Persons entitled
- Proseed Orpington Limited
Brief description
53 elm croft road, orpington, kent, BR6 0HZ; and. 1. all properties acquired by the borrower in the future;. 2. all present and future interests of the borrower not effectively mortgaged or charged under the preceding provisions of this clause 3 of the debenture in, or over, freehold or leasehold property;. 3. all present and future rights, licences, guarantees, rents, deposits, contracts, covenants and warranties relating to each property;. 4. all licences, consents and authorisations (statutory or otherwise) held or required in connection with the borrower's business or the use of any secured asset, and all rights in connection with them;. 5. all its present and future goodwill;. 6. all its uncalled capital;. 7. all the equipment;. 8. all the intellectual property;. 9. all the book debts;. 10. all the investments;. 11. all monies from time to time standing to the credit of its accounts with any bank, financial institution or other person (including each designated account);. 12. all its rights in each insurance policy, including all claims, the proceeds of all claims and all returns of premium in connection with each insurance policy, to the extent not effectively assigned under clause 3.3; and. At any time after the security constituted by this deed has become enforceable, or after any powers conferred by any security having priority to this deed shall have become exercisable, the lender may:. 1. redeem that or any other prior security;. 2. procure the transfer of that security to it; and. 3. settle and pass any account of the holder of any prior security.. Any accounts so settled and passed shall be, in the absence of any manifest error, conclusive and binding on the borrower. All monies paid by the lender to an encumbrancer in settlement of any of those accounts shall, as from its payment by the lender, be due from the borrower to the lender on current account and shall bear interest at the default rate of interest specified in the facility agreement and be secured as part of the secured liabilities.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.