Jurisdiction(s):
United Kingdom
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Key definition
Debenture definition

What does Debenture mean? In legal practice, a debenture is the instrument by which a company evidences debt and grants security for that borrowing. Statute defines the term broadly (Companies Act 2006, s.738; Companies Act 2014 (Ireland)) to include bonds and other debt securities whether or not secured, but market usage in the UK and Ireland usually means a secured facility document. A debenture often takes the form of an all‑assets (or “general”) debenture creating fixed charges over specified assets and a floating charge over the company’s undertaking, or a specific debenture over particular assets. It commonly includes covenants, events of default...

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Syndicated Multi‑Chargor Specific Monies Debenture: Fixed and Floating Charges over All Assets, Assignments of Shares/Contracts/Insurance, Blocked Account, and Accession Mechanics (England and Wales)

Precedents
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This Deed is dated [ insert day and month ] 20[ insert year ]

Parties

  1. THE COMPANIES named in Schedule 1 (each, a chargor, and collectively, the Chargors);
  2. and [ insert name of Security Agent ], acting as security agent and trustee for the Finance Parties pursuant to the terms and conditions contained in the [ Facilities agreement OR Intercreditor Agreement OR Security Trust Deed ] (the Security Agent).

Recitals

  1. The Finance Parties have consented to provide loan facilities in accordance with the terms and conditions described in the Facilities Agreement (as defined below).
  2. A condition precedent to the availability of those loan facilities is that each Chargor executes this Deed to grant security in favour of the Security Agent for the Secured Obligations (as defined below)...
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Web page updated on 22/05/2026

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