Persons entitled
- Hsbc Bank PLC
Amount secured
All sums due or to become due
Short particulars
Any debts purchased by the bank under clause 6 of the insured export finance facility letter but only in so far as they are not being held in trust by the chargor of the bank in terms of clause 4(d) of the insured export finance facility letter and (b) any sum or sums to be paid to the chargor under any letters of credit in respect of which monies have been advanced by the bank to the chargor under any export line option.
Contains floating charge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge