Persons entitled
- Lancashire Mortgage Corporation Limited
Brief description
1 by way of legal mortgage all the freehold and leasehold property of the company now vested in it whether or not the title to it is registered at hm land registry including that which is described in the schedule of the debenture together with all buildings and fixtures (including trade and tenant's fixtures) now and subsequently on such property and all plant and machinery now and subsequently annexed to such property for whatever purpose.. 2 by way of fixed charge all freehold and leasehold property subsequently belonging to the company together with all buildings and fixtures (including trade and tenant's fixtures) on such property and all plant and machinery annexed to such property for whatever purpose.. 3 by way of fixed charge all interests not effectively charged by the preceding clauses of the debenture now or subsequently belonging to the company in or over land or the proceeds of sale of land all licences now or subsequently held by the company to enter upon or use land and the benefit of all other agreements relating to land to which the company is or may become party or otherwise entitled and all trade and tenant's fixtures plant and machinery now and subsequently annexed for whatever purpose to all freehold and leasehold property an interest in which stands charged under the debenture.. 4 by way of fixed charge all the goodwill and uncalled capital for the time being of the company.. 5 by way of fixed charge all stocks shares and other securities now or subsequently owned (whether at law or in equity) by the company and all rights and interests of the company in and claims under all policies of insurance and assurance now or subsequently held by or inuring to the benefit of the company.. 6 by way of fixed charge all patent, trade marks, patent applications, brand names, copyrights, rights in the nature of copyright, registered designs and other intellectual property rights and agreements relating to the use by the company of patents and trade marks to which the company is now or may subsequently become entitled and all agreements under which the company is now or may become entitled to the payment of any royalty fee or similar income.. 7 by way of fixed charge all book and other debts of the company whether now or subsequently existing and whether presently payable or subsequently falling due for payment and all rights and claims of the company against third parties now or subsequently existing and capable of being satisfied by the payment of money (save as charged under sub clause 3.1.5 of the debenture) provided that such book and other debts shall be paid into the company's account with the lender and that the company shall not charge or assign or purport to charge or assign the same in favour of any other person and shall if called upon to do so by the lender execute a legal assignment of such book and other debts to the lender;. 8 by way of floating charge all the assets whatsoever and wheresoever not effectively charged by the preceding clauses of the debenture by way of fixed charge including (without limitation) any immovable property of the company situated in scotland and any assets falling within any of the types mentioned in sub clauses 3.1.3 to 3.1.7 inclusive of the debenture situated in scotland but so that the company is not to be at liberty to create, otherwise than in favour of the lender, any mortgage or fixed or floating charge or other security upon and so that no lien (other than a lien arising through operation of law in the ordinary course of business) shall in any case or in any manner arise on or affect any part of such assets either in priority to or paripassu with the floating charge created by the debenture and further that the company shall have no power without the consent of the lender to part with or dispose of any part of such assets except by way of sale in the ordinary course of its business.
Contains floating charge.