Signing Debenture definition

Signing Debenture means the first of the two (2) Debentures, in the principal amount of Six Hundred Fifty Thousand and 00/100 Dollars ($650,000.00), to be issued by the Company to the Buyer on the Signing Closing Date.
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Signing Debenture means the first of three Debentures, in the principal amount of $120,000, which is issued by the Company to the Buyer at the Signing Closing Date.
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Signing Debenture means the first of the three Debentures, in the principal amount of $125,000, to be issued on the Signing Closing Date.
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Examples of Signing Debenture in a sentence

  • 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.

  • The Company will use the proceeds from the sale of the Signing Debenture, Second Debenture, and Third Debenture for working capital purposes only and will be subject to customary restrictions.

  • The Company shall pay the legal fees of the Buyer’s counsel (the “Legal Fees”) in the amount of Two Thousand Five Hundred and 00/100 Dollars ($2,500.00) on the Signing Closing Date (with respect to the Signing Debenture), One Thousand and 00/100 Dollars ($1,000.00) on the Second Closing Date (with respect to the Second Debenture), as well as One Thousand and 00/100 Dollars ($1,000.00) on the Third Closing Date (with respect to the Third Debenture).

  • The Company will use the proceeds from the sale of the Signing Debenture and Second Debenture (excluding amounts paid by the Company for commitment and legal fees in connection with the sale of the Debentures) for audit and legal fees and the sale of the Third Debenture for working capital purposes.

  • The parties agree that the Buyer shall not be entitled to convert any principal or interest of the Signing Debenture into Conversion Shares, pursuant to Section 2(a) of the Signing Debenture, prior to the ninety first (91st) day following the Signing Closing Date.

  • In addition, at the time of Buyer’s funding of the Signing Debenture, the Company shall issue to Investments as a commitment fee, a common stock purchase warrant to purchase 50,000 shares of the Company’s common stock pursuant to the terms of the Warrant (the “Warrant”).

  • In furtherance of the foregoing, the Company hereby authorizes the Buyer to deduct the cash portion of the Commitment Fee from the purchase price of the Signing Debenture and transmit same to the respective payee.

  • Further, the Company shall issue 300,000 shares of Restricted Stock (the “Signing Commitment Shares”) on the Signing Closing Date as follows: 250,000 of the Signing Commitment Shares to Investments and 50,000 of the Signing Commitment Shares to Buyer, as a commitment fee in connection with the issuance of the Signing Debenture.

  • The Company shall pay the legal fees of the Buyer’s counsel (the “Legal Fees”) in the amount of Three Thousand Five Hundred and 00/100 Dollars ($3,500.00) on the Signing Closing Date (with respect to the Signing Debenture), as well as Two Thousand Five Hundred and 00/100 Dollars ($2,500.00) on the Second Closing Date (with respect to the Second Debenture).

  • The Commitment Fee shall be paid on the Signing Closing Date if Buyer does not withhold such amounts from the purchase price of the Signing Debenture pursuant to Section 12(b).

Related to Signing Debenture

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Convertible Notes has the meaning set forth in the Recitals.

  • UK Debenture has the meaning assigned to that term Section 5.1(b).

  • Debenture means debenture stock, mortgages, bonds and any other such securities of the Company whether constituting a charge on the assets of the Company or not.

  • Securities Purchase Agreement shall have the meaning set forth in the recitals hereto.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • PIPE Subscription Agreements has the meaning set forth in the recitals to this Agreement.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Subscription Agreement has the meaning set forth in the recitals.