Persons entitled
- Lloyds Bank PLC
Brief description
An omnibus guarantee & set-off agreement dated 5 march 2024 (the “agreement”).. The amount secured is the aggregate of the principals’ liabilities and all other money and liabilities whether actual or contingent now or at any time hereafter due, owing or incurred from or by the companies under this agreement (the “secured obligations”).. Each company guarantees payment of the principals’ liabilities in the currency or respective currencies thereof on demand by the bank.. Note by clause 4.1 of the agreement, the companies jointly and severally agree that, in addition to any general lien, right of set-off or combination or consolidation or other right to which the bank as bankers may be entitled by law, the bank may at any time and from time to time and with or without notice to the companies or any of them:. (A) combine or consolidate all or any of the accounts with all or any of the principals’ liabilities; and. (B) set-off or transfer any credit balance in or towards satisfaction of any of the principals’ liabilities.. Note by clause 4.2 of the agreement, each company with full title guarantee hereby charges its credit balances to the bank to secure repayment of the secured obligations.. “Attorney” means the company named in part I of schedule 1 of the agreement;. “Bank” means lloyds bank PLC;. “Companies” means the attorney and the other companies named in schedule 1 of the agreement;. “Principal” means any company insofar only as it at any time owes money or has incurred liabilities (whether actual or contingent) to the bank otherwise than pursuant to the terms of this agreement;. Companies listed in schedule 1:. healthpharm yorkshire limited (with company number 08063657);. qpharm LTD (with company number 14763047);. brighouse healthcare limited (with company number 14660981).
Contains negative pledge.