Persons entitled
- Nationwide Building Society as Agent and Trustee for the Finance Parties
Amount secured
All monies due or to become due from an obligor (or by some other person) of each obligor to the finance parties (or any of them) on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
The company as a junior creditor under the subordination agreement undertakes to the agent that if any obligor makes any payment in cash or in kind on account of or for the purchase or acquisition of all or any part of the junior liabilities by way of payment set-off under any guarantee in each case the company will hold the same upon trust for the agent see form 395 for details. See the mortgage charge document for full details.