Persons entitled
- Film Finances Inc
Brief description
Mechanic movie LTD (the “company”) as a continuing security, (but only insofar as the company owns such rights) hereby charges absolutely to film finances, inc (the “guarantor”) all present and future rights, title and interest of the company of and in the film and in the “screenplay” 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, other than the “excluded assets”; (as such terms are defined in the deed instrument dated on or about the date hereof between the company and the guarantor (the “deed”)) and assigns absolutely to the guarantor all present and future interest and rights of the company of and in the “financing agreement” and the “licence agreement” (as those terms are defined in the deed) and all other present and future agreements entered into by the company in connection with the production of the film, other than the excluded assets; and charges in favour of the guarantor with the payment and discharge of the “secured sums” (as such term is defined in the deed) by way of first fixed charge all present and future property acquired for the production of the film, other than the excluded assets; and 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 but, notwithstanding anything to the contrary contained herein, excluding the excluded assets.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.