Annexure XIV Continued⦠- Edelweiss
Annexure XIV Continued⦠- Edelweiss
Annexure XIV Continued⦠- Edelweiss
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Sr.<br />
No.<br />
Name of Lender<br />
e) Indian Overseas<br />
Bank;<br />
f) Punjab & Sind<br />
Bank; and<br />
g) Punjab National<br />
Bank<br />
Facility<br />
(in million)<br />
Total amount<br />
outstanding<br />
(including<br />
accrued interest)<br />
as on March 31,<br />
2011<br />
(in million)<br />
Rate of Interest<br />
as on March<br />
31, 2011<br />
(per annum)<br />
Repayment<br />
Schedule<br />
Security Created<br />
` 800.00 ` 591.05 acres), Kasaipali (39.18<br />
acres), and leasehold land<br />
at village Kasaipali (192.86<br />
acres) in District- Korba;<br />
` 300.00 ` 221.11<br />
` 750.00 ` 555.44<br />
Total : ` 4,860.00 Total: ` 3,598.39 Applicable<br />
interest rate:<br />
14%<br />
3. Personal guarantees of our<br />
Directors, Mr. Ganesh<br />
Chandra Mrig, Mr. Rudra<br />
Sen Sindhu, Mr. Kuldeep<br />
Singh Solanki, Mr. Vir Sen<br />
Sindhu, and Mr. Vrit Pal<br />
Sindhu, as well as Ms.<br />
Sushil Mrig, valid for a<br />
period of 180 days from the<br />
commercial operation date;<br />
4. First charge on all of the<br />
project assets (including<br />
bank accounts and<br />
receivables); and<br />
5. First charge on all interests,<br />
rights, title of the Company<br />
in the project documents,<br />
regulatory clearances,<br />
performance guarantees or<br />
liquidated damages in<br />
relation to the project, the<br />
operating cash flows of the<br />
Company, bank accounts of<br />
the Company.<br />
4. a) Wachovia Bank,<br />
National<br />
Association;<br />
b) Indian Overseas<br />
Bank;<br />
US$ 25.00 equivalent<br />
to ` 1,251.63<br />
US$ 25.00 equivalent<br />
to ` 1,251.62<br />
c) Syndicate Bank; US$ 30.00 equivalent<br />
to ` 1,501.95<br />
Total: $80.00<br />
equivalent to<br />
` 4,005.20<br />
` 1,032.53 One month’s Repayment in 24<br />
LIBOR + 2.40% quarterly<br />
i.e. 9.40% p.a. instalments with<br />
after hedging effect from<br />
` 1,032.53<br />
December 31,<br />
2010<br />
` 1,239.04<br />
Total: ` 3,304.10<br />
(Restated as per<br />
the prevalent US$<br />
rate)<br />
1. All the plant and<br />
machinery in relation to<br />
the 270 MW thermal power<br />
project at Village<br />
Kasaipali, both tangible<br />
and intangible, including<br />
its rights, title, interest and<br />
benefit in all tangible and<br />
intangible assets (both<br />
present and future);<br />
2. Equitable mortgage on<br />
immoveable property of<br />
our Company situated at<br />
Village Jawali (17.08<br />
acres), Kasaipali (39.18<br />
acres), and leasehold land<br />
at village Kasaipalli<br />
(192.86 acres) in District-<br />
Korba;<br />
3. Personal guarantees of our<br />
Directors, Mr. Ganesh<br />
Chandra Mrig, Mr. Rudra<br />
Sen Sindhu, Mr. Kuldeep<br />
Singh Solanki, Mr. Vir<br />
Sen Sindhu, Mr. Vrit Pal<br />
271
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