Subscription for Debentures Sample Clauses
The 'Subscription for Debentures' clause outlines the terms under which an investor agrees to purchase debentures issued by a company. It typically specifies the amount, price, and timing of the subscription, as well as any conditions precedent that must be satisfied before the debentures are allotted. This clause ensures that both parties are clear on the obligations and expectations regarding the investment, thereby facilitating a smooth and legally binding transaction.
Subscription for Debentures. Subject to the terms and conditions of this Agreement, Investor hereby agrees to purchase, on the Closing Date from the Corporation Convertible Debentures in an aggregate face amount of $4,666,667 million at a price equal to such face amount.
Subscription for Debentures