Persons entitled
- Joji Serugei Birosu
Brief description
The borrower, as a continuing security for the payment on demand of the borrower's obligations and with full title guarantee, gives to the lender:. 2.1 a fixed charge over the following property of the borrower, owned now or in the future:. 2.1.1 all land vested in or charged to the borrower, all fixtures and fittings attached to that land and all rents receivable from any lease granted out of that land. References to land are to any interest in heritable, freehold or leasehold land.. 2.1.2 all plant and machinery, including any associated warranties and maintenance contracts.. 2.1.3 all the goodwill of the borrower's business.. 2.1.4 any uncalled capital.. 2.1.5 all stock, shares and other securities held by the borrower at any time in any subsidiary and all income and rights relating to those stocks, shares and securities.. A subsidiary is an entity controlled, directly or indirectly, by the borrower or by a subsidiary of the borrower. "Control" means the ability to appoint or remove directors or exercise the majority of voting rights, alone or with the agreement of others.. 2.1.6 all intellectual property, licences, claims, insurance policies, proceeds of any insurance and any other legal rights.. 2.1.7 the benefit of any hedging arrangements, futures transactions or treasury instruments.. 2.2' a floating charge over all the other property, assets and rights of the borrower owned now or in the future which are not subject to an effective fixed charge under this deed or under any other security held by the lender.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.