Identify the principal contents of a debenture trust deed.

 The trustees have a legal mortgage over the company‟s assets.
 A covenant the company to pay debenture holders the principal and interest.
A clause specifying the events in which the security is to become enforceable e.g. default in payment of interest or principal, cessation of business etc.
 Covenant the company to keep a register of debenture holders, and to insure the security as well as keep the same in repair
 Provision for meetings of debenture holders
 Type of nature or security given
Details of any sinking fund proposed the company to provide for stock redemption

Powers of trustees to:
Take possession of the property charged when the security becomes enforceable
 Regulate dealings with the property charged
 Appoint a receiver when the security becomes enforceable
 Sell the security

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