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Debenture Trust Companies Act 1216

Category : Companies Act

Debenture Trust company trustee debenture mortgage holder DEBENTURE TRUST This Debenture Trust Deed is made this 29th day of May 1999 between X Co Ltd a company registered under the Companies Act 1956 having its registered office at hereinafter called the company which term shall include its successors of the One Part and Mr AB son of residing at and Mr CD son of residing at hereinafter called the trustees which term shall include their successors and the Trustee for the time being of the Other Part Whereas by clause sub clause of its Memorandum of Association the company is authorised to borrow or raise or secure the payment of money by the issue of debentures charged upon any of the company s properties And whereas the Directors of the company being duly empowered in that behalf by para of the Articles of Association of the company have decided by a resolution passed by the Board of Directors in the meeting of the Board held...