Description of the Debentures Sample Clauses

Description of the Debentures. The Debentures shall be in the aggregate principal amount and shall mature on the date specified in Schedule I hereto, and shall be issued under and secured by the Indenture (For Unsecured Subordinated Debt Securities) dated as of December 1, 1995 ("Indenture"), of the Company to The First National Bank of Chicago as Trustee ("Trustee"). The Debentures shall bear interest at the rate per annum specified in Schedule I hereto. The Debentures and the Indenture are more fully described in the Prospectus hereinafter referred to.
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Description of the Debentures. Each Debenture shall be in the principal amount of the accepted or allocated Subscription, shall be dated the Closing Date, shall bear interest from the date of its issuance on the unpaid principal balance at the rate of 6% per annum payable quarterly on the last day of March, June, September and December, commencing on the first of such dates immediately following the Closing Date, with a final interest payment on December 31, 2002 (the "Mandatory Conversion Date"), the date on which the Debentures shall be automatically converted to Company Common Stock in accordance with the Mandatory Conversion Ratio. The form of the Debenture is attached as Exhibit A. Reference is made to the Debenture, whose terms are incorporated herein by reference.
Sample 1
Description of the Debentures. Camtek will authorize the issue and delivery of the Debentures in the aggregate principal amount of US$5,000,000. The term of the Debentures shall commence upon the Closing and shall terminate at the end of the fifth anniversary of the Closing. The Debentures shall be convertible, in whole or in part, into such number of issued and outstanding Ordinary Shares of Camtek as determined by dividing (x) the principal amount of the Debentures outstanding and to be converted at such time by (y) the Conversion Price (as defined below). Subject to the Default provisions set forth below, (i) the principal shall be repaid in three equal annual payments commencing at the end of the third anniversary of the Closing; provided, however, that prior to each payment date, the Investors, at their sole discretion, may elect, by giving an irrevocable written notice to Camtek, at least seven (7) Business Days prior to a payment date, to have any portion of the principal be deferred and repaid on the fifth anniversary of the Closing; (ii) the Debentures shall bear dollar denominated interest, payable quarterly, at a floating annual rate equal to the then applicable 3 months’ LIBOR plus 2.1%, in each case with such interest payment being supplemented by applicable value added tax; provided, however, that any interest accrued and unpaid on the date on which the conversion of the Debentures is effected shall become immediately payable on such date of conversion; and (iii) be otherwise substantially in the form attached hereto as Exhibit 5(a). For the avoidance of doubt, the Debentures may not be prepaid without the Investors prior consent. Interest on each of the Debentures shall be computed on the basis of a 360 day year. For the purposes of this Section 5, any payment due to be made on a day which is not a Business Day shall be deferred to the next Business Day.
Sample 1
Description of the Debentures. The Company has ----------------------------- authorized the issue and sale of Subordinated Convertible Debentures, in an aggregate principal amount not to exceed $10,000,000 in the form of Exhibit ------- B hereto, convertible into shares of the Company's common stock, $.01 par - value (the "Common Stock"), as set forth in Section 7 hereof (such Subordinated Convertible Debentures are hereinafter referred to as the "Debentures"). The Debentures will be dated the date of issue and bear interest at the rate of 7% per annum, payable semiannually, as provided therein. Principal of the Debentures shall be due and payable on February 13, 2008. On the Closing Date, the Company shall deliver to each Investor an executed copy of a Registration Rights Agreement in respect of the Debentures and the Warrants (as defined in Section 10.4 hereof) in substantially the form of Exhibit C hereto. ---------
Sample 1
Description of the Debentures. The relative rights, preferences and limitations of the Debentures shall be, as follows: Purchasing Price 100% of face value. Closing Payment of funds into escrow; release of funds to the Company upon delivery of securities. Term 3 years from the date of issuance. Interest 12% per annum, payable quarterly on March 1, June 1, September 1 and December 1 in arrears, commencing on September 1, 1999. This interest rate will only be guaranteed for Debentures issued in the first tranche. Redemption Rights The Debentures cannot be redeemed during 12 months following the issue date. Between'12 months and 18 months from the issue date, the Company may redeem the Debentures at its sole discretion from time to time and in whole or in part, at a Interest Reserve Conversion Rights Registration Rights Ranking Security redemption price of 100% of the principal amount thereof, together with accrued and unpaid interest to the date of redemption, plus a 5% premium to the face value. The Premium will be paid in Company's Common Stock with no registration rights. If the Debentures are redeemed in part, redemption will be done on a pro-rata basis. The Company is required to maintain a fund sufficient to pay six months interest on the Debentures. The holders will have the right to convert the debenture into the common stock of the company after 12 months from the issue date. Conversion price will be $1.00 per share. After the 12 months from the issue date, should the share price of the Company be equal to or greater than $1.50 per share for 20 consecutive trading days, the Company shall have the right to force conversion of all outstanding Debentures at the average of the share price during the said 20 day trading period. The Company agrees to register with Securities and Exchange Commission (the "SEC"), the shares underlying the Debentures within 12 months of the Closing. The Debentures will be expressly subordinated to, and subject in right of payment to, the prior payment of the principal of, premium, if any, and interest on Senior indebtedness (as defined). Secured by a second priority security interest in all assets of the Company.
Sample 1
Description of the Debentures. The aggregate principal amount of Debentures that may be issued under this Indenture is U.S.$71,168,174.00. The Debentures originally issued hereunder shall be dated on the Issue Date. The Debentures shall be senior unsecured obligations of the Corporation and, subject to Article 6 and Article 7, shall become due and payable, together with all accrued and unpaid interest thereon, on August 11, 2018. The Debentures shall be subject to repurchase by the Corporation as provided in Article 5 and Article 6. The Debentures shall not be redeemable by the Corporation, other than as provided in Article 7. The Debentures shall be convertible into Common Shares or other securities of the Corporation, as provided for in Article 8, and in the Debentures.
Sample 1

Related to Description of the Debentures

  • Redemption of the Debentures SECTION 3.1. Tax Event and Regulatory Capital Event Redemption..................................................... 7 SECTION 3.2. Optional Redemption by Company................................. 8 SECTION 3.3.

  • Description of Notes Closing Date August 18, 2015 Initial Note A-1-S1 Principal Balance $75,720,000.00 Initial Note A-1-S2 Principal Balance $75,720,000.00 Initial Note A-1-S3 Principal Balance $75,720,000.00 Initial Note A-2-S1 Principal Balance $33,127,500.00 Initial Note A-2-S2 Principal Balance $33,127,500.00 Initial Note A-2-S3 Principal Balance $33,127,500.00 Initial Note A-3-S1 Principal Balance $23,662,500.00 Initial Note A-3-S2 Principal Balance $23,662,500.00 Initial Note A-3-S3 Principal Balance $23,662,500.00 Initial Note A-1-C1 Principal Balance $70,000,000.00 Initial Note A-1-C2 Principal Balance $70,000,000.00 Initial Note A-1-C3 Principal Balance $69,600,000.00 Initial Note A-2-C1 Principal Balance $50,000,000.00 Initial Note A-2-C2 Principal Balance $41,700,000.00 Initial Note A-3-C1 Principal Balance $35,000,000.00 Initial Note A-3-C2 Principal Balance $30,500,000.00 Initial Note B-1-S Principal Balance $177,525,714.29 Initial Note B-2-S Principal Balance $77,667,500.00 Initial Note B-3-S Principal Balance $55,476,785.71 Approximate Initial Note A-1-S1 Percentage Interest 7.04% Approximate Initial Note A-1-S2 Percentage Interest 7.04% Approximate Initial Note A-1-S3 Percentage Interest 7.04% Approximate Initial Note A-2-S1 Percentage Interest 3.08% Approximate Initial Note A-2-S2 Percentage Interest 3.08% Approximate Initial Note A-2-S3 Percentage Interest 3.08% Approximate Initial Note A-3-S1 Percentage Interest 2.20% Approximate Initial Note A-3-S2 Percentage Interest 2.20% Approximate Initial Note A-3-S3 Percentage Interest 2.20% Approximate Initial Note A-1-C1 Percentage Interest 6.51% Approximate Initial Note A-1-C2 Percentage Interest 6.51% Co-Lender Agreement (11 Madison Avenue) Approximate Initial Note A-1-C3 Percentage Interest 6.47% Approximate Initial Note A-2-C1 Percentage Interest 4.65% Approximate Initial Note A-2-C2 Percentage Interest 3.88% Approximate Initial Note A-3-C1 Percentage Interest 3.26% Approximate Initial Note A-3-C2 Percentage Interest 2.84% Approximate Initial Note B-1-S1 Percentage Interest 16.51% Approximate Initial Note B-1-S2 Percentage Interest 7.22% Approximate Initial Note B-1-S3 Percentage Interest 5.16% Note A-1-S1 Interest Rate 3.5602% per annum Note A-1-S2 Interest Rate 3.5602% per annum Note A-1-S3 Interest Rate 3.5602% per annum Note A-2-S1 Interest Rate 3.5602% per annum Note A-2-S2 Interest Rate 3.5602% per annum Note A-2-S3 Interest Rate 3.5602% per annum Note A-3-S1 Interest Rate 3.5602% per annum Note A-3-S2 Interest Rate 3.5602% per annum Note A-3-S3 Interest Rate 3.5602% per annum Note A-1-C1 Interest Rate 3.5602% per annum Note A-1-C2 Interest Rate 3.5602% per annum Note A-1-C3 Interest Rate 3.5602% per annum Note A-2-C1 Interest Rate 3.5602% per annum Note A-2-C2 Interest Rate 3.5602% per annum Note A-3-C1 Interest Rate 3.5602% per annum Note A-3-C2 Interest Rate 3.5602% per annum Note B-1-S Interest Rate 3.5602% per annum Note B-2-S Interest Rate 3.5602% per annum Note B-3-S Interest Rate 3.5602% per annum Note A-1-S1 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S1 Interest Rate Note A-1-S2 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S2 Interest Rate Note A-1-S3 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S3 Interest Rate Note A-2-S1 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S1 Interest Rate Note A-2-S2 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S2 Interest Rate Co-Lender Agreement (11 Madison Avenue) Note A-2-S3 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S3 Interest Rate Note A-3-S1 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-S1 Interest Rate Note A-3-S2 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-S2 Interest Rate Note A-3-S3 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-S3 Interest Rate Note A-1-C1 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C1 Interest Rate Note A-1-C2 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C2 Interest Rate Note A-1-C3 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C3 Interest Rate Note A-2-C1 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C1 Interest Rate Note A-2-C2 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C2 Interest Rate Note A-3-C1 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-C1 Interest Rate Note A-3-C2 Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-C2 Interest Rate Note B-1-S Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note B-1-S Interest Rate Note B-3-S Default Interest Rate the lesser of (i) the maximum legal rate and (ii) 3% above the Note B-3-S Interest Rate Co-Lender Agreement (11 Madison Avenue) EXHIBIT B NOTICES Note A-1 Holder: German American Capital Corporation 60 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Rxxxxx X. Xxxxxxxxx, Xx. Facsimile No.: (000) 000-0000 Note A-2 Holder: Mxxxxx Sxxxxxx Bank, N.A. 1000 Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Sxxxxxx Xxxxxx with a copy to: Mxxxxx Sxxxxxx Bank, N.A. 1221 Avenue of the Americas Nxx Xxxx, Xxx Xxxx 00000 Attention: Legal Compliance Division Note A-3 Holder: Wxxxx Fargo Bank, National Association Wxxxx Fargo Center 1000 Xxxxxxxx Xxxxxx, 2nd Floor MAC A0227-020 Oxxxxxx, Xxxxxxxxxx 00000 Attention: Commercial Mortgage Servicing Facsimile No.: 800-000-0000 Note B-1 Holder: German American Capital Corporation 60 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Rxxxxx X. Xxxxxxxxx, Xx. Facsimile No.: (000) 000-0000 Co-Lender Agreement (11 Mxxxxxx Xxxxxx) Note B-2 Holder: Mxxxxx Sxxxxxx Bank, N.A. 1000 Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Sxxxxxx Xxxxxx with a copy to: Mxxxxx Sxxxxxx Bank, N.A. 1221 Avenue of the Americas Nxx Xxxx, Xxx Xxxx 00000 Attention: Legal Compliance Division Note B-3 Holder: Wxxxx Fargo Bank, National Association Wxxxx Fargo Center 1000 Xxxxxxxx Xxxxxx, 2nd Floor MAC A0227-020 Oxxxxxx, Xxxxxxxxxx 00000 Attention: Commercial Mortgage Servicing Facsimile No.: 800-000-0000 In the case of each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, with a copy to: Sidley Austin LLP 70 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Kxxxx Xxxxxx Facsimile Number: Co-Lender Agreement (11 Mxxxxxx Xxxxxx)

  • The Debentures SECTION 2.01.

  • Form of Debentures Except in respect of the Initial Debentures, the form of which is provided for herein, the Debentures of each series shall be substantially in such form or forms (not inconsistent with this Indenture) as shall be established herein or by or pursuant to one or more resolutions of the Board of Directors (or to the extent established pursuant to, rather than set forth in, a resolution of the Board of Directors, in an Officer’s Certificate detailing such establishment) or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto or with any rules or regulations of any securities exchange or securities regulatory authority or to conform to general usage, all as may be determined by the directors or officers of the Corporation executing such Debentures on behalf of the Corporation, as conclusively evidenced by their execution of such Debentures.

  • Description of Facility Provide the following information for all units at the Facility, regardless of their RMR designation status. Information regarding units not designated as Reliability Must-Run Units is required only if and to the extent that the information is used to allocate Facility costs between Reliability Must-Run Units and other units. Unit RMR (Y/N) Maximum Net Dependable Capacity (includes CAISO-paid Upgrade capacity)* Fuel Type For this Facility, the Owner will use [insert either MW, MWhs, or service hours] in Schedule B to allocate Annual Fixed Revenue Requirements to and among Units. This election shall be applicable to all Facilities containing Reliability Must Run Units subject to any “RMR contract” as defined in the CAISO Tariff executed by Owner or any of its affiliates as defined in 18 CFR § 161.2. * Maximum Net Dependable Capacity shall reflect any transformer or line loss to the Delivery Point.

  • Execution of Debentures The Debentures shall be signed in the name and on behalf of the Company by the manual or facsimile signature of its Chairman of the Board of Directors, Chief Executive Officer, Vice Chairman, President, one of its Managing Directors or one of its Executive Vice Presidents, Senior Vice Presidents or Vice Presidents. Only such Debentures as shall bear thereon a certificate of authentication substantially in the form herein before recited, executed by the Trustee or the Authenticating Agent by the manual signature of an authorized signer, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee or the Authenticating Agent upon any Debenture executed by the Company shall be conclusive evidence that the Debenture so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. In case any officer of the Company who shall have signed any of the Debentures shall cease to be such officer before the Debentures so signed shall have been authenticated and delivered by the Trustee or the Authenticating Agent, or disposed of by the Company, such Debentures nevertheless may be authenticated and delivered or disposed of as though the Person who signed such Debentures had not ceased to be such officer of the Company; and any Debenture may be signed on behalf of the Company by such Persons as, at the actual date of the execution of such Debenture, shall be the proper officers of the Company, although at the date of the execution of this Indenture any such person was not such an officer. Every Debenture shall be dated the date of its authentication.

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