Debenture Conversion definition

Debenture Conversion has the meaning ascribed thereto in the opening paragraphs of this Agreement;

Debenture Conversion has the meaning set forth in Section 5.2(d).

Debenture Conversion has the meaning set forth in the preamble hereto;

Examples of Debenture Conversion in a sentence

• The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion immediately upon submission of the applicable Debenture Conversion Notice, and payment of the purchase price, to the Company for such Common Stock.

• The number of Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

• The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion and Warrant exercise immediately upon submission of the applicable Debenture Conversion Notice and Warrant Notice of Exercise, and payment of the purchase price, to the Company for such Common Stock.

• The Debenture Conversion will be implemented upon the approval of the Debentureholders, by way of extraordinary resolution, pursuant to and in accordance with the terms of the indenture governing the Debentures.

• The date on which the Holder satisfies all of the foregoing requirements is the “Conversion Date.” In the case of a Global Debenture, Conversion Notices may be delivered and such Debentures may be surrendered for conversion in accordance with the applicable procedures of the Depositary as in effect from time to time.

• On August 18, 2016 the Debenture Conversion was approved by the Debentureholders.

• The Company is financing the EVBC Debenture Conversion Amount at a rate of 12% over six equal installments commencing on January 31, 2013 and ending on June 30, 2013.

• The option granted hereby shall expire on August 8, 2000 unless extended pursuant to the provisions of Section 1.3 of the Debenture Conversion Agreement.

• Whether a Debenture Conversion results in a Category 1 Transaction may amongst others therefore depend on the market captialisation of the Company at the time.

• In terms of the Debenture Agreement, MDCB has a right (not an obligation), if it chooses to, to complete a Debenture Conversion, of all or part of the total outstanding Funding Facilities advanced to the Subsidiary, into an Equity Interest in the Subsidiary, provided it does not constitute a Category 1 Transaction pursuant to the BSE Equity Listing Requirements.

More Definitions of Debenture Conversion

Debenture Conversion means the settlement of the Debenture Debt through the issuance of up to 13,170,731 Common Shares at a deemed issue price of $0.205 per Common Share.

Debenture Conversion means the conversion of the principal amount of Debentures held by Insiders, at a conversion price of $0.50 per Purchaser Common Share, and the conversion of interest on such Debentures from the issue date thereof to the maturity date thereof at a conversion price equal to the average trading price of the Purchaser Common Shares (calculated by dividing the total value of the Purchaser Common Shares by the total volume of Purchaser Common Shares traded on the TSXV on the trading day prior to the date of this Agreement), into Purchaser Common Shares on the terms set out in the Debenture Support Agreement;