Persons entitled
- Neil Parker
- Nigel Parker
Brief description
As a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee charges to the lenders by way of first legal mortgage, each property and (a) all properties acquired by the borrower in the future, (b) all present and future interests of the borrower not effectively mortgaged or charged under the preceding provisions of this clause in or over freehold or leasehold, (c) all present and future rights, licences, guarantees, rents, deposits, contracts, covenants and warranties relating to each property, (d) all licences, consents and authorisations held or required in connection with the borrower's business or the use of any secured asset, and all rights in connection with them, (e) all its present and future goodwill, (f) all its uncalled capital, (g) all the equipment, (h) all the intellectual property, (I) all the book debts, (j) all the investments, (k) all the monies from time to time standing to the credit of its accounts with any bank, financial institution or other person together with all other rights and benefits accruing to or arising in connection with each account (including but not limited to entitlements to interest, and (l) all its rights in respect of each insurance policy, including all claims, the proceeds of all claims and all returns of premium in connection with each insurance policy, to the extend not effectively assigned.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.