Debenture | Practical Law

Debenture | Practical Law

A standard form debenture created by a company incorporated in England and Wales in favour of a single corporate lender.

Debenture

Practical Law UK Standard Document 3-202-3055 (Approx. 113 pages)

Debenture

Maintained, England, Wales
A standard form debenture created by a company incorporated in England and Wales in favour of a single corporate lender.
This standard document creates a mortgage over properties, fixed charges over a range of other assets and assignments by way of security over the benefit of contracts and insurance policies, together with a floating charge over assets not otherwise mortgaged, charged or assigned.
This standard document contains integrated drafting notes and negotiating tips.
For guidance on drafting a debenture, see Practice note, Drafting a debenture: issues to consider.
For detailed information on legal issues that may arise when drafting a debenture, see Drafting note, About this document below.