9 Feb 2010
BELGRAVE FINANCE LTD (IN RECEIVERSHIP) V KC SECURITIES LTD HC AK CIV-2009-404-006022
- Citation
- openlaw-a5d7f796_0112_42c0_be50_aa39a15ac54f.pdf
- Court
- High Court
The interest element in clause (b) is limited to interest actually falling due from an Enforcement Date and is not a freestanding 24‑month notional buffer; the applicable Enforcement Date was the expiry of the s92 notice on 7 December 2007, producing a First Secured Party Priority Amount that left surplus sale proceeds sufficient to satisfy Belgrave Finance's claim, so judgment is entered for Belgrave.