Persons entitled
- Industrial Credit
Amount secured
0
Short particulars
All monies. Collateral debenture all the company's undertakings and assets wheresoever and whatsoever both present and future including its uncalled capital for the time being and goodwill. The collateral debenture provides that if industrial credit corporation PLC issues to the company a notice in writing that an event of default as set out in the collateral debenture has occurred the charge created by the collateral debenture over the assets described in column 4 hereof (with the exception of the book debts which are specifically excluded) shall crystallise and become a fixed and specific charge over the said assets. Note: the debenture contains a covenant by the company not to create any mortgage charge or lien ranking pari passu with or in priority thereto.