Debenture Trust Deed

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..... due, as per the terms of offer; (d) The terms of conversion/redemption of the debentures in terms of the issue to the debenture holders, options available, and debt equity ratio and debt service coverage ratio, if applicable. 2. DETAILS OF CHARGE CREATED (in case of secured debentures): (a) Nature of charge created and examination of title; (b) Rank of charge created viz. first, second, pari passu, residual, etc; (c) Minimum security cover required; (d) Complete details of the asset(s) on which charge is created such as description, nature, title, location, value, basis of valuation etc.; (e) Methods and mode of preservation of assets charged as security for the debentures; .....

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..... (f) Rights of the trustee including the right to inspect the registers of the company and to take copies and extract thereof and the right to appoint a nominee director; (g) Duties of the trustee. 4. EVENTS OF DEFAULTS (a) Events under which the security becomes enforceable which shall include the following events: (i) When the company makes two consecutive defaults in the payment of any interest which ought to have been paid in accordance with the terms of the issue; (ii) When the company without the consent of debenture holders ceases to carry on its business or gives notice of its intention to do so; (iii) When an order has been made by the Tribunal or a special resolution has be .....

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..... duties and obligations, including copies of reports, balance sheets , profit and loss account etc.; (e) keeping charged property/security adequately insured and in proper condition; (f) paying all taxes, cesses, insurance premium with respect to charged property/security, on time; (g) not declaring any dividend to the shareholders in any year until the company has paid or made satisfactory provision for the payment of the installments of principal and interest due on the debentures; (h) creating the debenture redemption reserve; (i) converting the debentures into equity in accordance with the terms of the issue, if applicable; (j) informing the debenture trustee about any change in natu .....

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