Unsecured Debentures definition
Examples of Unsecured Debentures in a sentence
This Initial Debenture is one of the 6.5% Convertible Senior Unsecured Debentures (referred to herein as the "Initial Debenture") of the Corporation issued or issuable in one or more series under the provisions of the Indenture.
At the Closing, Buyer shall issue to Seller the Senior Unsecured Debentures and the Subordinated Convertible Debentures (collectively the "Securities") pursuant to the Debenture Purchase Agreement in the form attached as Exhibit 2.2.2.
Title: Chief Financial Officer (To be Executed by the Registered Holder in order to convert Unsecured Debentures) The undersigned hereby elects to convert the principal amount of Unsecured Debenture indicated below, into shares of Common Stock of Millennium Cell Inc., as of the date written below.
If Final Adjusted Net Worth is greater than the December 1994 Adjusted Net Worth, the amount of then outstanding Senior Unsecured Debentures shall be increased on a dollar-for-dollar basis to reflect such increase in the Final Adjusted Net Worth in excess of December 1994 Adjusted Net Worth.
If any Holder shall no longer hold Unsecured Debentures, then such Holder's remaining portion of the Issuable Maximum shall be allocated pro-rata among the remaining Holders.