Persons entitled
- Film Finances Inc.
Brief description
The company (to the extent of its right, title and interest) as a continuing security, subject to the terms of the ipa and the rights and prior security and other interests of the producer under the producer agreements (and security agreements entered in favour of the producer in relation to the film) and the financiers under the financing agreements and the collection agreement, and the ipa (but only insofar as the company owns such rights) charges in favour of the guarantor with the payment and discharge of the secured sums by way of first fixed charge all present and future property acquired for the production of the film.. Negative pledge. Subject always to the rights of the financiers and the producer (including those set out in the ipa), the company, the us psc and the producer shall not create, grant or permit to subsist any mortgage, security interest or charge, whether fixed or floating (other than any created by or pursuant to the producer agreements, the financing agreements and as permitted under the terms of the ipa) on or over all or any part of the charged property, whether ranking in priority to, behind or pari passu with the security hereby created.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.