Debenture Holders definition
Examples of Debenture Holders in a sentence
The Issuer shall pay to the Debenture Holders and the Debenture Trustee all amounts due or payable under this Deed and the other Debenture Documents on the respective Debenture Payment Dates.
The Issuer agrees and undertakes that the security interest created over specific movable property (as understood under Rule 18(1)(d) of the Companies (Share Capital and Debenture) Rules, 2014) in favour of the Debenture Trustee, for the benefit of the Debenture Holders, shall be sufficient to discharge principal amounts of the Debentures and the Coupon at all times.
Such payments shall be made by real time gross settlement (RTGS) or national electronic funds transfer (NEFT) to the account of the Debenture Holders.
Provided further that the Debenture Holders seeking an exemption from tax deduction at source or seeking a lower rate of tax deduction at source with respect to the interest payable on the application money received are required to furnish the relevant exemption certificate/document at the time of filing the application form as prescribed in the Information Memorandum.
All Security shall be in a form and manner satisfactory to the Debenture Trustee and the Debenture Holders.