of or any distribution in respect of or on account of, the junior debt from the borrower or any other source or apple any money or assets in discharged of the junior debts. See the mortgage charge document for full details.