Common use of Borrowing Limit Clause in Contracts

Borrowing Limit. (i) The Issuer has, if required, increased its borrowing limits to enable issuance of the Debentures to the Original Debentureholder in accordance with the terms of this Deed by taking all the requisite actions, including obtaining the relevant corporate Authorizations; (ii) The Original Debentureholder has received certification from the Issuer's auditor that the issuance of the Series A Debentures together with the existing borrowing of the Issuer will not breach any borrowing or similar limit applicable on the Issuer; and (iii) The Original Debentureholder has received certification from the Issuer's auditor that no shareholder’s approval is required pursuant to Sections 42 and 180(1)(c) of the 2013 Act as the Aggregate Debenture Subscription Amount together with the money already borrowed by the Issuer will not exceed aggregate of its paid-up share capital, free reserves and securities premium, apart from temporary loans obtained from the Issuer’s bankers in the ordinary course of business.

Borrowing Limit. (i) The Issuer has, if required, increased its borrowing limits to enable issuance of the Debentures to the Original Debentureholder in accordance with the terms of this Deed by taking all the requisite actions, including obtaining the relevant corporate Authorizations; (ii) The Original Debentureholder has received certification from the Issuer's auditor that the issuance of the Series A B Debentures together with the existing borrowing of the Issuer will not breach any borrowing or similar limit applicable on the Issuer; and (iii) The Original Debentureholder has received certification from the Issuer's auditor that no shareholder’s approval is required pursuant to Sections 42 and 180(1)(c) of the 2013 Act as the Aggregate Debenture Subscription Amount together with the money already borrowed by the Issuer will not exceed aggregate of its paid-up share capital, free reserves and securities premium, apart from temporary loans obtained from the Issuer’s bankers in the ordinary course of business.

Borrowing Limit. (i) The Issuer has, if required, increased its borrowing limits to enable issuance of the Debentures to the Original Debentureholder in accordance with the terms of this Deed by taking all the requisite actions, including obtaining the relevant corporate Authorizations; (ii) The Original Debentureholder has received certification from the Issuer's auditor that the issuance of the Series A Debentures together with the existing borrowing of the Issuer will not breach any borrowing or similar limit applicable on the Issuer; and (iii) The Original Debentureholder has received certification from the Issuer's auditor that no shareholder’s approval is required pursuant to Sections 42 and 180(1)(c) of the 2013 Act as the Aggregate Debenture Subscription Amount together with the money already borrowed by the Issuer will not exceed aggregate of its paid-up share capital, free reserves and securities premium, apart from temporary loans obtained from the Issuer’s bankers in the ordinary course of business.