6% Debentures definition

6% Debentures means the Company's 6% convertible subordinated debentures due 2002.
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6% Debentures means the convertible unsecured subordinated debentures of the Trust due June 30, 2014 bearing interest at an annual rate of 6% per annum;
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6% Debentures means the 6% convertible unsecured subordinated debentures of Kirkland issued on July 19, 2012, maturing on June 30, 2017.
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Examples of 6% Debentures in a sentence

  • Payments of principal and interest becoming due and payable on the 6% Debentures shall be made at the principal office of The Chase Manhattan Bank, in the Borough of Manhattan, the City and State of New York, unless HoldCo, by notice to the Holder, shall designate the principal office of another commercial bank or trust company in such Borough as such place of payment, in which case the principal office of such other bank or trust company shall thereafter be such place of payment.

  • Except as otherwise provided in SECTION 7 and SECTION 8, HoldCo shall pay any and all stamp and other taxes payable or determined to be payable in connection with the execution and delivery of the 6% Debentures and agrees to save the Holder harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such taxes.

  • At such closing, the Holder shall, and hereby covenants to, Transfer its entire interest in the 6% Debentures to HoldCo free and clear of any and all liens, mortgages, pledges, security interests or other encumbrances against receipt of payment thereof.

  • Any purported Transfer of the Holder's interest in the 6% Debentures made other than in accordance with this SECTION 17 shall be void and HoldCo shall not be required to recognize any equitable or other claims to such interest on the part of any purported transferee.

  • HoldCo hereby agrees with the Holder that, so long as this Debenture remains outstanding and unpaid or any other amount is owing hereunder or with respect hereto, HoldCo shall not pay any dividends on, or make any distributions with respect to, any shares of the common stock or preferred stock of HoldCo, if and so long as any semi-annual interest payment theretofore due on any of the 6% Debentures remains unpaid.

  • No consent or authorization of, filing with, or other act by or in respect of, any other person or entity is required in connection with the borrowing evidenced by the 6% Debentures or with the execution and delivery by HoldCo of, or performance by HoldCo of its obligations under, or the validity or enforceability against HoldCo of, the 6% Debentures.

  • For each $1,000 principal amount of 6% Debentures accepted for exchange, the holder of such 6% Debentures will receive $1,000 principal amount in Exchange Notes.

  • Debentures to the aggregate principal amount of $12,500,000 in lawful money of Canada have been authorized for immediate issue as 6% Debentures due May 2, 1987, of which this is one, and additional Debentures may be issued from time to time in accordance with the terms and conditions set forth in the Trust Indenture.

  • Great Plains $ (15,340 ) 6% Debentures (6,020,000 ) Empire State (NY Urban Development) (115,717 ) $ (6,151,057 ) Holders of $6.02 million of convertible notes have the option to convert 50% of their notes into Series A Preferred Stock.

  • THE TORONTO-DOMINION BANK By: ---------------------- President ---------------------- Secretary - 58 - TRUSTEE'S CERTIFICATE This Debenture is one of the 6% Debentures due May 2, 1987 referred to in the Trust Indenture within mentioned.