Debenture Bonds definition
Debenture Bonds means those certain Debentures described outstanding on the date hereof which Debentures were issued pursuant to that certain Indenture dated as of October 1, 1985, as supplemented from time to time.
Debenture Bonds means, together, all of the Issuer’s payment obligations to the Debenture Holders under this Indenture and any other Financing Document.
Examples of Debenture Bonds in a sentence
The Obligations constitute senior indebtedness that is superior in right of payment to the Subordinated Debenture Bonds and the Subordinated Investment Certificates and all other Subordinated Indebtedness and are entitled to the benefits of the subordination provisions of all Subordinated Indebtedness of Borrowers and their Restricted Subsidiaries.
Company shall on August 31, 2002 and at the end of each Fiscal Quarter thereafter have outstanding Subordinated Indebtedness issued pursuant to Approved Indentures in an aggregate principal amount not less than the aggregate principal amount of the Subordinated Debenture Bonds and Subordinated Investment Certificates outstanding at the Closing Date.