Persons entitled
- Lloyds Bank PLC
Brief description
As continuing security for the payment and/or discharge of the secured liabilities, the chargor with full title guarantee charges to the bank:. 2.1.2 by way of legal mortgage, the property (if any) described in schedule 2;. 2.1.2 by way of fixed charge any freehold or leasehold property (excluding any property charged by clause 2.1.1) now and in the future owned by the chargor or in which the chargor may have an interest;. 2.1.10 by way of fixed charge, all the chargor’s intellectual property from time to time not disposed of in the ordinary course of the chargor’s business.. “Intellectual property” means all patents (including applications, improvements, prolongations, extensions and right to apply therefor), design rights, trade marks and service marks (whether registered or unregistered) and applications for the same, copyright, trade, brand, domain and business names, knowhow, confidential information, trade secrets, databases and computer software programs and systems and all other intellectual or intangible property (including the benefit of any licences or consents relating to any of the above) and all fees, royalties or other rights derived therefrom or incidental thereto in any part of the world.. “Secured liabilities” means all monies (in whatever currency), obligations and liabilities which are from time to time due, owing or incurred by the chargor to the bank, whether actually or contingently, solely or jointly and whether as principal or surety, including discount charges and interest (as well after as before judgment) commission and other fees and charges at the rates and on the terms agreed between the chargor and the bank from time to time, together with all expenses and all amounts owing in respect of indemnified events plus, in each case, interest at the rate agreed with the chargor, from the date the same are incurred to the date of payment in full compounded monthly or otherwise in accordance with the bank’s usual practice.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.