Debenture Subscription Clause Samples
The Debenture Subscription clause outlines the terms under which an investor agrees to purchase debentures issued by a company. It typically specifies the amount, timing, and conditions of the subscription, such as payment schedules and any prerequisites for issuance. This clause ensures that both parties are clear on their obligations regarding the investment, thereby facilitating the smooth execution of the financing arrangement and reducing the risk of misunderstandings or disputes.
Debenture Subscription. 4.4.1. The Debenture shall be subscribed at the Unit Principal Amount as of the Issue Date.
4.4.2. The subscription of the Debenture shall be made by means of the Subscription Bulletin.
Debenture Subscription. The Subscriber irrevocably subscribes for and agrees to purchase from the Corporation, Debentures, as part of an offering of Debentures (the “Private Placement”), for the Aggregate Subscription Amount set out above in the Subscription Sheet above. The Debentures are convertible at the option of the holder into Common Shares at a conversion price of $0.05 per Common Share and one Warrant for each US$0.05 of the Aggregate Subscription Amount. Each Warrant shall be exercisable at an exercise price of $0.05 until March 1, 2016. The Debenture Certificates will be in substantially the form attached hereto as Exhibit B. The Warrant will be in substantially the form attached hereto as Exhibit C. The Subscription is subject to the following terms and conditions: