Titan Europe 2007-1 (NHP) Limited - Irish Stock Exchange

(b) first fixed charges over its interest in all shares, stocks, debentures, bonds or other securities;
(c) first fixed charges over all plant and machinery owned by it and its interest in any plant or machinery in
its possession;
(d) first fixed charges over all of its rights in respect of any amount standing to the credit of any account it
has with any person and the debt represented by it;
(e) first fixed charges over all of its book and other debts, all other moneys due and owing to it and all
related rights, securities or guarantees relating to the same;
(f) absolute assignments, subject to provisos for re-assignment on redemption, of all of its rights in respect
of any contract or policy of insurance taken out by it or on its behalf or in which it has an interest;
(g) absolute assignments, subject to provisos for re-assignment on redemption, of all of its rights in respect
of the hedging arrangements to which it is a party;
(h) absolute assignments, subject to provisos for re-assignment on redemption, of all of its rights in respect
of each lease, all Rental Income, under any guarantee of Rental Income and under each management
agreement, each agreement for lease and any other agreement to which a chargor is a party and which
the Security Agent has designated in writing as a Relevant Contract (a “Relevant Contract”);
(i) first fixed charges over, inter alia, its goodwill, the benefit of any authorisation (statutory or otherwise)
held in connection with its use of any charged asset and its uncalled capital; and
(j) first floating charges over all its assets not otherwise effectively mortgaged, charged or assigned by
way of fixed mortgage, charge or assignment under the Security Agreement to which it is a party.
Scottish Security: Each Property Owner that owns a Property located in Scotland granted a first ranking
fixed security over such Property in favour of the Security Agent as security for the payment of all the Secured
Liabilities by way of a standard security and assigned its rights to the Rental Income with respect to such
Property pursuant to a Scots law assignation of rent. The Security Agent holds the benefit of the security as
trustee for the Secured Creditors.
Northern Irish Security: Each Property Owner that owns a Property located in Northern Ireland has granted
security in favour of the Security Agent as security for the payment of all the Secured Liabilities over all of its
present and future assets located in Northern Ireland pursuant to a Northern Irish law Security Agreement on
similar terms as the English Security Agreement. This security included a first legal charge over each registered
Property and a first legal mortgage of all unregistered Property located in Northern Ireland and an assignment of
all its rights under each lease, all Rental Income, under any guarantee of Rental Income and under each Relevant
Contract in respect of such Property. The Security Agent holds the benefit of the security for itself and as agent
and trustee for the Secured Creditors.
Other Obligors
English Security Agreements: Each Obligor other than the Property Owners granted the following security
pursuant to an English Security Agreement:
(a) first legal mortgages or first fixed charges over all of their respective estates or interests in any freehold
and long leasehold property located in England & Wales, including each Property owned by them;
(b) first fixed charges over their respective interests in all shares, stocks, debentures, bonds or other
securities and investments owned by them or held by any nominee on their behalves;
(c) first fixed charges over all plant and machinery owned by each and their respective interest in any plant
or machinery in their possession;
(d) first fixed charges over all of their respective rights in respect of any amount standing to the credit of
any account each may have with any person and the debt represented by each;
(e) first fixed charges over all of their respective book and other debts, all other moneys due and owing to
each and all related rights, securities or guarantees relating to the same;
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