Persons entitled
- Bicc Developments Limited
Amount secured
All of the "secured obligations" due or to become due from the company to the chargee being £186,666.06 being the actual sum due under clause 2.1(c) of the main agreement (as therein defined), the bicc income (as therein defined) payable pursuant to clause 3.3(a) of the second supplemental agreement (as therein defined), the sum of £500,000 being the payment due under clause 9.1 of the main agreement on the date which is the second anniversary of the completion date (as therein defined), the sum of £4,000,000 which is the second stage payment due under clause 9.2 of the main agreement, the sum of £9,000,000 which is the third stage payment due under clause 9.2 of the main agreement and a contingent amount of up to £17,000,000 plus vat being the profit share payments calculated due pursuant to the provisions of clause 9.4 of and schedule 1 to the main agreement together with interest payable thereon under the main agreement
Short particulars
The benefit of the development agreement (as defined) the ground lease (as defined) and all other agreements which the company has the benefit for the acquisition of any interest in the site being the land bounded by gun street minster street broad street duke street london street mill lane and bridge street shown on the plan to the main agreement. See the mortgage charge document for full details.