Prior Debenture definition

Prior Debenture means the Original Issue Discount Senior Secured Convertible Debenture due June 30, 2018 issued by the Company to Hillair Capital Investments L.P. on June 30, 2016 in the original principal amount of $2,500,000.
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Prior Debenture means the Company's 7.5% Convertible Debentures due April 24, 2006.
Sample 1
Prior Debenture has the meaning given to it in Recital (B).
Sample 1

Examples of Prior Debenture in a sentence

  • In addition, (a) each person (other than a holder of the Company's 10% Convertible Subordinated Debentures due August 6, 2001 (the "Prior Debentures")) who holds any other right of first refusal or preemptive right, shall have irrevocably waived and released such rights and (b) each holder of a Prior Debenture ("Old Holder") shall have agreed to amend such Old Holder's right so that such rights shall be governed by Section 16.1(b) of this Agreement.

  • The UK NA is unable to process any amendment requests less than one month before the end of project activity, in accordance with European Commission guidance.

  • The Company shall cause this Note to be senior in right of payment to all other current or future debt of the Company, including the Debenture dated May 15, 2006 ("Prior Debenture") by and between the Company and the Holder.

  • Further information on transitional arrangements for the new model will be provided in the Grant Opportunity Guidelines and is currently being discussed with the Transition Reference Group.

  • At the option of the Holder, upon an Event of Default or a failure by the Company to repay the amounts owing under this Note upon the Maturity Date, the principal balance of the Prior Debenture shall be deemed increased as provided in Section 2(a) hereof and the Warrant shall be deemed issued to the Holder, without any further direction, acknowledgement or action of the Company.

  • Additionally, at the Closing, the Company agrees to amend certain of the terms and provisions of the Prior Debenture through delivery to the Purchaser of the Allonge and the Purchaser agrees to accept the Allonge as evidence of the amendments made thereto.

  • The Allonge to the Prior Debenture shall be in the form of EXHIBIT A hereto.

  • The Debentures shall be unsecured subordinated obligations of the Corporation and shall rank pari passu in right of payment of principal and interest with all other Debentures issued under the Offering, the Non-Brokered Placement (as defined herein) and the Prior Debenture Offerings (as defined herein).

  • The Purchaser and its transferees of the Prior Debenture and the Debenture will be entitled to the benefits of the Registration Rights Agreement pursuant to which the Company has granted, among other things, certain piggyback registration rights with respect to certain registration statements filed by the Company registering the shares of Common Stock issuable upon conversion of the Prior Debenture and the Debenture under the Act.

  • In connection with that certain letter agreement between the Company and the Investor of even date herewith, the Company has agreed to issue a secured convertible debenture (the "Prior Debenture") to the Investor in exchange for a Promissory Note issued January 25, 2005 by the Company to the Investor.


More Definitions of Prior Debenture

Prior Debenture means the Company's 10% Convertible Debenture Due 2006 issued on March 25, 1997 to the Purchaser.
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Related to Prior 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;

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

  • 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.

  • 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.

  • 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;

  • 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.

  • 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.

  • 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.

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

  • 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;

  • 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.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • Predecessor Debenture means every previous Debenture evidencing all or a portion of the same debt as that evidenced by such particular Debenture; and, for the purposes of this definition, any Debenture authenticated and delivered under Section 2.9 in lieu of a lost, destroyed or stolen Debenture shall be deemed to evidence the same debt as the lost, destroyed or stolen Debenture.

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

  • Global Debenture shall have the meaning set forth in Section 2.4(a).

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

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

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

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

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

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • 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.

  • 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.

  • Series D Notes is defined in Section 1.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.