Tranche E Debenture definition

Tranche E Debenture shall have the meaning set forth in recital B hereof.
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Tranche E Debenture means a fifth Debenture in the principal amount of US$20,000,000 to be issued and delivered by the Issuer and paid for by the Purchaser in the amount of the Tranche E Subscription Amount on the Tranche E Closing Date, in the form attached as Exhibit A to Amendment No. 14 to the Purchase Agreement;
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Examples of Tranche E Debenture in a sentence

  • Either of them may bedetermined by the right-hand-side variables in (5).

  • On the Tranche E Closing Date, the Issuer shall promptly deliver to Purchaser’s counsel, in trust, the Tranche E Debenture, registered in the name of the Purchaser, with instructions that such Tranche E Debenture is to be held in escrow for release to the Purchaser only upon payment of the Tranche E Subscription Amount to the Issuer, and confirmation of receipt of such payments by the Issuer.

  • The Parties agree that they have entered into this Agreement only for the purposes of confirming their respective rights and obligations under the Security Documents as they relate to Amendment No. 14 and the Tranche E Debenture, and the Security Documents shall not be otherwise amended or modified in any respect and shall continue in full force and effect in accordance with their terms.

  • From and after the Effective Date (as defined in Section 9), any and all obligations of the Issuer to issue the Tranche E Debenture and any and all obligations of the Purchaser to purchase the Tranche E Debenture pursuant to the Purchase Agreement are hereby terminated and discharged in all respects.

  • Glencore may, upon notice to PMC and PMI, assign its rights and delegate its duties hereunder, in whole or in part, to an Affiliate (as defined in the Tranche E Debenture) or to any person or entity to which Glencore has transferred or assigned all or part of any Debenture or any of the Security Documents.

  • On the date that the Issuer confirms to the Purchaser’s counsel that such funds have been received (which shall occur promptly following receipt of the Tranche E Subscription Amount), the Tranche E Debenture shall be released to the Purchaser (and the date of receipt of such funds shall be deemed the Tranche E Closing Date).

  • This meaning that the reduction of TP will be 64.74% as shown in Table 9.

  • Upon receipt of the Tranche E Debenture by counsel to the Purchaser and the execution and/or delivery of such other documents contemplated hereby to be executed and/or delivered on or prior to the Tranche E Closing, the Purchaser shall promptly cause a wire transfer in same day funds to be sent to the account of the Issuer, as instructed in writing by the Issuer, in an amount equal to the Tranche E Subscription Amount.

  • Interest will be payable on the amended Tranche E Debenture at a fixed rate of LIBOR plus 4%.

  • The Bridge Loan will be made available to PMI pursuant to the issuance to the Standby Purchaser of a fifth debenture, the amended Tranche E Debenture.

Related to Tranche E Debenture

  • 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.

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

  • 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.

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

  • Tranche A Notes is defined in Section 1.1.

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

  • 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 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;

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

  • Tranche A Note shall have the meaning given to it in Section 2.2 of the Credit Agreement.

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

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Notes means the promissory notes, if any, of the Borrower in favor of each Tranche B Lender provided pursuant to Section 2.4(f) or Section 2.5(f) and evidencing the Tranche B Loans of such Tranche B Lender, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Revolving Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • 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.

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

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • 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;

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • 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.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • 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.

  • Note Amount means, with respect to any Payment Date, the aggregate outstanding principal amount of the Notes after giving effect to payments of principal made on the Notes on such Payment Date.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

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