Examples of RTL Agreement in a sentence
In view of the aforesaid discussion and reference to the specific clauses in Rupee Facility Agreements on one hand, (for the default of which the 15 Videocon Group Companies are referred to the ongoing CIRP), clearly establishes the substantial right, security and interest qua the foreign oil and gas assets, properties, including interest therein is secured in favour of the Rupee Lenders under the various terms of the RTL Agreement.
Pursuant to the RTL Agreement, a consortium of banks and financial institutions including SBI had agreed to grant ‘Rupee Terms Loans’ to the RTL obligors under an obligor/co-obligor structure.
We reserve the right to cancel the RTL Agreement on any and all properties at any time.
The sanctioned letter annexed to the Petition dated 16th April 2012 of the RTL Agreement mentions name of Respondent No.1 along with 13 obligor / co-obligor Companies to the RTL Agreement.
Now, coming to the RTL Agreement, for default of which the said 15 Videocon Group Companies, including Respondent No.1 / VIL are referred to the CIRP, as particularly referred in the consolidation order dated 8.8.2019.
The Financial Creditors under the RTL Agreement, which are also part of Committee of Creditors ( COC) of the ongoing CIRP, have also created the substantial rights and interest in the foreign oil and gas assets and properties which is evident from the various clauses of the sanction letter for the RTL Facility dated 16th April 2012 and the RTL Agreement.
Clause 12.47 regarding revenues from identified oil and gas assets of RTL Agreement mentions that “The obligor shall ensure that the contracts in respect of product of identified oil and gas assets shall be broadly consistent with the terms envisaged in the business plan.
Trails along creeks that cross Belt Line Road and Main Street shall incorporate both separated grade crossings beneath the roadway bridge and at-grade connections to walks at street level.
The following are some of the points mentioned in the said RTL Agreement which are relevant for present application.
The clauses of the said RTL Agreement also indicate its linkage with the foreign oil and gas assets, properties and interest therein.