Persons entitled
- Mr Paul Digby ("Lender")
Brief description
The company, with full title guarantee, hereby charges to the lender as a continuing security for the payment, discharge and performance of the secured obligations. (A) by way of first legal mortgage, all properties now owned by the company or in which the company has an interest. (B) by way of first fixed charge (to the extent not the subject of a legal mortgage by virtue of clause 3.1(a) of the security document) all present and future properties now or from time to time hereafter owned by the company or in which the company may have an interest. (C) by way of first fixed charge, all equipment now or from time to time hereafter owned by the company or in which the company has an interest and the benefit of all contracts and warranties relating to the same. (D) by way of first fixed charge, all intellectual property, now or from time to time hereafter owned by the company or in which the company may have an interest. "Equipment" means machinery, equipment, furniture, furnishings, fittings and fixtures (excluding any fixtures and fittings belonging to a tenant) and other tangible personal property (other than inventory) together with all present and future additions thereto, replacements or upgrades thereof, components and auxiliary parts and supplies used or to be used in connection therewith wherever any of the foregoing is located and any other asset which would be treated as a fixed asset under gaap. "Intellectual property" means all patents (including applications for and rights to apply for patents), trade marks and service marks (whether registered or not) and applications for the same, trade names, registered designs, design rights, database rights, copyrights, computer programs, know-how and trade secrets and all other intellectual or intangible property or rights and all licences, agreements and ancillary and connected rights relating to intellectual and intangible property including any renewals, revivals or extensions thereof and wherever in the world subsisting. "Property" means freehold and leasehold property wherever situate (other than any heritable property in scotland), and includes all liens, charges, options, agreements, rights and interests in or over such property or the proceeds of sale of such property and all buildings and fixtures thereon and all rights, easements, and privileges appurtenant to, or benefiting, the same and "properties" means all or any of the same, as the context requires. "Secured obligations" means all moneys, obligations and liabilities covenanted to be paid or discharged under or pursuant to clause 2 of the security document. "Security document" means a debenture executed between the company and the lender dated 3 october 2014. (please see the security document for further details).
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.