Common use of A proposal Clause in Contracts

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections 12.4, 12.12 and 12.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 4 contracts

Sources: Indenture (Modern Mining Technology Corp.), Indenture (Modern Mining Technology Corp.), Indenture

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections Section 12.4, Section 12.12 and Section 12.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 2 contracts

Sources: Convertible Debenture Indenture (Siyata Mobile Inc.), Convertible Debenture Indenture

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 11.2 or Sections 12.411.4, 12.12 11.12 and 12.1511.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 2 contracts

Sources: Indenture, Indenture

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or any redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections 12.2, 12.4, 12.12 and 12.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 2 contracts

Sources: Debenture Indenture (Amaya Gaming Group Inc.), Debenture Indenture (Amaya Gaming Group Inc.)

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, thereof or the rate of interest or redemption or retraction premium thereon or to impair any conversion right thereof(in each case, if any) thereon; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections Section 12.4, Section 12.12 and Section 12.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Debenture Indenture

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 11.2 or Sections 12.4Section 11.4, 12.12 11.12 and 12.1511.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Indenture

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections 12.4, 12.12 and 12.15; , shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Secured Convertible Debenture Indenture (Starfighters Space, Inc.)

A proposal. (a) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (c) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections 12.4, 12.12 and 12.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Indenture (Vision Marine Technologies Inc.)

A proposal. (ai) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (bii) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (ciii) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 13.2 or Sections 12.4Section 13.4, 12.12 13.12 and 12.1513.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Debenture Indenture (Ivanhoe Energy Inc)

A proposal. (ai) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (bii) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (ciii) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 or Sections 12.413.2, 12.12 13.4, 13.12 and 12.1513.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Trust Indenture (Zarlink Semiconductor Inc)

A proposal. (a) to extend the maturity of Debentures of any particular series or maturity or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (b) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series or maturity are outstanding; or (c) to reduce with respect to Debentureholders Debenture holders of any particular series or maturity any percentage stated in Sections 13.3, 13.6, 13.7, 13.12, 13.15 or in this Section 12.2 or Sections 12.4, 12.12 and 12.1513.18; shall be deemed to especially affect the rights of the Debentureholders Debenture holders of such series or maturity, as the case may be, in a manner substantially differing in a material way from that in which it affects the rights of holders of Debentures of any other seriesseries or maturity, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other seriesseries or maturities.

Appears in 1 contract

Sources: Trust Indenture (Enbridge Inc)

A proposal. (ai) to extend the maturity of Debentures of any particular series or to reduce the principal amount thereof, the rate of interest or redemption premium thereon or to impair any conversion right thereof; (bii) to modify or terminate any covenant or agreement which by its terms is effective only so long as Debentures of a particular series are outstanding; or (ciii) to reduce with respect to Debentureholders of any particular series any percentage stated in this Section 12.2 13.2 or Sections 12.413.4, 12.12 13.12 and 12.1513.15; shall be deemed to especially affect the rights of the Debentureholders of such series in a manner differing in a material way from that in which it affects the rights of holders of Debentures of any other series, whether or not a similar extension, reduction, modification or termination is proposed with respect to Debentures of any or all other series.

Appears in 1 contract

Sources: Trust Indenture (Harvest Energy Trust)