Persons entitled
- Venture Finance PLC
Amount secured
All monies due or to become due from the company to the chargee under the terms of any agreement for the factoring or discounting of debts between the company and the chargee for the purchase of debts or otherwise
Short particulars
By way of fixed equitable charge (1) all debts, the subject of an agreement for the factoring or discounting of debts between the company and the security holder, which fail to vest absolutely in the security holder (ii) all other debts now or at any time hereafter owing to the company (iii) all rights in favour of the company related to or arising under any contract of sale giving rise to any such debt or other debt including all records and documents on or by which any such debts or other debts are recorded or evidenced so that the company shall not create any mortgage or charge or other encumbrance over the said charged property nor enter into any agreement for the factoring, discounting or otherwise selling any of its book or debts.