2018 Debentures definition

2018 Debentures means the senior unsecured convertible debentures due August 11, 2018, issued under the 2018 Debenture Indenture by the Company on January 20, 2016 pursuant to the Debt Restructuring, listed for trading on the TSX under the symbol “GCM.DB.U”.
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2018 Debentures means the senior unsecured convertible debentures issued under the 2018 Debenture Indenture by the Company on January 20, 2016 pursuant to the Debt Restructuring. The 2018 Debentures matured on August 11, 2018 and have been fully repaid by the Company.
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2018 Debentures means the $300 million 0.75% senior convertible debentures issued by the Guarantor and due June 1, 2018.
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Examples of 2018 Debentures in a sentence

  • The 2018 Debentures are convertible at the option of the Corporation if, on or before the five-year maturity date, in any two consecutive calendar quarters the Corporation shall have achieved all of the following criteria: a.

  • Comparable decreases in each of the share price and discount rate would result in a comparable opposite change in the fair value of the outstanding principal of the 2018 Debentures.

  • The 2018 Debentures rank equally with all of the Trust's existing and future unsubordinated and unsecured indebtedness and are guaranteed by Granite REIT and Granite GP.

  • The 2018 Debentures were classified as a debenture with a fair value derivative liability component.

  • The $3,000 outstanding in 2018 Debentures can be converted into common shares at the election of debenture holders at any time at a conversion price of $0.51 per share.

  • Among other things, that agreement provided for the withholding and escrow of $5,722,222.22 from the 2018 Debenture proceeds to pay one year’s interest on the 2018 Debentures in the event of an iAnthus default.

  • Interest on the 2018 Debentures is payable semi-annually in arrears on April 2 and October 2 of each year.

  • On May 14, 2018, the Company issued a press release announcing that it had closed a $40 million secured debenture financing and concurrent $10 million equity financing with GGP, the 2018 Debentures.

  • AGI also granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days following closing, to purchase up to an additional $11.25 million aggregate principal amount of 2018 Debentures.

  • The 2018 Debentures are convertible at the holder’s option at any time prior to the close of business on the earlier of the business day immediately preceding the maturity date and the date specified by AGI for redemption of the 2018 Debentures into fully paid and non-assessable common shares of the Company at a conversion price of $88.15 per common share, being a conversion rate of approximately 11.3443 common shares for each $1,000 principal amount of the 2018 Debentures.


More Definitions of 2018 Debentures

2018 Debentures means the $300.0 million 0.75% debentures issued by the Borrower and due June 2018.
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2018 Debentures means the Zero Coupon Convertible Subordinated Debentures due 2018 issued pursuant to the Parent Indenture.
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Related to 2018 Debentures

  • 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.