Common use of XXXXX, XXXXXX AND TRANSFER Clause in Contracts

XXXXX, XXXXXX AND TRANSFER. For the consideration aforesaid and as continuing security for the Secured Obligations hereby secured or intended to be hereby secured, the Company doth hereby grant, convey, assign, assure, and transfer unto the Trustee, assign, assure and transfer unto and in favour of the Debenture Trustee by way of a first pari-passu charge, all rights, titles, interests, benefits, claims and demands whatsoever of the Company in, to, and in respect of all present and future book debts and other debts, receivables, revenues, claims and choses-in-action of whatsoever nature and howsoever and wherever arising due or owing to or become due or owing to or acquired by the Company relating to / arising from the Hypothecated Properties including but not limited to deposits and all claims for damages and other remedies for non-payment of the same or any encumbrance of whatsoever nature, arising howsoever may at any time hereafter during the continuance of the security become due and owing to or acquired by the Company in the course of its business and the full benefit of all rights and remedies relating thereto more particularly described in the First Schedule written hereinunder (collectively, the "Hypothecated Property") TO HAVE AND TO HOLD all and singular the Hypothecated Property as security for the Debenture Trustee unto and to the use of the Debenture Trustee upon trust and for the benefit of the Debenture Holder(s)/Beneficial Owner(s). The Company undertakes that all Security Documents, when executed, delivered and registered (where necessary) and when appropriate forms are filed as required under Applicable Law, shall create the Security expressed to be created thereby over the assets referred therein and such assets are not subject to any prior security interests.

Appears in 3 contracts

Samples: www.bseindia.com, www.bseindia.com, www.bseindia.com

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XXXXX, XXXXXX AND TRANSFER. For the consideration aforesaid and as continuing security for the Secured Obligations hereby secured or intended to be hereby secured, the Company doth hereby grant, convey, assign, assure, and transfer unto the Trustee, assign, assure and transfer unto and in favour of the Debenture Trustee by way of a first pari-passu charge, all rights, titles, interests, benefits, claims and demands whatsoever of the Company in, to, and in respect of all present and future book debts and other debts, receivables, revenues, claims and choses-in-action of whatsoever nature and howsoever and wherever arising due or owing to or become due or owing to or acquired by the Company relating to / arising from the Hypothecated Properties including but not limited to deposits and all claims for damages and other remedies for non-payment of the same or any encumbrance of whatsoever nature, arising howsoever may at any time hereafter during the continuance of the security become due and owing to or acquired by the Company in the course of its business and the full benefit of all rights and remedies relating thereto more particularly described in the First Schedule written hereinunder (collectively, the "Hypothecated Property") TO HAVE AND TO HOLD all and singular the Hypothecated Property as security for the Debenture Trustee unto and to the use of the Debenture Trustee upon trust and for the benefit of the Debenture Holder(s)/Beneficial Owner(s). The Company undertakes that all Security Documents, when executed, delivered and registered (where necessary) and when appropriate forms are filed as required under Applicable Law, shall create the Security expressed to be created thereby over the assets referred therein and such assets are not subject to any prior security interests.. Bajaj Housing Finance Ltd. Catalyst Trusteeship Ltd. Debenture Trust--Cum-Hypothecation Deed (Series 25; RS.985 crore )

Appears in 1 contract

Samples: www.bseindia.com

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XXXXX, XXXXXX AND TRANSFER. For the consideration aforesaid and as continuing security for the Secured Obligations hereby secured or intended to be hereby secured, the Company doth hereby grant, convey, assign, assure, and transfer unto the Trustee, assign, assure and transfer unto and in favour of the Debenture Trustee by way of a first pari-passu charge, all rights, titles, interests, benefits, claims and demands whatsoever of the Company in, to, and in respect of all present and future book debts and other debts, receivables, revenues, claims and choses-in-action of whatsoever nature and howsoever and wherever arising due or owing to or become due or owing to or acquired by the Company relating to / arising from the Hypothecated Properties including but not limited to deposits and all claims for damages and other remedies for non-payment of the same or any encumbrance of whatsoever nature, arising howsoever may at any time hereafter during the continuance of the security become due and owing to or acquired by the Company in the course of its business and the full benefit of all rights and remedies relating thereto more particularly described in the First Schedule written hereinunder (collectively, the "Hypothecated Property") TO HAVE AND TO HOLD all and singular the Hypothecated Property as security for the Debenture Trustee unto and to the use of the Debenture Trustee upon trust and for the benefit of the Debenture Holder(s)/Beneficial Owner(s). The Company undertakes that all Security Documents, when executed, delivered and registered (where necessary) and when appropriate forms are filed as required under Applicable Law, shall create the Security expressed to be created thereby over the assets referred therein and such assets are not subject to any prior security interests.. Bajaj Housing Finance Ltd. Catalyst Trusteeship Ltd. Debenture Trust--Cum-Hypothecation Deed (Series 23; RS. 1,138,870,800/- ) THE FIRST SCHEDULE ABOVE REFERRED TO (Description of the Secured Assets) All those book-debts and receivables due to the Company under various loans,(Receivables under Financing Activity, Current Assets and Receivables, Cash and Bank Balance, Current investment, Advance recoverable, Provided that this shall not include any investment made by the Company in unencumbered approved securities invested pursuant to Section 45-IB of the Reserve Bank of India Act, 1934;) on first pari-passu basis with Banks which granted working capital limits and / or term loan to the company and the debenture-holders. Bajaj Housing Finance Ltd. Catalyst Trusteeship Ltd. Debenture Trust--Cum-Hypothecation Deed (Series 23; RS. 1,138,870,800/- ) THE SECOND SCHEDULE ABOVE REFERRED TO (Procedure to be followed for Debentures issued in Electronic (Dematerialized)/Demat Form)

Appears in 1 contract

Samples: www.bseindia.com

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