Demand Debenture definition

Demand Debenture means the Demand Debenture, made as of July 21, 1998, between the Canadian Borrower and the Collateral Agent as amended, modified or supplemented from time to time.
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Demand Debenture means the Demand Debenture, made as of July 21, 1998, between the Canadian Borrower and ▇▇▇▇▇▇ Guaranty Trust Company of New York as amended, modified or supplemented from time to time.
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Demand Debenture means the Demand Debenture, substantially in the form of Exhibit 1.1(D)(3), issued by the Borrower in favor of the Administrative Agent for its own benefit and on behalf and for the benefit of the Banks, together with all amendments, extensions, renewals or replacements thereof or thereto. Dollar, Dollars, U.S. Dollars and the symbol $ shall mean lawful money of the United States of America. Dollar Equivalent shall mean, with respect to any amount of any currency, the Equivalent Amount of such currency expressed in Dollars.
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Examples of Demand Debenture in a sentence

  • Notwithstanding the provisions of Section 32 of the Special Powers of Legal Persons Act (Quebec), the Administrative Agent may acquire and be the holder of the Demand Debenture (or any similar instrument).

  • Each of the Loan Parties hereby acknowledges that the Demand Debenture constitutes a title of indebtedness, as such term is used in Article 2692 of the Civil Code of Quebec.

  • Each of the Lenders hereby constitutes, to the extent necessary, the Administrative Agent as the holder of such irrevocable power of attorney (fondé de pouvoir) in order to hold security granted under the Quebec Security in the Province of Quebec to secure the Demand Debenture (or any similar instrument).

  • Each of the Banks hereby constitutes, to the extent necessary, the Administrative Agent as the holder of such irrevocable power of attorney (fondé de pouvoir) in order to hold security granted under the Quebec Security in the Province of Quebec to secure the Demand Debenture (or any similar instrument).

  • These loan facilities were secured by a First Demand Debenture and Supplemental Debentures impressed with Stamp Duty to cover the Borrower’s aggregate indebtedness as set forth in item 4 of the First Schedule (herein the “Existing Indebtedness”).

  • These loan facilities were secured by a First Demand Debenture and a Supplemental Debenture impressed with Stamp Duty to cover the Borrower’s aggregate indebtedness as set forth in item 4 of the First Schedule (herein the “Existing Indebtedness”).

  • The Demand Debenture and Negative Pledge issued February 8, 1996 (the "FUNDCO DEBENTURE") by Fundco in favour of Chase, as amended by the Confirmations, is hereby confirmed as continuing security in favour of Chase for the timely payment of the principal, interest (including interest on amounts in default) and all other indebtedness and liabilities, present or future, direct or indirect, now or hereafter owing by Fundco under the THIRD CONFIRMATION ETC.

  • This Joinder Agreement supplements the Demand Debenture and is delivered by the undersigned, [ ] [in its own capacity (“·”) and · as partner/general partner/managing partner for and on behalf of ·] ([“·” and together with ·,] the “New Obligor”), pursuant to Section 5.18 of the Demand Debenture.

  • Registration under the Personal Property Security Act (Saskatchewan) of a Financing Statement in respect of the Demand Debenture and the General Assignment of Book Debts.

  • GENERAL SECURITY The following security, evidenced by documents in form satisfactory to the Bank and registered or recorded as required by the Bank, is to be provided prior to any advance being made available under the credit: - All Monies Demand Debenture providing a first fixed and floating Charge over all assets of the Borrower stamped to secure US$2,400,000.