Persons entitled
- Mercedes-Benz
Amount secured
0
Short particulars
All monies. First fixed charge 1. by first fixed the following items of property ("the property") (I) all sub-lease agreements ("the sub- lease agreements") entered into at any time by the company with customers of the company but let by mbf to the com- pany under hire purchase agreements or lease agreements (collectively "the credit agreements") entered into at any time between mbf and the company. (Ii) the full benefit and advantage of the moneys payable under the sub-lease agreements; (iii) the benefit of all guarantees and indemnities taken by the company in conn ection with the sub-lease agreements and (iv) the benefit of all insurance effected by the company or by the customer(s) of the company pursuant to the terms of the sub-lease agreements in respect ofthe goods comprised therein. 2. the company shall not without the prior consent in writing of mbf create or permit to come into being any assign- ment, mortgage, charge or lien in respect of the property or to sell the property.