Issuers must submit security cover, guarantor and valuation reports to debenture trustees within specified periodic timelines. Issuers must submit specified periodic reports to Debenture Trustees to enable continuous due diligence: Security Cover Certificates quarterly (within 60 days of quarter end; 75 days for last quarter); statements of pledged securities, Debt Service Reserve Account values, and net worth certificates of personal guarantors half yearly (within 60 days); audited guarantor financials annually (within 60 days); and valuation and title search reports once every three years (within 60 days). These timelines take effect from the quarter ended December 31, 2025.
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Provisions expressly mentioned in the judgment/order text.
Issuers must submit security cover, guarantor and valuation reports to debenture trustees within specified periodic timelines.
Issuers must submit specified periodic reports to Debenture Trustees to enable continuous due diligence: Security Cover Certificates quarterly (within 60 days of quarter end; 75 days for last quarter); statements of pledged securities, Debt Service Reserve Account values, and net worth certificates of personal guarantors half yearly (within 60 days); audited guarantor financials annually (within 60 days); and valuation and title search reports once every three years (within 60 days). These timelines take effect from the quarter ended December 31, 2025.
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