Debenture Bonds

Company / Corporate

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Description:

A debenture bond is a type of debt instrument unsecured by collateral that is used by corporates to raise capital or funds. This debenture agreement sets out the duties of the company towards the debenture holder. The Company is expected to pay the Holder of the Debenture on a monthly basis while there is an outstanding balance on the Debenture. The payment method of this debenture is by amortizing payments with interest.

 

The debenture will usually also contain clauses concerning matters related to late/default payment, transferral of the debenture, notices, waiver, severability etc.

 

How to use this Document?

 

This document should be carefully read by the Company and the potential Debenture Holder.

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed by 1-2 witnesses.

 

The Principal Amount to be paid, Interest Rate, and Payment Date should all be clearly stated in the debenture.

 

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

 

How to Tailor the Document for Your Need?

 

Click “Create Document” button and fill in the details of the parties. You can click the “Fill

with Member’s Information” button to complete the party’s information with your personal or

business information saved to your account.

 

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

 

When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

 

Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a

copy of the executed document.

Document Type:

Corporate / resolution / minutes

Category:

Business > Banking and Finance > Bonds / Debentures / Notes / Derivatives

 
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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.