Persons entitled
- The Bank of East Asia Limited
Brief description
Unit 9 northgate court. Magdalen street. Oxford. OX1 3AD. 4 charges. The mortgagor with full title guarantee (but excluding section 6(2) of the 1994 act) and free from all charges equities liens and encumbrances as security for the payment and discharge to the bank of the mortgagors obligations together with interest to the date of discharge and expenses and subject to the first mortgagor (if any) hereby ;-. 4.1 mortgage. Charges to the bank by way of legal mortgage the property and all the mortgagor's interest in the property and its proceeds of sale and all other estates and interest of the mortgagor therein and if any such estates and interests are not capable of being charged by way of legal mortgage then they are hereby charged by way of specific equitable charge.. 4.2 fixed charges. (A) charges by way of fixed charge (if the mortgagor is not an individual):-. (1) all the fixtures and fittings of the mortgagor from time to time attached to the property. (2) all the plant and machinery vehicles and computer equipment of the mortgagor present and future at the property not regularly disposed of in the ordinary course of business and all associated warranties and maintenance contracts;. (3) all furniture furnishings equipment tools and other chattels of the mortgagor now and in the future at the property and not regularly disposed of in the ordinary course of business;. (B) charges by way of fixed charge the goodwill and the proceeds of any insurance from time to time affecting the property or the charged assets. 4.3 assignments. (A) assigns to the bank by way of security (subject to reassignment on discharge) all rents receivable from any lease granted out of the property and the proceeds and benefit of all insurance policies effected in respect of the charged assets and all monies arising thereunder;. (B) assigns to the bank by way of security (subject to reassignment on discharge) the benefit of all contracts guarantees covenants and rights (including but without limiting the foregoing all copyrights trademarks trade names goodwill and other rights) now or in future subsisting relating to the property or to any existing or potential development thereof or to any business of the mortgagor carried on thereat or to any interest in an obligation affecting the property; and. 4.4 floating charge. (If the mortgage is or includes a company) charges to the bank by way of floating charge the undertaking and all assets of the mortgagor both present and future.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.