Common use of Further borrowings Clause in Contracts

Further borrowings. The Company shall without the approval of the Trustees be entitled to make further issue(s) of Bonds, raise further loans and advances and/or avail further deferred payment guarantees or other financial facilities from time to time from such persons/banks/financial institutions or body corporate/ any other agency. However, until the Bonds are fully redeemed the Company shall not create any mortgage or charge on any of the aforesaid Specifically Mortgaged Premises without the prior written approval from the Bondholder(s)/ Beneficial Owner(s).