Persons entitled
- Metropolitan Partners Group Administration Llc (As Security Agent)
Brief description
The chargor, with full title guarantee in accordance with the law of property (miscellaneous provisions) act 1994 and as continuing security for payment of the secured obligations charges and agrees to charge in favour of the security agent all of its present and future right, title and interest in and to the following assets: (a) by way of first legal mortgage the property; and (b) by way of first fixed charge: (I) all proceeds of sale of the whole or any part of the property; and (ii) all fittings at any time on the property; and (c) by way of first floating charge all moveable plant, machinery, implements, utensils, furniture and equipment now or from time to time placed on it or used in or upon the property and the benefit of all licences, contracts and warranties in connection with the same. Definitions "secured obligations" means all present and future obligations and liabilities (whether actual or contingent and whether owned jointly or severally or alone or in any other capacity whatsoever) of the chargor to the security agent and/or the other secured parties (or any of them) under or pursuant to any finance document (including all monies covenanted to be paid under the legal charge). "The property" means linwood house (formerly wensley park nursing home), wensley road, barnsley S71 1TJ in the administrative area of barnsley registered under title number SYK314752.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.