Persons entitled
- Northern Rock PLC
Amount secured
All present and future liabilities of the borrower (as defined in the subordination deed) to the junior creditor,whether pursuant to the junior finance documents (as defined in the subordination deed),any inter-company loan or otherwise,in each case as principal or surety in whatever style or name including without limitation (a) liabilities which the junior creditors acquires by purchase,security assignment or otherwise,(b) interest,(c) damages,(d) claims for restitution and (e) costs ("the junior debt")
Short particulars
(A) if:(i) (save as mentioned in (ii) or in (b) if the junior creditor receives a payment or distribution in cash or in kind in respect of or account of any of the junior debt from the borrower or any other source;or (ii) the junior creditor receives the proceeds of any enforcement of any security interest conferred by the junior security documents or any security documents in favour of the junior creditor (other than with respect to the assets subject to the security documents (as defined in the subordination deed)) or payment under any guarantee for any or all of the junior debt.. See the mortgage charge document for full details.