Persons entitled
- The Governor and Company of the Bank of Ireland
Brief description
Charge over the rental income of any present or future lease or licence of all or any part of the property including (without limitation) the leases detailed in schedule 1 part ii of the deed of assignment of rents dated 10TH june 2024.. “property” means moat house, 963-969 upper newtownards road, dundonald as is more particularly described in the deed of assignment of rents dated 10TH june 2024. “rental income” means the aggregate of all amounts payable to or for the benefit of account of the assignor in connection with the letting of the property or any part thereof under the leases or otherwise, including (without duplication or limiting the generality of the foregoing) each of the following amounts to be payable:. Rent (and any amount equivalent thereto) payable whether it is variable or not and however or whenever it is described, reserved or made payable;. Any guarantee of any rent however described;. Any rent payable by virtue of a determination made by the court under article 5 of the business tenancies (northern ireland) order 1996;. any other moneys payable in respect of occupation and/or usage of such property and every fixture and fitting therein and any and every fixture thereon for display or advertisement, on licence or otherwise;. Any profits awarded or agreed to be payable as a result of any proceedings taken or claim made for the same;. Any damages, compensation, settlement or expenses for or representing loss of rent or interest thereon awarded or agreed to be payable as a result of any proceedings taken or claim made for the same net of any costs, fees and expenses paid (and which have not been reimbursed to, and which are not recoverable by, the assignor from any party) in furtherance of such proceedings so taken or claim so made;. Any moneys payable under any policy of insurance in respect of loss of rent or interest thereon;. Any sum payable or the value of any consideration to be given by or on behalf of a tenant for the surrender or variation of the leases; and. (I) any interest payable on any sum referred to above and any damages, compensation or settlement payable in respect of the same;. But after deducting the following amounts to the extent included above:. Those amounts (if any) (together with any value added or similar taxes charged thereon) due to the assignor from any tenants under the leases or other occupiers by way of contribution to insurance premiums and the cost of insurance valuations or by way of service charges in respect of costs incurred or to be incurred by the assignor under any repairing or similar obligations or in providing services to such tenant or tenants of such building;. Any contribution (if any) to a sinking fund paid by any tenant or other occupier;. (Iii) any value added tax or similar taxes payable on any of the items listed in paragraphs. (A)-(i) above;.
Contains negative pledge.