Second Debenture definition

Second Debenture means the second of the three (3) Debentures, in the principal amount of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00), which is issued by the Company to the Buyer on the Second Closing Date.

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Second Debenture shall have the meaning set forth in the recital.

Second Debenture as defined in the recitals to this Agreement.

Examples of Second Debenture in a sentence

For the purposes of this Agreement, the “Third Debenture Period” shall mean the period that commences on the date of the issuance of the Second Debenture to Holder and terminates upon the date that the remaining Principal Amount of the Second Debenture is equal to an amount not greater than $250,000.
The closing of the purchase and sale of the Second Debenture and the issuance of the Second Promissory Note shall occur within thirty days of the Second Debenture Date.
The Purchaser shall have received from Appia payment in full for all amounts of accrued but theretofore unpaid interest then outstanding on the First Debenture and the Second Debenture and all applicable prepayment premiums in respect of the First Debenture and the Second Debenture.
The Company will use the proceeds from the sale of the Signing Debenture and Second Debenture for working capital purposes only and will be subject to customary restrictions.
Contemporaneously with the issuance of the New Debenture, Appia shall pay in full all amounts of accrued but theretofore unpaid interest then outstanding on the First Debenture and the Second Debenture and all applicable prepayment premiums in respect of the First Debenture and the Second Debenture.

More Definitions of Second Debenture

Second Debenture means the second of the three (3) Debentures, in the principal amount of $125,000, which is issued by the Company to the Buyer on the Second Closing Date.

Second Debenture means the second of the three (3) Debentures, in the principal amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00), which is issued by the Company to the Buyer on the Second Closing Date. 3. Notwithstanding anything to the contrary in the Agreement, the definition of “Second Purchase Price” in the Agreement shall be replaced with the following:

Second Debenture means the Convertible Debenture issued to the Holder by the Company on the Second Debenture Date, pursuant to the Private Placement Agreement;

Second Debenture means the debenture dated 21 November 2022 creating a fixed and floating charge over the Company’s assets entered into by the Company in favour of Apeiron Investment Group Ltd, as the same may be amended or replaced from time to time.

Second Debenture means the Debenture executed or to be executed by the Chargors (as listed and defined therein) and the Second Security Trustee creating second ranking (ranking only behind the first ranking security created pursuant to the Security Documents) fixed and floating charges over substantially the whole of the assets and undertaking of such Chargors, in favour of the Second Security Trustee to hold for the benefit of the Term Banks, the Agent and itself.

Second Debenture means the Debenture dated 27 September 2001 granted by the Chargors (as listed and defined therein) in favour of the Second Security Trustee, to hold for the benefit of the Term Banks, the Agent and itself, creating second ranking (ranking only behind the first ranking security created pursuant to the Security Documents) fixed and floating charges over substantially the whole of the assets and undertaking of such Chargors, in favour of the Second Security Trustee to hold for the benefit of the Term Banks, the Agent and itself.

Second Debenture has the meaning attributed to it in the Private Placement Agreement;