Persons entitled
- Santander UK PLC
Brief description
Terms used here have the same meaning as those in the charge document.. 1. the company charges to the lender, as a continuing security for the payment and discharge of the secured liabilities, the following assets, both present and future:. A) by way of legal mortgage. I) all estates or interests in any freehold, leasehold or commonhold property in england and wales now belong to the company.. B) and by way of fixed charge:. I) (to the extent that they are not the subject of an effective mortgage under clause 1A above) all estates or interests in any freehold, leasehold or common hold property in england and wales now or hereafter belonging to the company; ii) all other interests belonging to it in or over land or the proceeds of sale of land and all licences now or in the future held by it to enter on or use land; iii) the benefit of all other agreements relating to each property to which it is or may become a party or otherwise entitled; iv) all plant, machinery and equipment owned by the company and its interest in any plant, machinery and equipment in its possession; v) its rights under the appointment of any managing agent of any of the properties; vi) all its rights, title and interest in the insurances; vii) its investments together with all related rights viii) all its intellectual property; ix) the amount from time to time standing to the credit of any account; (x) all of its book and other debts and their proceeds and all monies due and owing to it together with the full benefit of all security, collateral instruments and other rights relating to any of the foregoing; xi) all its goodwill and uncalled capital; xii) the benefit of all authorisations held in connection with its business or the use of any charged assets and the right to recover and receive all compensation which may be payable to it in respect of such authorisations or the charged assets; and xiii) if and in so far as any assignment in clause 2 below shall for any reason be ineffective as an assignment, the assets referred to in that clause.. 2. the company assigns to the lender absolutely as a continuing security for the payment and discharge of the secured liabilities all its rights, title and interest both present and future in and to:. A) the rental income and all the company’s other rights, title and interest under each occupational lease; and b) and hedging agreement.. On the unconditional and irrevocable payment and discharge in full of the secured liabilities, the lender will, at the request and cost of the company, reassign the charged assets referred to in this clause to the company or as it may direct.. 3. the company charges to the lender as a continuing security for the payment and discharge of the secured liabilities by way of floating charge all its undertaking, property and assets whatsoever and wheresoever both present and future, other than any property or assets from time to time effectively charged by way of legal mortgage or fixed charge pursuant to clause 1 above (fixed charge) or assigned pursuant to clause 2 above (assignment).
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.