Assets ceased/released
All of the property or undertaking has been released from the charge
Persons entitled
- The Society, the Beneficiaries and Certain Other Persons or Bodies (As Further Defined on FORMM395)
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
Subject to any charge over, and assignment by the company of, the future profits of its underwriting business at lloyd's contained in any trust deed or other instrument to which the company is, or becomes, a party pursuant to the requirements of the council relating to the provision of funds at lloyd's:- (a) the company's right, title, interest and expectancy in and to the trust funds held at any time under any premiums trust deed to which it is a party, (b) the amounts received, at any time after a failure by a connected company to discharge a lloyd's obligation, by the company out of the premiums trust deed.