Assets ceased/released
Part of the property or undertaking has been released from the charge
Persons entitled
- Canadian Imperial Bank of Commerce as Collateral Agent and Trustee for the Banks
Amount secured
The payment and discharge by the company of the security liabilities
Short particulars
Floating charge over the assets of the company.
Contains floating charge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge