Persons entitled
- Lloyd's the Trustees and the Beneficiaries
Amount secured
All the underwriting obligatons of the company as an underwriting member of the society at any time before the termination date(being the 80TH anniversary of the date of the trust deed) including obligations to lloyd's and the trustees (as defined) and obligations arising under the bye laws regulations rules directions or other requirements of the society and any deed contract instrument or other arrangement 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 of the said underwriting obligations in favour of the person giving such guarantee or other security
Short particulars
All future profits of the underwriting business of the company at lloyd's subject to any prior chargecontained in the premiums trust deed. See the mortgage charge document for full details.