Debenture Maturity Date definition
Examples of Debenture Maturity Date in a sentence
The outstanding unpaid principal balance of this Subordinated Debenture shall be payable in one installment on the Subordinated Debenture Maturity Date.
All accrued interest and unpaid principal due and payable under this Subordinated Debenture shall be paid in full on or before the Subordinated Debenture Maturity Date.
On the Subordinated Debenture Maturity Date, all sums due and owing under this Agreement and the other Loan Documents with respect to the Subordinated Debenture shall be repaid in full.
This Debenture shall be due and payable in full, including all accrued Interest thereon, on the date one year from the last date of execution of this Debenture ("Maturity Date").
The holder of any Debenture shall have the right at any time, at the Holder's option, to convert each $100 principal amount of Debentures or any integral multiple thereof into Units at the Conversion Price then in effect at any time prior to 5:00 p.m. (Calgary time) at the Office of the Trustee on the Business Day immediately preceding the Debenture Maturity Date.
The Debentures shall not be redeemable prior to the Debenture Maturity Date.
In the event the February Debenture is not repaid in full on or before the February Debenture Maturity Date, then the principal balance of the February Debenture shall be convertible, in whole or in part, at any time and from time to time, at the sole and exclusive option of the Lender, at a conversion price equal to $2,778 per share of Common Stock (such that the entire $390,000 principal balance is convertible into 140 shares of Common Stock).
From, and including, March 31, 2015 to, but excluding, the Initial Debenture Maturity Date, the interest rate applicable to the Debentures will be reset on an annual basis on March 31 of each year, at a rate equal to the Cost of Living Adjustment (which amount may be positive or negative) plus 6.5%.
From and after the February Debenture Maturity Date, the Company shall not be authorized to prepay any portion of the principal balance thereof without providing twenty (20) days prior written notice to the Lender, during which period Lender shall be afforded the conversion rights specified herein.
The Lender hereby agrees that the maturity date of the February Debenture shall be extended until the earlier to occur of (i) the occurrence of an Event of Default (as defined therein) or (ii) June 30, 1999 (the earlier to occur of such dates being referred to as the "February Debenture Maturity Date"), on which date the entire principal balance thereof shall be due and payable in full.