Debenture Units definition

Debenture Units means the convertible debenture units of the Corporation consisting of one 10% unsecured convertible debenture of the Corporation in the principal amount of $1,000 with interest payable semi-annually in arrears on June 30 and December 31 of each year and maturing three years from the date the convertible debentures are issued, and 2,000 Warrants expiring 36 months after the Issue Date;
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Debenture Units means debenture units (comprised of Debentures or 2021 Debentures and detachable Warrants) issued on a private placement basis;
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Debenture Units means the debenture units issued under the Offering, each Debenture Unit consisting of
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Examples of Debenture Units in a sentence

  • The valuation method used to value the shares was a hybrid method (the “Hybrid Method”), a blend of the Probability-Weighted Expected Return Method (“PWERM”) and an option pricing model (“OPM”), whereby the initial share price calibrated the value equal to the proceeds of the Series B Debenture Units.

  • The Debenture Units of Series A-2 were determined to be a compound instrument, comprising a liability, a conversion feature and warrants.

  • As a result, 356,500 Warrants of Series A-2 were issued related to the Debenture Units of Series A-2.

  • The interest expense related to the Debenture Units of Series A-3 are added to the equity portion of convertible debt as accrued.

  • The Debenture Units of Series A-3 were determined to be an equity instrument, comprising a conversion feature and warrants as a result of the Company being able to avoid a contractual obligation to pay cash related to the principal and interest at maturity.

  • The Company issued an aggregate of 761 Debenture Units to the subscribers of the Debentures of Series A-2.

  • Primary reliance was placed on deriving the enterprise value and the Series B Common Share value from FLRish’s October 2018 and November 2018 convertible debenture private placements (the “2018 Private Placements”) for Series B Debenture Units (the “Series B Debenture Units”) of FLRish (comprised of unsecured convertible debentures and warrants to acquire Series B Common Shares of FLRish), and performing a roll-forward analysis from October 30, 2018 to the January 7, 2019 valuation date.

  • On December 19, 2019, the Company issued 1,000,000 common shares at a fair value of $65,000 using the closing trade price on the same date, to settle the B Prepaid Interest associated with the B Convertible Debenture Units.

  • On December 5, 2019, the Company issued 1,092,000 common shares at a fair value of $65,550 using the closing trade price on the same date, to settle the B Prepaid Interest associated with the B Convertible Debenture Units.

  • On December 27, 2019, the Company issued 500,000 common shares at a fair value of $35,000 using the closing trade price on the same date, to settle the B Prepaid Interest associated with the B Convertible Debenture Units.


More Definitions of Debenture Units

Debenture Units has the meaning ascribed thereto on the face page hereof;
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Debenture Units means the 13,139 units issued by Ikänik in the Debenture Financing.
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Debenture Units means units of the Corporation, each consisting of one 12% senior secured convertible debenture of the Corporation in the principal amount of $1,000 and 2,000 Warrants;
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Debenture Units has the meaning given to that term in the first paragraph of this Agreement and, for the avoidance of doubt, includes the Debenture Units issuable upon the exercise of the Broker Warrants in accordance with the terms of the Broker Warrant Certificate;
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Debenture Units means units of the REIT to be issued by the REIT, as contemplated by the Prospectus and the Indenture, on the conversion, redemption or repayment of the Debentures or for delivery to the Debenture Trustee in respect of the payment of interest on the Debentures, and having the attributes corresponding in all material respects to the descriptions thereof in this Agreement and in the Preliminary Prospectus, the Prospectus and any Amendment;
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Related to Debenture Units

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Debenture Indenture means the Indenture, dated as of December 1, 1989, between United Parcel Service of America, Inc. and Chemical Bank pursuant to which the 8-3/8% Debentures Due April 1, 2020 were issued, as in effect on the date of this Agreement (without giving effect to any amendment, supplement or other modification thereto, any repayment or covenant defeasance thereunder or any termination thereof), a copy of which is attached as Exhibit F hereto.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Subordinated Securities means Securities that by the terms established pursuant to Section 2.02(i) are subordinated in right of payment to Senior Debt of the Company.

  • Final Subordinated Units has the meaning assigned to such term in Section 6.1(d)(x).

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

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

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 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.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Class B Preferred Stock means the Class B Cumulative Convertible Preferred Stock, par value $0.01 per share, of the Previous General Partner.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.