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BRAC RENT-A-CAR INTERNATIONAL INC

Company number FC005843

Amended subsidiary pledge agreement

Created
25 November 1997
Delivered
3 December 1997
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Credit Suisse First Boston (As Administrative Agent for the Secured Parties).

Amount secured

In favour of credit suisse first boston (as administrative agent for the secured parties as detailed in the credit agreement), all obligations of the company or any obligor (other than liquidity obligations as defined in the credit agreement) existing at the date of the charge or thereafter under the credit agreement, the notes and each other loan document to which the company or such obligor is or may become a party, whether for principal, interest, costs, fees expenses or otherwise

Short particulars

The company pledges hypothocates assigns charges mortgages delivers and transfers to the administrative agent for its benefit and the rateable benefit of each of the secured parties and grants to the administrative agent for its benefit and rateable benefit of the secured parties a continuing security interest in all of the following property of the company; all cash dividends and cash distributions with respect to any pledged property made in the ordinary course of business and not a liquidating dividend or stock dividends liquidating dividends shares of stock resulting from (or in connection with the exercise of) stock splits reclassifications warrants options non-cash dividends mergers consolidations and all other distributions,. See the mortgage charge document for full details.