Debenture Obligations definition

Debenture Obligations means the indebtedness, liabilities and obligations of the Trust under the Convertible Debentures.

Debenture Obligations means all loans, advances, debts, liabilities and monetary obligations owing to any Debenture Holder or any of them or any of their respective successors and assigns, of any kind or nature, present or future, arising under the Debenture Documents, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired. The term includes, without limitation, all interest (whether or not such interest would be an allowed claim in a bankruptcy or similar proceeding against GWG Life, GWG Holdings or any of their Affiliates), charges, expenses, fees, reasonable attorneys’ fees and disbursements and paralegals’ fees, and any other sums chargeable to GWG Life, GWG Holdings or any of their Affiliates under any of the Debenture Documents.

Debenture Obligations means at any time, the sum (without duplication) of (a) the Existing Debenture Obligations, and (b) the New Debenture Obligations (it being understood that Persons who are Existing Investors may also be New Investors and hold both Existing Debenture Obligations and New Debenture Obligations and Persons who are New Investors may also be Existing Investors and hold both Existing Debenture Obligations and New Debenture Obligations, and, in any such case, there shall not be deemed to be any duplication).

Examples of Debenture Obligations in a sentence

• If a country recognizes a doctrine of “national” exhaustion, an IPR holder’s right to control movement of a good or service is only extinguished by the first sale or marketing of a good or service within the territory of that country.

• Each Grantor hereby grants to the Collateral Agent for the benefit of the New Secured Parties a lien, security interest and right of setoff as security for all New Debenture Obligations to the New Secured Parties, whether now existing or hereafter arising upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of the Collateral Agent or any entity under the control of the Collateral Agent.

• The Existing Investors hereby consent to the incurrence of the New Debenture Obligations and the creation of the security interest in the New Collateral to secure the New Secured Obligations.

• This Agreement shall terminate and be of no further force and effect upon the payment in full of either the Note Obligations or the Debenture Obligations (in a manner which is not in contravention of the terms of this Agreement).

• Nothing in this Agreement is intended to or shall impair the obligations of any Debtor Party, which are absolute and unconditional, to pay the Note Obligations and the Debenture Obligations as and when the same shall become due and payable in accordance with their terms.

More Definitions of Debenture Obligations

Debenture Obligations means all obligations, liabilities and indebtedness of the Company under the Debenture Documents, in each case howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, including, without limitation, the principal amount of such indebtedness, together with all unpaid interest and fees, and including without limitation the Limited Guaranty Recovery.

Debenture Obligations means the obligations of the Company to pay the principal of, premium (if any) on and interest on the Debentures issued under, and all other amounts from time to time payable by the Company under, the Indenture.

Debenture Obligations means all debts, liabilities and obligations of the Debtor under or in connection with any Debenture;

Debenture Obligations means the due and punctual payment by the Grantor of the principal and interest on the Debentures, when and as due.

Debenture Obligations means all indebtedness, liabilities, and obligations arising under or pursuant to the Debentures. Debentures has the meaning given such term in the Securities Purchase Agreement.

Debenture Obligations means all Obligations relating to the Debentures, including, without limitation, all principal, premium, if any, interest (including, without limitation, any additional amounts payable with respect to the Debentures as a result of the failure to comply with the terms of the Registration Rights Agreement).

Debenture Obligations means the Obligations of the Buyers under the Debenture.