OUTLET CENTRES LIMITED

All present and future obligations and liabilities (whether actual or contingent, whether owed jointly, severally or in any other capacity whatsoever and whether originally incurred by an obligor or by some other person) of each obligor (as therein defined) to the chargee under the finance documents (as therein defined) or otherwise but does not include any obligation or liability to the extent only that, if it were so included, that obligation or liability would constitute the obligor concerned giving financial assistance within the meaning of, and which is unlawful under, sections 151 and 152 of the companies act 1985 unless such financial assistance is given lawfully, in form and substance satisfactory to the bank, upon proper and timely compliance with sections 155 to 158 of the companies act 1985