Persons entitled
- Cumberland Building Society
Brief description
1. all its real property (as defined in the debenture) (if any) at the date of the debenture not charged by way of first legal mortgage to the society (as defined in the debenture) under any other deed. 2. all of its real property as at the date of the debenture to the extent not effectively mortgaged to the society (as defined in the debenture) under clause 3.1 or any other deed. 3. all its real property acquired after the date of the debenture to the extent not effectively mortgaged to the society by way of legal mortgage by deed. 4. all the borrower's intellectual property (to the extent not effectively assigned under clause 3.3 of the debenture).
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.