Agreement For Pledge of Shares
Agreement For Pledge of Shares
Agreement For Pledge of Shares
7. For giving effect to this Agreement, the pledgors hereby constitute and appoint Lead
Institution as their attorney in their name and on their behalf to execute and do all acts and
things and to complete, when required, the transfer of the said shares in favour of Lead
Institution or such other person as may be required by Lenders or any one of them ~and also to
do all such other acts and things for giving effect to the provisions hereof, and powers reserved
to the Lenders.The pledgors hereby agree and undertake to ratify and confirm all and
whatsoever the Security Trustee shall lawfully do or cause to be done by virtue of this clause.
8. When the said Loan or Loans and other moneys are recovered or repaid by the Borrower in
full, the Lead Institution shall, as far as may be, return the share certificates more particularly
described in Schedule II hereto together with the transfer deeds absolutely to the pledgors or, as
the case may be, subject to the pledgors obtaining approvals of such authorities as may be
necessary, transfer at the cost of the Borrower the said shares to the pledgors. The pledgors will
indemnify the Security Trustee against all costs and liabilities, which may be incurred or
sustained in respect of the said pledged shares
Schedules SCHEDULE I
(PARTICULARS OF THE LENDERS AND LOANS)
(Rupees in
crore) (US $ in Million)
Sr. Name of the Lender/address RTIJ FCL FLG Total
No. NCD
1 . The XYZ Finance Company Ltd.
......................... Mumbai 54.00 54.00 250.00 304.00
(US $) (US $)
2. STP Development Bank Ltd.
.................... Mumbai 35.00 35.00 70.00
(US$) (US $)
3. Power Finance Corporation 272.00
Limited
………………… 212. 60.00
50 (US $)
4.
ABC Finance Corporation Ltd. 40.00 40.00
.......................................
5. AAA Insurance Corporation of
India
. ………………… 5.00 5.00
MUMBAI - 400 020
6. BBB Finance & Insurance Co.
Ltd.
........................ Mumbai - 400 001 5.00 - 5.00
-7. CCC Finance Corporation Ltd.
…………………. 3.00 - 3.00
New Delhi-110002
8. DDD Finance Company Ltd.
.............................. Hyderabad 3.00 - 3.00
9. XXZ Finance & Insurance
Corporation Ltd. 4.00 - 4.00
...................... Chennai - 600 014
10. ABC Bank
........................... - 20.00 60-00 80.00
Bangalore (US $ (US $
5.00) 15.00)
11. DEB Bank
........................ 35.00 - 13.50 23.50
Mumbai (US $
3.375)
12. GHI Bank
......................... - 24.00 24.00
Mumbai (US $
6.00)
13. The JKL Bank Limited
....................... 20.00 10.00 20.00
Mumbai (US $
2.50)
TOTAL (in Rupees)
(in US$)
SCHEDULE II
Sr. Name of Pledgor Face No. of Equity/ Share Distinctive
No. Value Shares Pref. Certi- No.
of ficate
Shares No.
(i) Santex Construction 10 47500000 Equity 12 000000608
Limited to
238066667
(ii) Santex Investments 10 95000000 Equity 13 238066667
Ltd. to
323000000
(iii) UVW Power 10 6500000 Equity 16 323000001
Generation Limited to
350000002
(PARTICULARS OF SHARES)
Testimonium IN WITNESS WHEREOF the pledgors have caused their seal to be
affixed hereto on the day, month and year first above written.
Execution
The Common Seal of Santex
Construction Ltd., has pursuant
to the Resolution of its Board of
Director passed on ......
hereunto been affixed in the
presence of Mr . ....................
Director, who signed these
presents and Mr ....................
authorised person who has
signed/counter signed the same
in token thereof.
The Common Seal of Santex
INVESTMENTS LTD., has
pursuant to the Resolution of its
Board of Director passed on
............ hereunto been affixed
in the presence of Mr . ............
Director, who signed these
presents and Mr . ............
authorised person who has
signed/counter signed the same
In token thereof.
The Common Seal of UVW
Power Generation LIMITED,
has pursuant to the Resolution
of its Board of Director passed
on hereunto been affixed
in the presence of Mr ..............
Director, who signed these
presents and Mr . ..................
authorised person who has
signed/countersigned the same
in token thereof.
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