Common use of Form of the Debentures Clause in Contracts

Form of the Debentures. 2.4.1 The Debentures, shall be issued in dematerialized form by the Company by following the procedure stipulated for issuance of the Debentures in demat form, as per the guidelines issued by following the procedure stipulated for issuance of the Debentures in demat form, as more particularly described in the Second Schedule hereunder written as per the guidelines issued by the Depository from time to time. 2.4.2 The principal amount of the Debentures, together with redemption premium, interest due, if any, (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. 2.4.3 The Debenture Holder(s)/Beneficial Owner(s) will be entitled to their Debentures free from equities or cross claims by the Company against the original or any intermediate holders thereof. 2.4.4 The Company has entered into depository arrangements with the Depository for the issue of the Debentures in dematerialized form.

Form of the Debentures. 2.4.1 The Debentures, shall be issued in dematerialized form by the Company by following the procedure stipulated for issuance of the Debentures in demat form, as per the guidelines issued by following the procedure stipulated for issuance of the Debentures in demat form, as more particularly described in the Second Schedule hereunder written as per the guidelines issued by the Depository from time to time. 2.4.2 The principal amount of the Debentures, together with redemption premium, interest due, if any, (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. 2.4.3 The Debenture Holder(s)/Beneficial Owner(s) will be entitled to their Debentures free from equities or cross claims by the Company against the original or any intermediate holders thereof. 2.4.4 The Company has entered into depository arrangements with the Depository for the issue of the Debentures in dematerialized form.. 2.5 ISSUANCE OF DEBENTURE