Assets ceased/released
All of the property or undertaking has been released from the charge
Persons entitled
- Prudential (An) Limited
Amount secured
All liabilities which are now incurred or may in the future become incurred to the reinsured by the chargor
Short particulars
Undertaking and all property and assets present and future of the company including uncalled capital.
Contains floating charge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge