Debenture Debt definition

Debenture Debt means (i) all debt listed on Schedule 7.12 hereto under the heading “Subordinated Debentures” or “Senior Debentures” and (ii) all Permitted Debt.
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Debenture Debt means debt pursuant to the four outstanding debenture agreements between eVision and Online being: ° The $4,000,000 10% Convertible Debenture Due December 15, 2007 dated December 30, 1997 and all subsequent amendments; ° The $1,500,000 10% Convertible Debenture Due December 15, 2007 dated May 17, 1998; ° The $1,000,000 10% Convertible Debenture Due December 15, 2007 dated August 5, 1998; and ° The $1,000,000 12% Convertible Debenture Due December 15, 2007 dated November 17, 1998 which subsequently had $160,000 in principal paid down under the “Supplemental Letter of Agreement to the $500,000 12% convertible debenture due March 24, 1999 dated September 25, 1998 and all subsequent amendments issued by eVision to Online Credit and the $1,000,000 12% convertible debenture due December 15, 2007 dated November 17, 1998 issued by eVision to Online Credit” dated May 24, 2001.
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Debenture Debt means the outstanding $2,000,000 in principal and up to $700,000 in accrued interest under the Debentures.
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Examples of Debenture Debt in a sentence

  • USAM shall have failed, on or prior to June 30, 2000, to have either (a) refinanced all of the Convertible Debenture Debt on terms in form and substance satisfactory to the Agent or (b) converted all of the Convertible Debenture Debt into common stock of USAM.

  • Debenture Debt No later than the 180th day prior to June 15, 2009, the Holdco Debenture Debt shall be refinanced or the terms and provisions of the Discount Debentures Documents shall be amended, in each case on terms and conditions satisfactory to Agent in its sole discretion, so that the Indebtedness refinancing the Holdco Debenture Debt or the Indebtedness evidenced by the amended the Discount Debentures Documents, as the case may be, matures no earlier than December 29, 2011.

  • Notwithstanding the foregoing, the Trustee shall become the Requisite Party 180 days after the Trustee has delivered notice to the Collateral Agent, the Agent and the ECF Party that the entire principal amount of the Debenture Debt shall have become due and payable (a "Debenture Acceleration Notice"), if prior to the end of such period either the Agent, or the ECF Party, has failed to deliver a Notice of Actionable Default or an Insolvency Proceeding does not exist.

  • Upon the Closing of this Agreement, eVision shall pay $7,314,316 to Online in satisfaction of certain Debenture Debt.

  • It is the intent of the parties hereto that the Bank Debt shall be paid in full in cash (or in a manner otherwise satisfactory to the Agent in its sole and absolute discretion) and that the commitments represented by the Credit Agreement shall have expired or been reduced to zero or terminated before any of the Debenture Debt is paid from the Collateral.

  • Debenture Debt shall include, without limitation, all indebtedness and obligations of the Borrowers to the holders of the Debentures and the Trustee under the Indenture and the other Debenture Documents, and shall further include, without limitation, any interest and collection cost to the extent allowable under applicable bankruptcy laws.

  • Any of the properties and assets of whatever nature, tangible or intangible, now owned or existing or hereafter acquired or arising, of the Borrowers and their subsidiaries in which any of the Borrowers and their respective subsidiaries have at the time of reference granted a Lien to the Collateral Agent to secure the Bank Debt and the Debenture Debt and which has not been released pursuant to the terms hereof, including the Collateral under the Pledge Agreement.

  • Fleet, so long as there shall be Bank Debt and the Majority Debenture Holder(s), so long as there shall be Debenture Debt.

  • It is the intent of the parties hereto that the Bank Debt, the New Debenture Debt and the Existing Debenture Debt shall be equally and ratably secured by the Collateral.

  • On the Closing Date, the Laurus Debenture Debt will be satisfied by the conversion of the Laurus Debenture Debt into shares of Accentia Common Stock at a conversion rate equal to $2.67 per share (i.e., the Lenders will receive that number of shares of Accentia Common Stock determined by dividing the Laurus Debenture Debt by $2.67).


More Definitions of Debenture Debt

Debenture Debt means all amounts due and owing by Clarocity pursuant to the Debentures, which is the amount of $23,739,468.65 as of May 17, 2019.
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Debenture Debt. As defined in the Collateral Agency Agreement.
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Related to Debenture Debt

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Bridge Note means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from any Bridge Loans made by such Lender.

  • Other Debentures means all junior subordinated debentures issued by the Company from time to time and sold to trusts to be established by the Company (if any), in each case similar to the Trust.

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Debentures has the meaning stated in the first recital of this Indenture.