Exchange Debentures definition

Exchange Debentures has the meaning set forth in Section 2(a) hereof.

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Exchange Debentures means the debentures issuable pursuant to the Exchange Indenture.

Exchange Debentures means the Debentures issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

Examples of Exchange Debentures in a sentence

• The principal amount of Exchange Debentures deliverable upon exchange of a share of Senior Preferred Stock, adjusted as hereinafter provided, shall be determined in accordance with the Exchange Ratio (as defined below).

• SECTION 2.1 The Initial Debentures and the Exchange Debentures are hereby authorized as two series of Debt Securities.

• Upon surrender in accordance with said notice of the certificates for any shares so exchanged (properly endorsed or assigned for transfer, if the Board of Directors of the Corporation shall so require and the notice shall so state), such share shall be exchanged by the Corporation for the Exchange Debentures at the Exchange Ratio.

• 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).

• The Corporation will cause the Exchange Debentures to be authenticated on the Dividend Payment Date on which the exchange is effective, and will pay interest on the Exchange Debentures at the rate and on the dates specified in such indenture from the exchange date.

More Definitions of Exchange Debentures

Exchange Debentures means a new series of junior subordinated debentures issued by the Depositor in a mandatory exchange offer for the Private Debentures, such exchange offer being registered under the Securities Act, all pursuant to the Debenture Exchange and Registration Rights Agreement.

Exchange Debentures means 15% Subordinated Exchange Debentures due 2010 of the Corporation, to be issued pursuant to an indenture between the Corporation and a trustee, containing customary terms and conditions, in accordance with the Term Sheet attached as Annex A hereto.

Exchange Debentures means the Subordinated Exchange Debentures due 2006 of the Corporation, to be issued pursuant to an indenture between the Corporation and a trustee, containing customary terms and conditions, in accordance with the Term Sheet attached as Schedule A hereto.

Exchange Debentures means the Company s Senior Subordinated Debentures due 2008 issued pursuant to the Exchange Indenture.

Exchange Debentures means the 11 1/2% Subordinated Exchange Debentures due 2009 which may be exchanged for the Exchangeable Preferred Stock of ▇▇▇▇▇ USA, at the option of ▇▇▇▇▇ USA.

Exchange Debentures means 8.20% Junior Subordinated Deferrable Interest Debentures due 2026 to be issued by the Debenture Issuer under the Indenture to be exchanged with the Initial Debentures pursuant to the Registration Agreement.

Exchange Debentures means 13% Subordinated Exchange Debentures due 2010 of the Corporation, to be issued pursuant to an indenture between the Corporation and a trustee, containing customary terms and conditions, in accordance with the Term Sheet attached as Exhibit A hereto.