Persons entitled
- Zetolite Limited
Brief description
As continuing security for the payment and discharge of the secured liabilities, the assignor with full title guarantee assigns absolutely to the security agent as trustee for the secured parties (subject to re-assignment on final and unconditional discharge of the secured liabilities): (a) the benefit of each subordinated loan agreement to which it is a party; and (b) all its rights in each subordinated loan. Secured liabilities: (I) any increase or reduction in any amount made available thereunder and/or any alteration and/or addition to the purposes for which any such amount, or increased or reduced amount, may be used, (ii) any ancillary facilities provided in substitution for or in addition to the facilities originally made available thereunder, (iii) any rescheduling of the indebtedness incurred thereunder whether in isolation or in connection with any of the foregoing and (iv) any combination of any of the foregoing.
Contains negative pledge.