Debenture Deed definition
Examples of Debenture Deed in a sentence
The principal amount of the debentures shall be paid up in Brazilian currency by the Debentureholder identified below according to the terms and conditions provided for in the Debenture Deed by the Debentureholder identified below.
On the Date of Issue of the Debenture, the Parties shall enter into a Subscription Bulletin in the form enclosed to this Debenture Deed as Exhibit I (“Subscription Bulletin”).
The amount of the capital increase shall be limited to the amount necessary for the fulfillment of the financial commitments assumed under the Debenture Deed.
No delay, inaction or liberality in the exercise of any right or prerogative entitled to the Debentureholder as a result of any default of the Issuer shall impair the exercise of such right or prerogative, nor shall be construed as a waiver thereof or agreement to such default, nor shall it constitute novation or amendment to any other obligations undertaken by Issuer in this Debenture Deed or previously in regards to any other default or delay.
No delay, inaction or liberality in the exercise of any right or prerogative entitled to the Debentureholders as a result of any default of the Issuer shall impair the exercise of such right or prerogative, nor shall be construed as a waiver thereof or agreement to such default, nor shall it constitute novation or amendment to any other obligations undertaken by Issuer in this Debenture Deed or previously in regards to any other default or delay.
Additionally, the Management of the Company and its Shareholders shall ensure that LF TEL complies timely and regularly with all its financial or non-financial obligations, especially those under the Debenture Deed and the Pledge Agreement executed as guarantee to secure the Debenture Deed, including those provided for in the Provisions Applicable to the BNDES Agreements, the breach of which may result in acceleration of the maturity of the second-issue debentures of LF TEL.
The first calculation and verification of the Financial Ratios and Limits under this Debenture Deed shall take into account the fiscal half-year ended December 31, 2014.
On the Date of Issue of the Debentures, the Parties shall enter into a Subscription Bulletin in the form enclosed to this Debenture Deed as Exhibit I (“Subscription Bulletin”).
If ▇▇ ▇▇▇▇▇ or Portugal Telecom understand that LF TEL, based on its future cash flow and other financial information available, will not have sufficient funds to comply with its obligations under the Debenture Deed, ▇▇ ▇▇▇▇▇ or Portugal Telecom may send notice to each other for them to jointly identify alternatives for the case and take the preventive measures necessary to avoid default of said obligations.
Additionally, the Management of the Company and its Shareholders shall ensure that AG complies timely and regularly with all its financial or non-financial obligations, especially those under the Debenture Deed and the Pledge Agreement executed as guarantee to secure the Debenture Deed, including those provided for in the Provisions Applicable to the BNDES Agreements, the breach of which may result in acceleration of the maturity of the second-issue debentures of AG TELECOM.