Third Debenture definition

Third Debenture means the third of the three (3) Debentures, in the principal amount of Two Hundred Thousand and 00/100 Dollars ($200,000.00), which is issued by the Company to the Buyer on the Third Closing Date.
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Third Debenture means the composite guarantee and debenture in the agreed terms to be entered into by all the Charging Companies (other than the Principal Borrower) in favour of the Security Trustee as trustee for the Security Beneficiaries and the expression "the Debenture" shall where appropriate include any further guarantee and debenture or other security executed or to be executed by one or more Charging Companies in favour of the Security Trustee as trustee for the Security Beneficiaries securing any liabilities incurred by any Group Company from time to time;
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Examples of Third Debenture in a sentence

  • The closing of the purchase and sale of the Third Debenture and the issuance of the Third Promissory Note shall occur within thirty days of the Third Debenture Date.

  • The Third Debenture is convertible into units of the Company at a conversion price of $0.05 per unit.

  • The Third Debenture matures on November 30, 2019 and bears interest at 15% per annum, calculated and paid semi-annually in cash or in common shares at InCoR’s option.

  • The Company determined the fair value of the equity component of the Third Debenture to be $160,635 using the Black-Scholes pricing model with the following assumptions: share price - $0.035; exercise price - $0.05; risk-free interest rate – 1.30%; expected life – 1.0 years; expected volatility – 97%; and expected dividends – nil.

  • For the purposes of this Agreement, the “Fourth Debenture Period” shall mean the period that commences on the date of the issuance of the Third Debenture to Holder and terminates upon the date that the remaining Principal Amount of the Third Debenture is equal to an amount not greater than $250,000.

  • The Company determined the fair value of the liability component of the Third Debenture to be $772,727, based on the net present value of future cash flows.

  • The Company determined the fair value of the liability component of the Third Debenture to be $930,466, based on the net present value of future cash flows.

  • The decision to perform a snow clearing operation will be made by the Contract Administrator or his designate.(2) Priority I (Regional) streets shall normally receive the highest priority for snow clearing followed by Priority II (Bus Routes and Collectors) streets and then Priority III (Residential) streets.

  • The Company determined the fair value of the equity component of the Third Debenture to be $150,454 using the Black-Scholes pricing model with the following assumptions: share price - $0.035; exercise price - $0.05; risk-free interest rate – 0.69%; expected life – 0.76 year; expected volatility – 96.54%; and expected dividends – nil.

  • 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.

Related to Third Debenture

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

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

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

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

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

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

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 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.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Series D Notes is defined in Section 1.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 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.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Bridge Note has the meaning assigned to that term in Section 2.2(a)(1).

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Debenture Indenture means the Indenture, dated as of December 1, 1989, between United Parcel Service of America, Inc. and Chemical Bank pursuant to which the 8-3/8% Debentures Due April 1, 2020 were issued, as in effect on the date of this Agreement (without giving effect to any amendment, supplement or other modification thereto, any repayment or covenant defeasance thereunder or any termination thereof), a copy of which is attached as Exhibit F hereto.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.