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AS A CONTIN UING SECURITY FOR THE PAYMENT AND DISCHA RGE OF THE SECURED LIABILITIES THE CHARG OR WITH FULL TITLE GUARANTEE ASSIGNS TO THE LENDER ABSOLUTELY, SUBJECT TO A PROV ISO FOR REASSIGNMENT ON IRREVOCABLE DISC HARGE IN FULL OF THE SECURED LIABILITIES ALL ITS RIGHTS IN EACH INSURANCE POLICY , INCLUDING ALL CLAIMS, THE PROCEEDS OF ALL CLAIMS AND ALL RETURNS OF PREMIUMS I N CONNECTION WITH EACH INSURANCE POLICY. AS A CONTINUING SECURITY FOR THE PAYMEN T AND DISCHARGE OF THE SECURED LIABILITI ES, THE CHARGOR WITH FULL TITLE GUARANTE E ASSIGNS TO THE LENDER ABSOLUTELY, SUBJ ECT TO A PROVISO FOR REASSIGNMENT ON IRR EVOCABLE DISCHARGE IN FULL OF THE SECURE D LIABILITIES ALL ITS RIGHTS IN EACH INS URANCE POLICY, INCLUDING ALL CLAIMS, THE PROCEEDS OF ALL CLAIMS AND ALL RETURNS OF PREMIUMS IN CONNECTION WITH EACH INSU RANCE POLICY. AS A CONTINUING SECURITY F OR THE PAYMENT AND DISCHARGE OF THE SECU RED LIABILITIES, THE CHARGOR WITH FULL T ITLE GUARANTEE CHARGES TO THE LENDER, BY WAY OF FIRST FLOATING CHARGE, ALL THEIR UNDERTAKING, PROPERTY, ASSETS AND RIGHT S NOT OTHERWISE EFFECTIVELY MORTGAGED, C HARGED OR ASSIGNED UNDER CLAUSE 3.1 TO C LAUSE 3.2 OF THE DEBENTURE INCLUSIVE. PL EASE SEE INSTRUMENT FOR FURTHER DETAILS. 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Ownership & control connections