Narrative
Full Description
Project narrative
On or around November 17, 2017, the London Branch of the Industrial and Commercial Bank of China (ICBC) entered into a term loan facility agreement with Jamaica Street Estates Limited — an England and Wales-incorporated privately-held company — for unspecified purposes. This loan benefited from a negative pledge. This loan was secured by (i.e. collateralized against) a standard security all and whole the subjects being the former site of 27, 29, 31, 33, 35, 37, 39, and 41 Jamaica Street, Glasgow and 18 and 20 Adams Court Lane, Glasgow which subjects are registered in the Land Register of Scotland under title number GLA160481 with the whole buildings and erections thereon, the fitting and fixtures therein and thereon, the parts, privileges, and pertinents thereof, the whole rights common, mutual, and exclusive offering thereto, and the charger's whole right, title and interest, present and future, therein and thereto as charged by Jamaica Street Estates Limited in a standard security charge dated on November 24, 2017, an assignation of rents from a lease between Standard Life Investment Funds Limited and Q-Park Limited date March 22 and 28, 2011 and registered in the Books of Council and Session on April 28, 2011, on all and whole of the subjects being the former site of 27, 29, 31, 33, 35, 37, 39, and 41 Jamaica Street, Glasgow and 18 and 20 Adams Court Lane, Glasgow registered in the Land Register of Scotland under title number GLA160481, of as charged by Jamaica Street Estates Limited on November 8, 2017, a first fixed charge on all interests and estates in any freehold, leasehold, or commonhold property now or subsequently owned by it, the proceeds of sale of its secured property and all licenses to enter on, the benefit of all other agreements, instruments, and rights relating to its secured, all planet, machinery, vehicles, computers, office and other equipment, all furniture, furnishings, equipment and tools and any removals or replacement of them, present and future and the benefit of all contracts, licenses, warranties, maintenance contracts, relating to them and any renewals and replacements of them, the investments together with all related rights, all book and other debts due to the borrower and their proceeds and all rights, guarantees, security, or other collateral in respect of the debts, all monies from time to time standing to the credit of each blocked account (a rent account, deposit account, disposals account, and other account designated by a blocked account), all monies from time to time standing to the credit of each account including, without limitation, the general account held by the borrower any institution or person, all its intellectual property, all its goodwill and uncalled capital, the benefit of all authorizations held or utilized by it in connection with its business, and a first floating charge on all its assets and undertaking wherever located both present and future other any effects already subject to a legal mortgage or fixed charge as charged by Jamaica Street Estates Limited per a security agreement dated November 17, 2017. All three charges were satisfied on September 7, 2018.