Examples of Convertible Debenture in a sentence
The interest shall accrue and shall be payable on the earlier of the maturity date or upon conversion of the Convertible Debenture.
Beneficial ownership does not include any shares the holder may receive upon the conversion of interest that has accrued or that will accrue in the future with respect to convertible debentures acquired in connection with the 2018 Convertible Debenture Offering.
Better Legal documentation: Single Loan Securitized Debt structures involve better legal documentation than Non Convertible Debenture (NCD) investments.
The Convertible Debenture bore interest at 0% per annum, provided, however that if the Transaction was terminated in accordance with its terms, Blacklist shall pay interest at the rate of 9% per annum from the date that is the three-month anniversary of the date of termination of the Transaction.
In the event Conversion fails to take place by the stipulated date, all rights to convert the Convertible Debenture shall lapse.