Persons entitled
- Investec Bank (Mauritius) Limited and Kbc Bank N.V. - Global Trade Finance Group
Amount secured
The obligations due or to become due from the company to the chargee under a facility agreement dated 1ST september 1999 (as amended from time to time) for the sum of us$ 25,000,000 (of which sum us$ 15,000,000 is presently outstanding) and a further sum of us$ 3,000,000 which may be lent in the future ("the facility agreement"); the obligations of the company under a new facility agreement of even date (as amended from time to time) for the sum of us$ 21,500,000 subject to the terms and conditions of the new facility agreement ("t"e new facility agreement") and the obligations of the company under the security documents (as defined)
Short particulars
The current account specified in the schedule to the second bank account charge into which the proceeds of sale of all diamonds from namssoi will be deposited. See the mortgage charge document for full details.