Oireachtas Joint and Select Committees
Thursday, 3 May 2018
Public Accounts Committee
Vote 29 - Department of Communications, Climate Action and Environment
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
The security also covers 2RN present and future fixtures and fittings on the DTT transmission sites. That includes anything 2RN constructs on those sites. The bank has security over all 2RN rental income from occupational leases. That is fine. The bank has rights and benefits of 2RN insurance policies and an insurance proceeds account.
Will Ms O'Keeffe explain it to me? If there is a claim in respect of any of the properties, is it the case that Barclays Bank will have first call on the proceeds?
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