Encumbrance Get Cover Limited UK over the assets of NPFC SPV 1 Inc WY USA dated 03 Nov 2022 Ref. 202211038508241
Lender / Secured party/ies:
Get Cover Limited (UK) and n/aDebtor / Grantor/s:
NPFC SPV 1 Inc (WY, USA) and n/aSecured amount (USD$):
refer to the collateral for this information.Collateral:
Refer to the source document for precise wording, scanned with OCR and AI tools. - Secured Party and Debtor entered into a Note Issuance Agreement in which the Debtor has issued 1 individual Note in the amount of USD $5 million each, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The note is identified as NPFC/UST/CN/2021/01-21. Pursuant to the Note Issuance Agreement and Notes, the Debtor has pledged to the Secured Party as Collateral all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4. The terms of this Collateral Pledge and Security Agreement are detailed in the agreement between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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