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NAMECO (NO.60) LIMITED

Company number 03431185

Deed of charge (the "deed") and made between the names and the dollar trustees (each as defined therein) constituting the syndicate 33 1999 dollar obligor group as chargors, hiscox syndicates limited and barclays bank PLC (the "bank") as chargee

Created
25 January 1999
Delivered
2 February 1999
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Barclays Bank PLC

Amount secured

A letter of credit facility granted by the chargee to the names and the dollar trustees as members of the syndicate 33 1999 dollar obligor group together with certain other parties in the aggregate amount of £100,000,000 or its equivalent from time to time in dollars

Short particulars

(A) first fixed charge, if and to the extent that such assets are or are liable in the future to become comprised in that part of the dollar trust fund of the name in relation to which the managing agent has power to give directions, (I) all right title and interest of the name in and to such monies as are now payable or may hereafter at any time become payable to the name or to any person on behalf of the name in dollars under the specified syndicate reinsurances in consequence of any loss(es) and as (ii) (iii) on the form M395 (b) first floating charge, if and to the extent that such assets are or are liable in the future to become comprised in that part of the dollar trust fund of the name in relation to which the managing agent has power to give directions, see ch microfiche for full details.