Persons entitled
- The Governor and Company of the Bank of Scotland as Agent and Trustee for Itself and Thefinance Parties as Agent and Trustee for Itselfand the Finance Parties
Amount secured
All monies due or to become due from any group company to the finance parties on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
The company will upon demand by the security trustee pay an amount equal to the amount of all payments or distributions of or in respect of any junior liabilities in cash or in kind received by or on behalf of it from any insolvent obligor on or after the occurrence of any insolvency event to the security trustee for application in accordance with the intercreditor deed.pending such application the security trustee will hold such payment on trust for the beneficiaries entitled thereto. See the mortgage charge document for full details.