Debenture Trustee Duties: trust deed must specify charges, events of default, trustee rights, corporate obligations, and reporting. The trust deed must vest debenture holders' rights in the trustee and describe debenture terms, provide detailed particulars of existing and future charged securities (nature, rank, creation, enforceability, preservation and valuation), define events of default with trustee remedies, set out trustee rights of inspection and nomination, and impose issuer obligations including registers, financial disclosures, insurance and maintenance of charged assets, compliance, redemption reserve, conversion duties, and quarterly reporting to trustees about holders, unpaid interest, grievances and security sufficiency.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Debenture Trustee Duties: trust deed must specify charges, events of default, trustee rights, corporate obligations, and reporting.
The trust deed must vest debenture holders' rights in the trustee and describe debenture terms, provide detailed particulars of existing and future charged securities (nature, rank, creation, enforceability, preservation and valuation), define events of default with trustee remedies, set out trustee rights of inspection and nomination, and impose issuer obligations including registers, financial disclosures, insurance and maintenance of charged assets, compliance, redemption reserve, conversion duties, and quarterly reporting to trustees about holders, unpaid interest, grievances and security sufficiency.
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