Persons entitled
- The Secretary of State for the Enviroment, Transport and the Regions
Amount secured
The payment and discharge by the company of any amount becoming due by the company, and the performance by the company of any obligations to the chargee in respect of the charged retention account (and any sums standing to the credit thereof or interest thereon) under any contract between the company and the chargee which provides for the manner in which wuch account is to be dealt with
Short particulars
The company charges, and agrees to charge, to the chargee by way of first fixed charge, with full title guarantee, the account held or to be held in the name of the company and chargee which is designated by the chargee by notice at any time to the company as the charged retention account, all sums standing to the credit of such account and any accrued interest.