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.

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

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 at the Second Closing Date.

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 Second Debenture will mature and become payable on April 25, 2017 (“Second Maturity Date”) and are direct, unsecured obligations for the Company, ranking equally with all other unsecured indebtedness of the Company.

• In August 2002, United exercised the Warrant and the right to purchase the Second Debenture for total proceeds of approximately $3.9 million.

• The Second Debenture Unit Financing consists of 20 units (the “Second Units”) with each Second Unit comprising one non-convertible debenture in the principal amount of USD$25,000, and 25,000 non-transferable warrants.

More Definitions of Second Debenture

Second Debenture as defined in the recitals to this Agreement.

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 means the guarantee and debenture in the agreed terms to be issued by each of the Initial Charging Companies (other than the Principal Borrower) in favour of the Security Trustee to secure their respective obligations to the Security Beneficiaries;

Second Debenture means the proposed second debenture and/or equity issue of the Borrower for Rs 1500 million; and

Second Debenture has the meaning specified in Paragraph 2.1(1)(c).

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

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