Common use of Default in payment of interest Clause in Contracts

Default in payment of interest. Any default by the Company in the payment of any installment of interest of the Debentures, as and when the same shall have become due and payable and such failure is not rectified within seven (7) Business Days.

Appears in 2 contracts

Sources: Debenture Trust Cum Hypothecation Deed, Debenture Trust Cum Hypothecation Deed