Persons entitled
- Northern Rock PLC
Amount secured
All monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
Upon an insolvency event occurring in respect of the debtor the junior creditor will hold on trust for northern rock and pay over to the northern rock on demand any sums received by it in respect of the subordinated liabilities until all the senior liabilities have been repaid in full.