Examples of Secured Debentures in a sentence
Tuckamore is also obligated to redeem a portion of the Secured Debentures prior to the Secured Debenture Maturity Date in certain circumstances based on proceeds from specified dispositions, proceeds from the issuance of equity instruments or based on excess operating cash flow as defined.
The Senior Secured Debentures are redeemable at the option of the Company and, in certain circumstances, are mandatorily redeemable.
Prior to AC's decision to invest additional funds in Iris LP, AC spoke to CN, an Iris LP employee and alleged investor in Iris LP, who stated that her investment in Iris LP had done very well.
The maturity date of the Secured Debentures is March 23, 2016 (the “Secured Debenture Maturity Date”).
The Secured Debentures have a security interest in substantially all of Tuckamore’s assets which is subordinated to similar security interests granted in connection with the Senior Credit Facility or certain debt incurred in the future by Tuckamore’s subsidiaries.