Persons entitled
- Film Finances Inc
Brief description
Penguin lessons LTD (the "company") as a continuing security, hereby:-. 5.1 charges absolutely to film finances inc (the "guarantor") all present and future rights, title and interest of the company in the "film" and in the "screenplay" (as those terms are defined by the deed instrument between the company and the guarantor dated 2ND november 2023 (the "deed")) and all other written and musical matter embodied or to be embodied or used in the film or acquired in connection with its production and the negative and prints thereof and all rights of representing, exploiting and exhibiting the same; and 5.2 assigns absolutely to the guarantor all present and future interest and rights of the company of and in the "financing agreements" (as that term is defined by the deed) and all other present and future agreements entered into by the company in connection with the production of the film; and 5.3 charges in favour of the guarantor with the payment and discharge of the "secured sums" (as such term is defined by the deed) by way of first fixed charge all present and future property acquired for the production of the film; and 5.4 charges in favour of the guarantor with the payment and discharge of the secured sums by way of first floating charge the whole of the company’s undertaking and assets, wheresoever and whatsoever, present and future, other than any assets for the time being effectively assigned or charged to the guarantor pursuant to the previous sub-clauses or otherwise howsoever.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.