Persons entitled
- Global Equity Finance Limited
Brief description
As a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee:. (A) charges to the lender, by way of first legal mortgage, all the properties specified in schedule 2;. (b) charges to the lender, by way of first fixed charge:. (I) all properties acquired by the borrower in the future;. (Ii) all present and future interests of the borrower not effectively mortgaged or charged under the preceding provisions of this clause 3 in, or over, freehold or leasehold property;. (Iii) all present and future rights, licences, guarantees, rents, deposits, contracts, covenants and warranties relating to each property;. (Iv) all licences, consents and authorisations (statutory or otherwise) held or required in connection with the borrower’s business or the use of any charged property, and all rights in connection with them;. (V) all its present and future goodwill and uncalled capital;. (Vi) all the equipment;. (Vii) all the intellectual property;. (Viii) all the book debts;. (Ix) all the investments; and. (X) all monies from time to time standing to the credit of its accounts with any bank, financial institution or other person (including each designated account).. (C) assigns to the lender absolutely, subject to a proviso for reassignment on irrevocable discharge in full of the secured liabilities, all its rights in each insurance policy;. (D) assigns to the lender absolutely, subject to a proviso for reassignment on irrevocable discharge in full of the secured liabilities, to the extent it is assignable, the benefit of each assigned agreement and the benefit of any guarantee or security for the performance of an assigned agreement; and. (E) charges to the lender, by way of first floating charge, all the undertaking, property, assets and rights of the borrower at any time not effectively mortgaged, charged or assigned pursuant to clause 3.1(a) to clause 3.1(d) inclusive.. Notification of addition to or amendment of charge.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.