Common use of Repayment at the Maturity Date Clause in Contracts

Repayment at the Maturity Date. This Debenture shall be repayable in full as to the Principal Sum, together with all accrued and unpaid Interest then outstanding hereunder, as well as any and all other sums then payable by the Corporation to the Holder hereunder, on the Maturity Date, provided that the Corporation may repay any or all of the sums due on the Maturity Date in Common Shares, if it shall have given to the Holder no less than thirty (30) Trading Days notice of its intention to do so, failing which repayment on the Maturity Date shall be in cash only. The number of Common Shares to be issued by the Corporation on the Maturity Date, in satisfaction of its obligations under this Section 6.10 shall be equal to the quotient resulting from dividing the Principal Sum to be satisfied by the issuance of Common Shares by 95% of the Twenty Day Weighted Average Trading Price for the period ending on the fifth Trading Day immediately prior to the Maturity Date.

Appears in 8 contracts

Samples: Cedara Software Corp, Cedara Software Corp, Cedara Software Corp

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