Examples of 9% Debentures in a sentence
In connection with this prepayment, the Company recorded a charge of $852,000 to write-off the remaining unamortized debt issue costs incurred in connection with issuance of the 9% Securities and the 9% Debentures.
The 9% securities and the 9% Debentures were prepaid in full on June 18, 2004.
There is no sinking fund requirement associated with the 9% Debentures.
The Series 9 Debentures are issuable in bearer form in the denomination of U.S. $10,000, with interest coupons attached ("coupon Series 9 Debentures") or, at the holder's option, in fully registered form in denominations of U.S. $10,000 and integral multiples thereof ("registered Series 9 Debentures").
On April 8, 2009, Harvest provided notice that, pursuant to the Debenture Indenture, the Trust elects to satisfy its obligation to settle the principal amount to holders of 9% Debentures Due 2009 on June 1, 2009 by issuing and delivering to the holders that number of Trust Units equal to 95% of the current market price of the Trust Units on the maturity date.
The indenture for the 9% Debentures contains certain restrictions, including a restriction on the payment of dividends on the capital stock of the Company, a limitation on the issuance of additional debt and certain other restrictions.
The Trust has issued five series of unsecured subordinated debentures which trade on the TSX under the symbols "HTE.DB" for the 9% Debentures Due 2009, "HTE.DB.A" for the 8% Debentures Due 2009, "HTE.DB.B" for the 6.5% Debentures Due 2010, "HTE.DB.E" for the 7.25% Debentures Due 2013 and "HTE.DB.F" for the 7.25% Debentures Due 2014.
As of October 1, 1998, the 9% Debentures will be redeemable at the option of the Company, in whole or in part, together with accrued interest to the redemption date, at a redemption price of 105% of face value, diminishing by one percent each year to 100% on or after the fifth anniversary of such initial redemption date.
On the business day next preceding the final Interest Payment Date in April 1996 of the Series 9 Debentures or the redemption date of the Series 9 Debentures, the Trustee shall pay to the Principal Paying Agent such amount as is available in the Fund and necessary to pay the principal of the Series 9 Debentures.
Assuming that there are no conversions of the 9% Debentures Due 2009 prior to the maturity date, the Trust will issue an aggregate 136,906 Trust Units to the holders of such Debentures.