Additional Allotments of Debentures from This Series and Other Debentures Clause Samples

Additional Allotments of Debentures from This Series and Other Debentures. 11.1 The Company will be entitled, from time to time, at its sole discretion, to issue additional Debentures (Series B), without need of the consent of the Trustee or of the holders of Debentures (Series B) then in circulation (“the additional Debentures (Series B)”). Without derogating from the generality of the above, the Company will be entitled to issue the additional Debentures (Series B) at the same price or at a higher or lower price than the price at which earlier debentures from series B were issued. All the terms and provisions applying to the Debentures (Series B) will apply also to the additional Debentures (Series B); to remove doubt, it is clarified that: (a) the principal of the additional Debentures (Series B) will be paid, on every date of payment on account of the principal, proportionally to the remaining number of principal payments; and (b) the holders of the additional Debentures (Series B) will not be entitled to interest for interest periods that ended prior to their allotment date. The Company will notify the Trustee, and the Trustee will notify the debenture holders, concerning the issuance of additional Debentures (Series B). 11.2 To remove doubt, it is clarified that the Company reserves the right to issue at any time additional debentures series or other securities, with preferred, equal or inferior rights to the Debentures (Series B), whether they confer or do not confer a right of conversion into shares of the Company and upon such redemption, interest and linkage terms and other terms as the Company deems fit and subject to the provisions of clause 2 above, all as the Company deems fit, at its discretion, without need of the consent of the Trustee or of the holders of Debentures (Series B) then in circulation.