Persons entitled
- Kreditanstalt Fur Wiederaufbau as Security Trustee for and on Behalf of Thebeneficiaries
Amount secured
Any and all obligations which are now or which may at any time and from time to time hereafter be due, owing, payable or incurred or be expressed to be due, owing, payable or incurred from or by the owner (a) to the lessor under (1) clause 13.3 of the head lease agreement as modified by clause 7.5 of the residual obligations agreement and (2) under clause 7.3 of the residual obligations agreement and (b) to the chargee under (1) clause 7.3 of the residual obligations agreement and (2) the mortgage (all terms as defined)
Short particulars
By way of first priority lgal mortgage all its right titile and interest in and to the aircraft, assigned and agreed to assignabsolutely to the security trustee, by way of first priority legal assignment, all of its rights, title and interest (present and future) in and to the total loss proceeds. See the mortgage charge document for full details.