Persons entitled
- Tdg Trustees Limited (Trustee)
Amount secured
All monies due or to become due from tdg limited to the scheme and/or the chargee on behalf of the scheme
Short particulars
If the chargor shall: (a) receive any payment, prepayment, consideration, distibution, security or financial support; (b) in any manner defease or exercise any right of set off of all or any part of the shareholder debt, in breach of the deed then the chargor shall: (a) repay any proceeds so received, return any consideration so received, release any security or financial support so granted to it and/or pay an amount equal to the amount owed by it that was so defeased or so set off against shareholder debt (as applicable) to the relevant counterparty; and (b) pending repayment, return or release (as applicable) of any relevant amount, consideration, security or financial support received by it, shall hold it on trust for the relevant counterparty. See image for full details.