Deposit Trust Deed

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..... s stating the terms of redemption of the deposits in terms of the scheme to the deposit holders, options available, and debt equity ratio and debt service coverage ratio, if applicable. DETAILS OF CHARGE CREATED:- 1.Nature of charge created; 2.Rank of charge created viz. first, second, pari passu, residual, etc; 3.Minimum security cover to be provided; 4.Asset(s) on which charge is created; 5.Other particulars of the charge, e.g., time period of charge, rate of interest, name of the charge holder; 6.Provision for subsequent valuation; 7.Undertaking by the company not to create further charge or encumbrance over the trust property without the approval of the trus .....

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..... duties and obligations as trustee under the trust deed; 3.the company will not utilize any portion of the deposit for purposes other than those for which the same are accepted; 4.the company will inform the trustee of any material changes in the existing management set up; 5.the company will not declare any dividend to the shareholders in any year until the company has paid or made satisfactory arrangements for the payment of the principal amounts of matured deposits and interest due on the deposits; and 6.the company shall immediately notify the trustee if it becomes aware of any event of default or any other circumstance which may prejudice the interests of the deposit holders. EVENTS OF D .....

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..... y, actions necessary for protection of the mortgaged property and other steps required for protecting the interests of the depositors. 3.Covenant to the effect that the trustees may lodge a claim under insurance for payment to depositors in terms of deposit insurance. 4.Covenant to the effect that the balance proceeds of any sale of the mortgaged premises shall, after setting off of all costs, charges and expenses incurred for the sale and payment of interest and the principal money due to deposit holders, be paid to the company or its assignee MISCELLANEOUS 1. The conditions under which the provisions of the trust deed or the terms and conditions of the deposits may be modified; 2. The mode .....

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