Persons entitled
- National Westminster Bank PLC
Brief description
1. the company with full title guarantee, as a continuing security for the payment on demand of the company's obligations (as defined below), charges in favour of the bank:. 1.1 by way of legal mortgage, all legal interest in the property (as defined below);. 1.2 by way of fixed charge any of the following property of the company, whether owned now or in the future:. 1.2.1 any other interest in the property. 1.2.2 all rents receivable from any lease granted of the property. 1.2.3 all the goodwill of the company's business carried on at the property. 1.2.4 the proceeds of any insurance affecting the property. 1.2.5 all fixtures and fittings not forming part of the property. 1.2.6 all plant and machinery at the property, included any associated warranties ad maintenance contracts. 1.2.7 all furniture, furnishings, equipment, tools and other goods kept at the property, that are not regularly disposed of in the ordinary course of business. Definitions. Company's obligations mean all the company's liabilities to the bank (present, future, actual or contingent and whether incurred alone or jointly with another) and include interest (as defined below) and any expenses the bank or a receiver incurs (on a full indemnity basis and with interest from the date of payment) in connection with the property (as defined below) or in taking, perfecting, protecting, enforcing or exercising any power under the charge instrument. Interest means interest at the rate charged by the bank, calculated both before and after demand or judgment on a daily basis and compounded according to agreement, or, in the absence of agreement, quarterly on the days selected by the bank. Property means land and buildings at beechwood street, stanningley registered under title number WYK902149 and the land known as 1-7 (odd) beechwood street, 2-8 (even) and 1-15 (odd) westield street, 2-16 (even) and 1-15 (odd) mulberry street, 1-15 (odd) carlisle street, leeds registered under title number WYK389944 and includes any part of it and the other assets charged by clause 1 above.. Notification of addition to or amendment of charge.
Contains fixed charge.