2010 Debentures definition

2010 Debentures means the convertible unsecured debentures that carried interest at a rate of 8% per annum and were convertible at the holder's option into Common Shares at any time prior to June 30, 2015 and the business day immediately preceding the date fixed by the Corporation for redemption at a conversion price of C$10.526 per Common Share, being the ratio of 95 Common Shares per C$1,000 principal amount of 2010 Debentures. On June 30, 2015, the Corporation redeemed the 2010 Debentures, by issuing approximately 9,757,263 Common Shares to satisfy the outstanding principal amount of the 2010 Debentures plus accrued and unpaid interest up to, but excluding, the redemption date based on a price of C$2.72 per Common Share;
Sample 1Sample 2
2010 Debentures means the convertible unsecured subordinated debentures due June 30, 2017 issued by the Corporation in October 2010 under the Indenture and the First Supplement;
Sample 1Sample 2
2010 Debentures means the 2.625% senior unsecured convertible debentures of Petrominerales dated August 21, 2010;
Sample 1Sample 2

Examples of 2010 Debentures in a sentence

  • The embedded derivative was reclassified as equity on cancellation of the cash settlement option.On November 15, 2013, the Corporation made an offer to purchase the C$260 million aggregate principal amount of the 2010 Debentures in accordance with the terms of the trust indenture governing the debentures, as required by the trust indenture due to the completion of the Going Private Transaction.

  • Holders of each of the 2010 Debentures and 2011 Debentures will be entitled to a final interest payment on the Effective Date (in the case of the 2010 Debentures representing interest payable from June 30, 2009 to, but excluding, the Effective Date and in the case of the 2011 Debentures representing interest payable from October 31, 2009 to, but excluding, the Effective Date, in each case at an annual interest rate of 6.25%).

  • The exchange feature provides that if within twelve months from March 19, 2010, the Company entered into or closed another financing or other transaction (which for securities law purposes would be integrable with the offer and sale of the Securities) on terms and conditions more favorable to another purchaser, the terms and conditions of the 2010 Debentures shall be adjusted to reflect the more favorable terms.

  • On November 12, 2010, Clearwater got approval of the holders of its Class C, 7% convertible unsecured subordinated debentures, due December 31, 2010 (the "2010 Debentures"), to amend the terms of the Debentures.

  • The 2010 Debentures are convertible into common shares of the Corporation, at a rate of317.46 common shares per C$1,000 principal and have a conversion price of C$3.15 per common share.

  • On December 31, 2010, an exchange feature liability of $1,680,000 was recorded for the 2010 Debentures (see Note 12).

  • The 2010 Debentures have a March 13, 2015 maturity date, with interest payable at a rate of 5.0% per annum, payable semi‐annually.

  • On February 5, 2015, the Corporation repaid C$32.8 million being the balance of the outstanding principal amount of the 2010 Debentures plus the interest owing through to the maturity date and terminated the 2010 Debentures.

  • For the Debentureholder Resolution to be adopted in respect of a series of Debentures in accordance with the provisions of the Debenture Trust Indenture, it must be approved by the holders of not less than 66Ҁ% of the principal amount of each of the 2010 Debentures and the 2011 Debentures, present or represented by proxy at the Debentureholder Meeting and entitled to vote on the Debentureholder Resolution, each voting separately as a series.

  • Vendors are strongly encouraged to allow sufficient time to upload proposals.


More Definitions of 2010 Debentures

2010 Debentures means the 8.5% convertible unsecured subordinated debentures issued in February 2010, all of which then outstanding on March 20, 2014 were redeemed by the Corporation;
Sample 1Sample 2
2010 Debentures means the $100,000,000 aggregate principal amount of 10 1/4% Debentures due 2010 of Lyondell.
Sample 1
2010 Debentures means the Fund’s 8.5% convertible unsecured subordinated debentures issued in February 2010;
Sample 1
2010 Debentures means the $330 million aggregate principal amount of 6.0% convertible unsecured subordinated debentures issued on May 5, 2010.
Sample 1
2010 Debentures means Vicwest’s 6.00% convertible unsecured subordinated debentures due December 31, 2015.
Sample 1

Related to 2010 Debentures

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2013 Notes means the aggregate principal amount of US$345,000,000 of 5.00% Convertible Senior Notes Due 2013 issued pursuant to the 2013 Note Indenture.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • Debenture Indenture means the Indenture, dated as of December 1, 1989, between United Parcel Service of America, Inc. and Chemical Bank pursuant to which the 8-3/8% Debentures Due April 1, 2020 were issued, as in effect on the date of this Agreement (without giving effect to any amendment, supplement or other modification thereto, any repayment or covenant defeasance thereunder or any termination thereof), a copy of which is attached as Exhibit F hereto.

  • Series D Notes is defined in Section 1.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.