Persons entitled
- Eurohypo Ag Europaische Hypothekenbank Der Deutschen Bank London Branch
Amount secured
All present and future obligations and liabilities (whether actual or contingent whether owed jointly severally or other capacity whatsoever and whether originally incurred by the obligor or by some other person) of each obligor to (1) the senior finance parties (or any of them) under each of the senior finance documents (as defined) (the "senior liabilities" and (2) the junior parties (or any of them) under each of the junior finance documents (the "junior liabilities")
Short particulars
The company as an original subordinated creditor under the subordination deed has undertaken to the security trustee that if any obligor makes any payment in cash or in kind on account of or for the purchase or other acquisition of all or any part of the subordinated liabilities or the company receives all or any amount in cash or in kind of the subordinated liabilities the company will hold the same upon trust for the security trustee for application in or towards payment firstly of all the senior liabilities and secondly of all the junior liabilities and will promptly pay the same to the security trustee. See the mortgage charge document for full details.