Debenture Trust Deed

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....demption 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; (f) Other particulars of the charge, e.g., time period of charge, rate of interest, name of the charge holder; (g) Provis....

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....r 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 been passed by the members of the company for winding up of the company; (iv) When any breach of the terms of the prospectus inviting the subscriptions of debentures or of the covenants of this deed is committed; (v) When the company creates or attempts to create any charge on the mor....

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....e 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 nature and conduct of business by the company before such change; (k) informing the debenture trustee of any significant changes in the composition of its Board of Directors; (l) informing the debenture trustee of any amalgamation, merger or reconstruction scheme proposed by the company; (m) keeping the debenture trustee informed of all orders, directions, notices, of court/tribunal affecting or likely to affect the charged ass....