Exchange Debenture definition

Exchange Debenture means the Original Issue Discount Senior Secured Convertible Debenture Due January 1, 2014, in the aggregate principal amount of $1,009,200, which was issued to the Convertible Debt Lender pursuant to a Securities Exchange Agreement, dated on or about July 31, 2012.

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Exchange Debenture means the Subordinated Exchange Debentures of the Corporation, issuable in exchange for the Series B Preferred Stock.

Exchange Debenture means any one of the 13.00% Subordinated Exchange Debentures due 2009, issued by the Parent Company at its option, if ever, in exchange for Senior Preferred Stock as contemplated by, and to the extent permitted by, Section "g" of the Certificate of Designation, in each case as amended, modified, extended or replaced from time to time.

Examples of Exchange Debenture in a sentence

Distributions on each Exchange Capital Security and interest on each Exchange Debenture and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the Private Exchange will accrue from the last date on which a Distribution or interest was paid on the Capital Security or the Subordinated Debenture surrendered in exchange therefore or, if no Distribution or interest has been paid on such Capital Security or Subordinated Debenture, from the Issue Date.
Distributions on each Exchange Capital Security and interest or distributions on each Exchange Debenture and Private Exchange Security issued pursuant to the Exchange Offer and in the Private Exchange will accumulate or accrue from the last date on which a distribution or interest was paid on the Capital Security or the Subordinated Debenture surrendered in exchange therefor or, if no distribution or interest has been paid on such Capital Security or Subordinated Debenture, from the Issue Date.
Cash will be paid in lieu of any such fraction of an Exchange Debenture which would otherwise have been issued (which shall be determined with respect to the aggregate principal amount of Exchange Debentures to be issued to a holder upon any such exchange).
Distributions on each Exchange Capital Security and interest on each Exchange Debenture and Private Exchange Security issued pursuant to the Exchange Offer and in the Private Exchange will accrue from the last date on which a Distribution or interest was paid on the Capital Security or the Subordinated Debenture surrendered in exchange therefor or, if no Distribution or interest has been paid on such Capital Security or Subordinated Debenture, from the Issue Date.
Each Exchange Debenture shall be dated the date of its authentication.
Failure to make the appropriate notation or issue a new Exchange Debenture shall not affect the validity and effect of such amendment, supplement or waiver.
Each Holder by accepting an Exchange Debenture waives and releases all such liability.
If an Exchange Debenture is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Exchange Debenture was registered at the close of business on such record date.
The Exchange Ratio shall be, as of any Dividend Payment Date, $1.00 (or fraction thereof) of principal amount of Exchange Debenture for each $1.00 of (i) Liquidation Value plus (ii) accrued and unpaid cash dividends, if any, per share of Senior Preferred Stock held by a holder on the applicable exchange date.
The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Exchange Debenture thereafter authenticated.

More Definitions of Exchange Debenture

Exchange Debenture means the debenture in the original principal amount of $21,292,550 dated July 23, 2002, executed by the Company in favor of Knowledge Universe.

Exchange Debenture has the meaning specified in the third recital to this First Supplemental Indenture.