Persons entitled
- The Governor and Company of the Bank of Scotland ("the Bank")
Amount secured
All indebtedness, liabilities and obligations which are as at 22ND april 1997 or may at any time thereafter be due, owing or incurred in any manner whatsoever to the chargee under the working capital facility, by any group company whether actually or contingently, whether pursuant to the guarantee or otherwise, and whether soley or jointly with any other person and whether as principal or surety provided always that the secondary secured obligations will not include any indebtedness, liabilities or payment obligations which, if guaranteed, secured or otherwise covenanted to be paid under the deed would constitute financial assistance (as defined in and prohibited by sections 151, 152 and 154 of the companies act 1985) and in particular without limitation no seconday charging company will by the execution of the deed guarantee, secure or undertake obligations in respect of the term loan facility or the loan note guarantee facility made available to the facilities agreement ("the secondary secured obligations")
Short particulars
Each secondary charging company charges to the bank by way of first fixed charge all future f/h and l/h property, all estates and interests not hereinbefore effectively charged as at 22/4/97 or thereafter, the goodwill, all intellectual property as at 22/4/97 or at any time thereafter, all plant vehicles and machinery, all chattels, all receivables, the benefit of all contracts licences consents and authorisations (statutory or otherwise) held in connection with its business; by way of first floating charge all its undertaking and property and assets present and future.. See the mortgage charge document for full details.