Persons entitled
- Nafis Iqbal and Afzal Hussain
Brief description
(1) freehold property formerly known as oswaldtwistle working mens club james street oswaldtwistle BB5 3LJ registered at hm land registry with title number LA945576. (2) leasehold property being land on the south side of james street oswaldtwistle accrington registered at hm land registry with title number LAN126983. (3) freehold property being 6 simpson street and land on the north east side of simpson street and 296 union road oswaldtwistle BB5 3JD registered at hm land registry with title number LA584206 (4) by way of a first fixed charge: (I) all its rights in each insurance policy, including all claims, the proceeds of all claims and all returns of premiums in connection with each insurance policy, the rental income and the benefit of any guarantee or security in respect of the rental income to the extent not effectively assigned under clause 3.2; (ii) the benefit of all other contracts, guarantees, appointments and warranties relating to the charged assets and other documents to which the borrower is a party or which are in its favour or of which it has the benefit relating to any letting, development, sale, purchase, use or the operation of the charged assets or otherwise relating to the charged assets (including, in each case, but without limitation, the right to demand and receive all monies whatever payable to or for its benefit under or arising from any of them, all remedies provided for in any of them or available at law or in equity in relation to any of them, the right to compel performance of any of them and all other rights, interests and benefits whatever accruing to or for its benefit arising from any of them); (iii) all licences, consents and authorisations (statutory or otherwise) held or required in connection with its business carried on at the property or the use of any charged asset, and all rights in connection with them; and (iv) all monies from time to time standing to the credit of the rent account, together with all rights and benefits accruing to or arising in connection with the rent account (including, but not limited to, entitlements to interest).
Contains negative pledge.