Persons entitled
- Nachshon Israel Investments Overseas Limited
Brief description
As a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee assigns to the lender absolutely, subject to a proviso for reassignment on irrevocable discharge in full of the secured liabilities: (a) the benefit but not the burden of the contract; (b) all its rights in each relevant policy, including the proceeds of any claims under any relevant policy; provided that nothing in this clause 3.1 shall constitute the lender as a mortgagee in possession.
Contains negative pledge.