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NAMECO (NO.425) LIMITED

Company number 03848201

Deed of charge made between the members and the dollar trustees (each as defined therein) as chargors, hiscox syndicates limited and barclays bank PLC (the bank) as chargee

Created
31 January 2001
Delivered
20 February 2001
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Barclays Bank PLC

Amount secured

Letter of credit facility granted by the chargee to the members as members of the syndicate 33 2001 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

By way of first fixed charge, all right title and interest of the member in and to such monies payable or to become payable to the member or to any person on behalf of the member in dollars under the specified syndicate reinsurances in consequence of any loss, all right title and interest of the dollar trustees in and to such monies (if any) received by the member or any person on behalf of the member, all right title and interest of the dollar trustees in and to the deposits together with interest from time to time accruing thereon, by way of first floating charge all right title and interest of the member in and to such monies payable to the member under the specified syndicate reinsurances in consequence of any loss, all right title and interest of the dollar trustees in and to such monies (if any) received by the member being the proceeds of monies, and all assets charged under the deed. See the mortgage charge document for full details.