Common use of Form of the Debentures Clause in Contracts

Form of the Debentures. 7.1 The Debentures will be issued in dematerialised form, by crediting the demat accounts of the Beneficial Owner(s), the same shall be issued by the Company by following the procedure stipulated for issuance of the Debentures in demat form, as more particularly described in the Third Schedule hereunder written. 7.2 The principal amount of the Debentures(inclusive of penal interest where applicable) and all other monies hereby secured shall, as between the holders of the Debentures, inter se rank pari passu without any preference or priority whatsoever on account of date of issue or allotment or otherwise. 7.3 The Company has entered into depository arrangements with NSDL and CDSL for the issue of the Debentures in dematerialised form. The Debenture Holder(s) who hold the Debentures in dematerialised form will deal with the same as per the provisions of the ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇, the regulations thereunder and the rules and bye-laws of NSDL and CDSL. 7.4 The Financial Covenants and Conditions shall be binding on the Company and the Debenture Holder and all persons claiming by, through or under it and shall enure to the benefit of the Trustee and all persons claiming by, through or under them. The Trustee shall be entitled to enforce the obligations of the Company under or pursuant to the Financial Covenants and Conditions as if the same were set out and contained in these presents. 7.5 The Company shall at all times follow the guidelines issued by NSDL/CDSL for issuance of Debentures.

Form of the Debentures. 7.1 The Debentures will be issued Debentures, in dematerialised form, by crediting are to be credited in the demat accounts of the Beneficial Owner(s), the same shall be issued by the Company by following the procedure stipulated for issuance of the Debentures in demat form, as more particularly described in Part – “A” of the Third Second Schedule hereunder written. 7.2 The Company, on a request being received by any Debenture Holder, subject to the Applicable Law, may rematerialise Debentures in accordance with the rules and procedures prescribed by Depositors Act, 1996. All costs arising from the request of rematerialisation shall be borne by the requestor. 7.3 The principal amount of the Debentures(inclusive Debentures, together with redemption premium, if any, and accrued interest (inclusive of penal interest where applicable) and all other monies hereby secured shall, as between the holders of the Debentures, inter se rank pari passu without any preference or priority whatsoever on account of date of issue or allotment or otherwise. 7.3 7.4 The Company has entered into depository arrangements with NSDL and CDSL for the issue of the Debentures in dematerialised form. The Debenture Holder(s) who hold the Debentures in dematerialised form will deal with the same as per the provisions of the ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇Depositories Act, ▇▇▇▇1996, the regulations thereunder and the rules and bye-laws of NSDL and CDSL. 7.4 7.5 The Financial Covenants and Conditions shall be binding on the Company and the Debenture Holder and all persons claiming by, through or under it and shall enure ensure to the benefit of the Trustee and all persons claiming by, through or under them. The Trustee shall be entitled to enforce the obligations of the Company under or pursuant to the Financial Covenants and Conditions as if the same were set out and contained in these presents. 7.5 7.6 The Company shall at all times follow Debentures to be issued in the dematerialised form, the guidelines issued by NSDL/CDSL for issuance of Debenturesshall be followed.