Debenture Indebtedness definition

Debenture Indebtedness means all present and future Obligations of the Issuer and the Guarantors under or in respect of the Debenture Documents.

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Debenture Indebtedness has the meaning ascribed thereto in Section 5.3(a)(i);

Debenture Indebtedness means the Principal Amount, interest thereon, and any and all other amounts payable by the Corporation to the Holder

Examples of Debenture Indebtedness in a sentence

• If payment of the Debenture Indebtedness is accelerated or demanded, the Issuer shall promptly notify the holders of Senior Indebtedness of such acceleration or demand.

• Nothing in this Article 7 shall limit the right of the Debenture Trustees or the Holders to take any action to accelerate the maturity of the Debenture Indebtedness or to pursue any rights or remedies pursuant to the terms hereof or under applicable law, subject to the rights under this Article 7 of the holders of Senior Indebtedness to receive the cash, property or securities collected upon the exercise of such rights or remedies in priority to the payment of any Debenture Indebtedness.

• The Debenture Indebtedness is subordinate in right of payment, to the extent and in the manner provided in Article 7 of the Indenture, to the prior payment in full of the Senior Indebtedness.

• The Issuer and the Guarantors agree, and each Holder by accepting a Debenture agrees, that the Debenture Indebtedness is subordinate in right of payment, to the extent and in the manner provided in this Article 7, to the prior payment in full of the Senior Indebtedness.

• Each Holder of Debentures by its acceptance thereof authorizes and directs the Debenture Trustees on its behalf to take such action as may be necessary or appropriate to acknowledge and effectuate the subordination of the Debenture Indebtedness as provided for in this Article 7 and appoints the Debenture Trustees as attorneys-in-fact for any and all such purposes.

• The Issuer shall promptly notify the Debenture Trustees of any facts known to the Issuer that would cause any payment or distribution of any amounts with respect to the Debenture Indebtedness to violate this Article 7, but failure to give such notice shall not affect the subordination of the Debenture Indebtedness to the Senior Indebtedness as provided in this Article 7.

• To secure the due payment of all obligations and the performance by the Corporation of its obligations contained in this Indenture, any Supplemental Indenture or the Debenture Certificates, including without limitation the Debenture Indebtedness, the Corporation shall cause each Material Subsidiary to execute and deliver a Guarantee to the Trustee, for the benefit of the Debentureholders.

• In the event that, notwithstanding the foregoing, the Company shall make any payment on the Debenture Indebtedness then, except as hereinafter in subsections 6.6.1(b) and 6.

• By the acceptance of a Debenture, each Debenture holder agrees that the Debenture Indebtedness is hereby expressly postponed and subordinated to the extent and in the manner hereinafter set forth in right of payment to the prior payment of the Senior Indebtedness, except to the extent that payments are permitted pursuant to section 6.6.

• At the Closing, Sellers shall deliver to Buyer written statements from Chase and the holders of the Subordinated Debentures (or their representatives) stating the amount due, as of the Closing Date, for the Bank Indebtedness Payment and the Debenture Indebtedness Payment, respectively.

More Definitions of Debenture Indebtedness

Debenture Indebtedness means, from time to time, all indebtedness, liabilities and obligations, present or future, direct or indirect, of the Company to the Debenture holders or the Trustee on behalf of the Debenture holders, as the case may be, under the Debentures, including principal, interest, fees, expenses and other amounts owing under the Debentures;

Debenture Indebtedness means Indebtedness of Parent (which is guaranteed by certain other Borrowers) evidenced by the debentures issued pursuant to the Debenture Purchase Agreements, as described in Item 9 of the Addendum.

Debenture Indebtedness means all present and future debts, liabilities and obligations of the Company to the holders of Debentures under and in connection with the Debenture Indenture and the Debentures, including all principal money owing on the Debentures, the premium, if any, interest (including interest on overdue principal, premium, if any and interest) and all fees paid and other money from time to time owing pursuant to the terms of the Debenture Indenture;

Debenture Indebtedness means the payment of the Debentures in principal and interest (including interest on all amounts in default) and premiums, if any, on the Debentures, payment of the PIK Debentures (and/or payments in connection therewith), as well as payment of all the sums, if any, from time to time owing under the Trust Indenture or this Deed to the Debentureholders or the Trustee;

Debenture Indebtedness means all present and future debts, liabilities and obligations of the Corporation or a Corporation Subsidiary, as applicable to the Debentureholders under and in connection with this Indenture, any Supplemental Indenture, the Debenture Certificates and the Guarantees, including all principal money owing on the Debentures, the Premium, if any, interest (including interest on overdue principal, the Premium, if any, and interest) and all fees paid and other money from time to time owing pursuant to the terms of this Indenture, the Debenture Certificates and the Guarantees.