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CITY LOFTS DEVCO LIMITED

Company number 05578260

Subordination agreement

Created
29 March 2007
Delivered
3 April 2007
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Lehman Brothers International (Europe)

Amount secured

All monies due or to become due by each obligor a shareholder or the sponsor 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 has undertaken to the agent that if any borrower makes any payment in cash or in kind on account of or for the purchase or other acquistion of all or any part of the junior liabilities of the company receives all or any amount in cash or in kind of the junior liabilities in each case the company shall hold the same upon trust for the agent. See the mortgage charge document for full details.