Common use of Covenant to Pay Redemption Installments and Coupon Clause in Contracts

Covenant to Pay Redemption Installments and Coupon. 2.2.1 The Company undertakes and covenants with the Debenture Trustee that the Company shall repay and redeem, each Redemption Instalment on the Scheduled Redemption Dates in accordance with Section 12.7.1 of this Deed and the Information Memorandum. Provided that if so called upon by the Debenture Trustee, the Company shall make payments as aforesaid to or to the order of or for the account of the Debenture Trustee and such payment shall be deemed to be in satisfaction of the aforesaid covenant of the Company to make such payments to the Debenture Holder(s)/Beneficial Owner(s). Such payments shall be passed on to the Debenture Holder(s)/Beneficial Owner(s), subject to the appropriation in the order of preference mentioned in Section 5.8 of this Deed.