Persons entitled
- Bank Dnb Nord Polska S.A
Amount secured
All sums due or to become due under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
Each subordinated creditor unconditionally agrees to the bank that during the security period: it shall not claim, recover, retain or receive any amounts in relation to the subordinated receivables, whether of principal or interest or otherwise, from the company; it shall not terminate or accelerate any of the agreements concluded with the company, including, but not limited to, for the reason of the non-payment of the subordinated receivables; it shall not enforce the subordinated receivables, nor any contractual penalties thereunder, neither it shall claim any damages for the reason of the non-payment of the subordinated receivables; if it receives any amount in respect to the subordinated receivables from the company the payment of which has been made contrary to the provisions of this agreement, it will pay such amount to the bank who may apply it towards repayment of the secured receivables or hold it as security for the discharge of the secured receivables during the security period; it shall not claim or receive any security interest from the company, in respect of any of subordinated receivables.