Persons entitled
- N.I.I.B. Group Limited
Amount secured
All monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
As continuing security for the payment and discharge of the secured liabilities,the company,as beneficial owner, hereby assigns absolutely to the lender all of its benefit,right,title and interest in (but not the obligations under)the following:. A)all sub-hire agreements present and future,including all monies then and thereafter to become due to the lender under the sub-hire agreements;. B)the benefit of all guarantees indemnities negotiable instruments and securities taken by the company in connection with the sub-hire agreements.. "Sub-hire agreements" means agreements between the company and its customers to sub-hire the vehicles.. See image for full details.