8% Debentures definition
Examples of 8% Debentures in a sentence
The undersigned hereby subscribes for $______________ in principal amount of 8% Debentures.
Other than the Amendment to 8% Debentures attached as Exhibit H hereto, the Amendment to the Chanticleer Purchase Agreement as of August 7, 2017, and the Amendment to the Warrants as of August 7, 2017, none of the terms of the Chanticleer Purchase Agreement, the Chanticleer Security Agreement, the Chanticleer Guaranty Agreement, the Warrants or the Debentures (collectively, the “Chanticleer Agreements”) have been amended and all of such agreements remain in full force and effect.
Penn West Trust hereby covenants and agrees to assume and does assume all of the rights, covenants and obligations of Vault Trust in and to the Indenture and all of the covenants and obligations of Vault Trust under the 8% Debentures as and from the date hereof.
This Debenture is one of a duly authorized issue of securities of the Company designated as its 8% Debentures (herein called the “Debentures”), limited in aggregate principal amount to not more than Fifty Million Dollars ($50,000,000) which may be issued under that certain Debenture Purchase Agreement (herein called the “Debenture Purchase Agreement”) dated as of __________ __, 2017, between the Company and the holders of the Debentures (collectively, the “Holders”).
There is hereby authorized a series of Securities designated the 8% Debentures due 2005 (the "Debentures"), limited in aggregate principal amount to $902,061,900 (or up to $1,037,371,150, if the Over-Allotment Option is exercised in full), which amount to be issued shall be as set forth in any written order of the Company for the authentication and delivery of Debentures pursuant to the Base Indenture.
Without limiting the generality of the foregoing, from and after the date hereof, the 8% Debentures will be valid and binding obligations of Penn West Trust entitling the holders thereof, as against Penn West Trust, to all rights of Debentureholders under the Indenture.
There is hereby authorized a series of Securities designated the 8% Debentures due August 16, 2003, (the "Debentures") limited (except as otherwise provided in Section 301(2) of the Indenture) in aggregate principal amount to $195,618,560.
As of the date of this First Indenture Supplement, the only Securities of the Company that have been issued and remain outstanding under the Indenture consist of $100 million original principal amount of 8 5/8% Notes due March 1, 1998 (the "8 5/8% Notes") and $200 million original principal amount of 8% Debentures due January 15, 2017 (the "8% Debentures").
The Indenture is and shall remain in full force and effect with regards to all matters governing the 8% Debentures, except as the Indenture is amended, superceded, modified or supplemented by this Supplemental Indenture.
The Company shall immediately commence the preparation of a private placement information to issue or sell $1,000,000 in 8% Debentures at a price of 100% per share.