Persons entitled
- Metro Bank PLC
Brief description
1.1 the chargor with full title guarantee and as a continuing security for the payment and discharge of the secured liabilities hereby:. 1.1.1 charges by way of first fixed charge to the lender the deposit and all interest accrued and to accrue in respect thereof, together with the benefit of debt(s) arising therefrom; and. 1.1.2 assigns to the lender absolutely all its right, title, interest and benefit in and to the security account and the deposit, including the benefit of the debt represented thereby and all rights of the chargor in relation to the same,. In each case, to the intent that the same shall be a continuing security for the due payment of the secured liabilities.. 1.2 at any time after the occurrence of an enforcement event, the lender may refuse to permit any withdrawals from the security account and may, subject to clause 11.5, without notice or demand apply the deposit and all interest accrued in respect thereof in or towards discharging all or any part of the secured liabilities.
Contains fixed charge.
Contains negative pledge.