Further borrowings. (In case of pari-passu charge on secured assets): As long as the Security Coverage Ratio does not fall below the percentage / level stipulated under terms of issue, the Company shall, without the approval of the Trustee, be entitled to, to make further issue(s) of debentures, raise further loans and advances and/or avail further deferred payment guarantees or, provide corporate guarantees/comforts or avail any other financial facilities from time to time from such persons/ banks/ financial institutions or body corporate/ any other agency as it deems fit. However, subject to maintenance of security coverage ratio, the company may create any mortgage or charge on any of the Secured Assets, other than the Permitted Security Interest, without obtaining the prior written approval of the Majority Debenture Holders and Debenture Trustee.
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).
Further borrowings. The Borrower covenants that it shall obtain the prior approval of the Lender in writing before borrowing money from other sources or creating any charge on the assets as are secured by way of Security Documents, without Lender’s approval in writing.
Further borrowings. As long as the Company maintains the stipulated Security Cover (as mention in viii above) in respect of the Debentures, the Company shall, without the approval of the Trustee, be entitled to make further issue(s) of debentures, 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. Further, the Company shall not be required to obtain Debenture Holders’ / Debenture Trustee’s consent for creating pari passu charge on the assets given as security for further borrowings all the time stipulated Security Cover is maintained. The Company shall produce certificate from Statutory Auditor of a practicing chartered accountant confirming Security Cover to Debenture Trustee at the time of creation of such pari passu change in respect of future borrowings.
Further borrowings. The Company shall be entitled to make further issue of Debentures and/or raise further loans and/or avail of further deferred payment/guarantee facilities from time to time for any amounts and from such persons/public financial institutions/banks or any other financial corporations or body corporate.
Further borrowings. The Company shall be entitled to make further issue of Debentures and / or raise loans or raise further funds from time to time from such persons / banks / financial institutions or bodies corporate or any other agency. However, until the Debentures are fully redeemed, the Company shall not create any mortgage or charges on any of the aforesaid property or assets without obtaining prior written approval of the Debenture Holders/Trustees of the debentures.
Further borrowings it shall not, unless with the Lender’s prior written consent (such consent not to be unreasonably withheld), incur further borrowings or in any way obtain loans, or advances or credit of whatsoever nature or incur any additional indebtedness from any person, corporation or financial institution (including its directors, shareholders and related corporations);
Further borrowings. The Company shall, without the approval of or intimation to the Trustee or the Debenture Holder(s), be entitled to make further issue(s) of debentures, 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.
Further borrowings. Subject to the Applicable Law, the Issuer shall be entitled, from time to time, to make further issue of Debentures, other debt securities (whether pari passu or junior to the Debentures) to, or avail any credit facilities from financial institutions, banks and/or any other person(s) without any further approval from or notice to the Debenture Holders/Debenture Trustee if such indebtedness does not result in an Event of Default.
