Charges
Security interests and charges registered against the company
Satisfied Charges
Assignment #1
Fully Satisfied- Marketable Eurodollar Collateralised Securities Limited
Bhb's benefit under the agreement. Please see doc M397.
Third priority charge over shares #3
Fully Satisfied- The Secretary Of State For Transport.
Fixed charge all the companys rights attaching or relating to shares and all assets as defined (see doc M395 for full details).
Second priority charge #2
Fully Satisfied- The Prudential Assurance Company Limitedas Trustee For The Stockholders (as Defined)
By way of fixed charge all the company's present and future ordinary shares in severn, all rights attaching to or relating to such shares and all assets hereafter belonging to it and deriving from such shares or rights. (See doc M395 for full details).
Collateral agreement #4
Fully Satisfied- Morgan Guaranty Trust Company Of New York
All collateral in particular cash & securities clearance accounts opened in connection with the euroclear system. See form 395 for full details ref:M3.
Shares pledge #5
Fully Satisfied- The Governor And Company Of The Bank Of Scotlandfor Itself And As Agent And Security Trustee (the Security Trustee)
20 fully paid 'd' ordinary shares of £1 each in the capital of dundee energy recycling limited and all other securities drived from them by way of bonus rights option etc.