Examples of Deemed Date of Allotment in a sentence
The Issuer shall, and shall cause each of the Subsidiaries, to ensure from the Deemed Date of Allotment continued application of their respective existing human resources policies on labor and working conditions consistent with the Original Debentureholder’s labor and working conditions policy contained in the Performance Standard 2 (Labour and Working Conditions).
In case of delay in listing the Debentures beyond 3 (three) Trading Days from the date of closure of the issue of the Debentures, the Issuer shall pay penal interest of 1% (one per cent) per annum over the Interest Rate for the period of delay (i.e. from the Deemed Date of Allotment to the date of listing).
On the Deemed Date of Allotment, a certified copy of the resolution passed by the board of directors (or a committee thereof) of the Issuer for allotting the Debentures.