Persons entitled
- The Governor and Company of the Bank of Ireland
Brief description
The chargor as beneficial owner and as a continuing security for the payment and discharge of the secured liabilities charges in favour of the bank as security trustee for the secured parties by way of first fixed charge the deposit and all the entitlements to interest the right to repayment and other rights and benefits accruing to or arising in connection with the deposit to the intent that such charge shall operate as a release of the deposit to the bank as security trustee for the secured parties until the secured liabilities have been unconditionally and irrevocably paid and discharged in full.. “Deposit” means the minimum sum deposited per month in the security account and includes any other sum or sums which are deposited in the security account in addition to or by way of renewal of or replacement for such sum all monies from time to time standing to the credit of the security account and all rights and benefits to or arising in connection with such sum including entitlements to interest and all interest credited thereon.
Contains negative pledge.