Junior Debentures definition
Examples of Junior Debentures in a sentence
Except as disclosed on Schedule 5.04, none of the Group Companies is in default in any respect under (i) any loan agreement, indenture, mortgage, security agreement or other agreement relating to Debt or any other contract, lease, agreement or obligation to which it is a party or by which any of its properties is bound which default could reasonably be expected to have a Material Adverse Effect, (ii) the Subordinated Debentures Indenture or (iii) the Junior Debentures Indenture.
Notwithstanding the above, the right to deliver a Senior Default Notice (as defined in the Subordination Agreement and a notice of an Extension Period as defined in the Junior Debentures Indenture and the equivalent of a payment blockage notice under any other Subordinated Debt), shall reside solely with the Administrative Agent, and the Administrative Agent shall deliver such notice, only upon the direction of the Required Lenders.
Other than such taxes, the Company will pay any and all issue and other taxes (other than taxes based on income) that may be payable in respect of any issue or delivery of shares of Common Stock on conversion of the Series A Junior Debentures pursuant hereto.
The Trustee shall notify all Debenture Holders of the results of the Dutch Auction including the number of Senior Debentures and Junior Debentures acquired and the prices at which they were acquired.
Majority Directors shall continue as directors and such additional voting right shall continue until such time as such default, event of default or event is cured, at which time such Majority Directors shall cease to be directors and such additional voting right of the Series A Junior Debentures and Series B Junior Debentures or Series B Preferred Stock shall terminate subject to revesting in the event of each and every subsequent event of the character indicated above.
The Company shall maintain an office or agency in the Borough of Manhattan, City of New York, where the Series A Junior Debentures may be presented for registration of transfer or for exchange (the "Registrar") and an office for the service of notices and demands to or upon the Company in respect of the Series A Junior Debentures and this Indenture (the "Paying Agent").
The Series A Junior Debentures outstanding at any time are all Series A Junior Debentures authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation and those described in this Section as not outstanding.
The Company and the Trustee may amend or supplement this Indenture or the Series A Junior Debentures without notice to any Series A Junior Debentureholder but with the written consent of the Holders of at least a majority in principal amount of the Series A Junior Debentures then outstanding (including consents obtained in connection with a tender offer or exchange for the Series A Junior Debentures).
If more than one Series A Junior Debenture shall be surrendered for conversion by the same Holder on the same Conversion Date, the number of full shares of Common Stock issuable on conversion thereof shall be computed on the basis of the total principal amount of Series A Junior Debentures so surrendered.
Notwithstanding the provisions described in the immediately preceding sentence (but subject to the provisions contained in the first sentence of this Section), unless the holders of such Senior Indebtedness or the Representative of such holders shall have accelerated the maturity of such Senior Indebtedness, the Company may resume payments on the Series A Junior Debentures after such Payment Blockage Period.