Persons entitled
- Bssf Ii Origination Dac
Brief description
Legal mortgage over all property (as defined below) now belonging to it or vested in it and a first fixed charge over all interests (to the extent not effectively charged by the legal mortgage) in any property and all related rights (as defined below) and the benefit of all other agreements relating to land. A first fixed charge over all of its rights, title and interest in the intellectual property (as defined below). "Intellectual property" means any patents, trademarks, service marks, designs, business names, copyrights, database rights, design rights, domain names, moral rights, inventions, confidential information, knowhow and other intellectual property rights and interests (which may now or in the future subsist), whether registered or unregistered and the benefit of all applications and rights to use such assets which may now or in the future subsist, and includes all related rights, including but not limited to the intellectual property as specified in schedule 8 (intellectual property) to the debenture or any schedule to a security accession deed (if any). "Property" means all freehold and leasehold property from time to time owned by each chargor or in which each chargor is otherwise interested and shall include: (a) the proceeds of sale of all or any part of such property, (b) all rights, benefits, privileges, warranties, covenants, easements, appurtenances and licences relating to such property, (c) all money received by or payable to each chargor in respect of such property and (d) all buildings, fixtures and fittings from time to time on such property, but excluding in each case any leasehold property with a remaining term of 15 years or less, and includes all related rights, including but not limited to the property (if any) specified in schedule 7 (property) of the debenture or any in the schedule to a security accession deed. "Related rights" means (a) in relation to shares or investments, all dividends, distributions and other income paid or payable on a share or investment, together with all shares or other property derived from any share or investment and all other allotments, accretions, rights, benefits and advantages of all kinds accruing, offered or otherwise derived from or incidental to that share or investment (whether by way of conversion, redemption, bonus, preference, option or otherwise), and (b) in relation to any other charged property: (I) the proceeds of sale or rental of any part of that asset, (ii) all rights under any licence, agreement for sale or agreement for lease in respect of that asset, (iii) all rights, benefits, claims, contracts, warranties, remedies, security, indemnities or covenants for title in respect of that asset, (iv) any income, moneys and proceeds paid or payable in respect of that asset and/or (v) any other assets deriving from or relating to all or any part of that asset.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.