Singapore legislation

Regulation 20

Application of this Division

Subregulation 1

Subject to the exceptions in paragraph (2), this Division applies to and in relation to every meeting of debenture holders summoned under —

(a)

a covenant contained in the debentures or in a trust deed relating to those debentures; or

(b)

a provision mentioned in section 271(2)(b) of the Act that is contained in a trust deed relating to those debentures.

The exceptions are as follows:

(a)

where the Act provides otherwise;

(b)

where there is any provision to the contrary in —

(i)

any covenant that applies to those debentures;

(ii)

any covenant contained in a trust deed relating to those debentures; or

(iii)

any covenant in a contract between a trustee of, and the debenture holders secured by, a trust deed relating to those debentures.