A debenture holder is entitled to receive a dividend on his debentures from the company even if the company has incurred losses.

A debenture holder is entitled to receive interest on his debentures from the company only if the company has made profits.

A debenture holder is entitled to receive interest on his debentures from the company only after a dividend has been paid by the company to its shareholders.

A debenture holder is entitled to receive interest on his debentures from the company even if the company has incurred losses.