Common use of Particular Affirmative Covenants Clause in Contracts

Particular Affirmative Covenants. Unless the Debenture Holders shall otherwise agree, the Company shall: A) UTILISATION OF PROCEEDS OF THE ISSUE Use the proceeds of the issue for the purpose as sanctioned and accordingly the Company shall furnish us a Certificate of Utilisation of the proceeds duly signed by the Auditor. The proceeds of the Debentures shall not be utilised by the Company for the purpose of financing / replenishing funds or acquiring shares/securities of other Companies."