Senior Secured Debentures definition

Senior Secured Debentures means 8.00% senior secured debentures due 2026 pursuant to a trust indenture between ClearStream, as issuer, and BNY Trust Company of Canada, as debenture trustee, as amended and supplemented;
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Senior Secured Debentures means the 13% senior secured debentures, dated [●]4, of the Issuer issued to the Lender in the aggregate principal amount of [●]5, in accordance with the terms of the Debenture Purchase Agreement;
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Senior Secured Debentures means the 8.00% senior secured debentures due March 23, 2026 issued pursuant to the Senior Secured Indenture;
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Examples of Senior Secured Debentures in a sentence

  • The Senior Secured Debentures are redeemable at the option of the Company and, in certain circumstances, are mandatorily redeemable.

  • The maturity date of the Senior Secured Debentures is March 23, 2026.

  • The security granted in connection with the Convertible Secured Debentures is subordinate to the security granted in connection with the Senior Secured Debentures.

  • The Convertible Secured Debentures provide for events of default and covenants of the Company which are customary for transactions of this nature substantially similar to the events of default and covenants provided in respect of the Senior Secured Debentures.

  • The Company incurred $4,821 in deferred financing fees associated with the Senior Secured Debentures.

  • Three weeks after the announcement concerning the filing of the Oasis counterclaim, on April 6, 2020, iAnthus issued a press release announcing that it did not make the applicable interest payments due on its 13.0% Senior Secured Debentures and 13.0% Unsecured Convertible Debentures due on March 31, 2020.

  • The principal balance is recorded net of these costs and will be accreted using the effective interest method over the term of Senior Secured Debentures.

  • The Senior Secured Debentures are secured by first-ranking liens over all of the property of the Company and its guarantor subsidiaries, other than certain limited classes of collateral over which the Company has granted a prior-ranking lien in favour of the ABL Agent which secures the Company’s obligations under the ABL Facility.

  • The Senior Secured Debentures are subject to a 10% fixed interest rate and accordingly is not subject to exposure to interest rate changes.

  • Two related parties to the Corporation participated in the placement for a total of $54,750.On March 28, 2020, the Corporation issued 162,122 common shares at $0.6493 per share to holders of the Corporation’s Senior Secured Debentures.


More Definitions of Senior Secured Debentures

Senior Secured Debentures means the 5 Year, 8.75% Senior Secured Convertible Redeemable Debentures of the REIT issued pursuant to the Senior Secured Trust Indenture;
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Senior Secured Debentures means, collectively, (i) the Senior Secured Debenture dated December 31, 1997 issued by the Company to and in favour of DDJ Canadian High Yield Fund in the principal amount of Cdn. $19,500,000, (ii) the Senior Secured Debenture dated December 31, 1997 issued by the Company to and in favour of Xxxxxxx, Xxxxx & Co. in the principal amount of $16,100,000, and (iii) the Senior Secured Debenture dated December 31, 1997 issued by the Company to and in favour of Mellon Bank, N.A., solely in its capacity as Trustee for General Motors Employees Domestic Group Pension Trust, in the principal amount of $14,600,000; as any or all of such Senior Secured Debentures may be amended, modified, supplemented, restated, or assigned from time to time."
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Senior Secured Debentures means 13% senior secured debentures of the Company issued to the Lender in the aggregate principal amount of $40,000,000, such debentures maturing thirty-six months from the Closing Date, subject to a twelve month extension by the Company in accordance with the terms of the debenture certificates and the Debenture Purchase Agreement;[“Senior Secured Debentures” means the 13% senior secured debentures, dated September 30, 2019, of the Company’s wholly owned subsidiary iAnthus Capital Management, LLC issued to the Lender in the aggregate principal amount of US$20,000,000 in accordance with the terms of the Debenture Purchase Agreement]
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Senior Secured Debentures means the Series A Senior Secured Debenture and the Series B Senior Secured Debenture in the aggregate principal amount not to exceed US$120 million to be issued to Trilon and Northgate Exploration Limited, pursuant to the terms of the Securities Purchase Agreement and includes without limitation (i) any amendment or supplement thereto from time to time and (ii) each Refinancing thereof from time to time with Trilon, Northgate Exploration Limited or any other Persons."
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Senior Secured Debentures means, collectively, the Series F Secured Debentures, the Series G Secured Debentures, the Series H Secured Debentures, the Series I Secured Debentures, the Series J Secured Debentures and any other senior secured debentures subsequently issued by the Corporation ranking pari passu with or senior to such debentures;
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Senior Secured Debentures means the 5 Year 8.75% Senior Secured Convertible Redeemable Debentures issued pursuant to the Senior Secured Trust Indenture, all of which were converted or redeemed on or before November 30, 2012;
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Related to Senior Secured Debentures

  • Senior Secured Debt means Senior Debt that is secured by Liens on any property or assets of the Borrower or any of its Subsidiaries.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

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

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture, the Senior Secured Notes Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any supplemental indenture, any security document relating to the Senior Secured Notes and/or the Senior Secured Notes Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Senior Secured Indebtedness means, as of any date of determination, the principal amount of any Indebtedness for borrowed money that is secured by a Lien.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Senior Secured Notes Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Senior Secured Notes Indenture.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Consolidated Senior Secured Debt means, as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any asset or property of any Loan Party.

  • Senior Secured Note Indenture means the Indenture dated as of November 5, 2009, among the Issuers, the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time;

  • Senior Secured Note Documents means the Senior Secured Note Indenture, the Senior Secured Note Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any security document relating to the Senior Secured Notes and/or the Senior Secured Note Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Series A Debentures means the Series A 9-7/8% Junior Subordinated Deferrable Interest Debentures due February 15, 2027 of the Debenture Issuer issued pursuant to the Indenture.

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

  • Senior Secured Loan means any interest in a loan, including any assignment of or participation in or other interest in a loan, that (i) is not (and is not expressly permitted by its terms to become) subordinate in right of payment to any obligation of the obligor in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings (other than pursuant to a Permitted Working Capital Lien and customary waterfall provisions contained in the applicable loan agreement), (ii) is secured by a pledge of collateral, which security interest is (a) validly perfected and first priority under Applicable Law (subject to liens permitted under the applicable credit agreement that are reasonable for similar loans, and liens accorded priority by law in favor of any Governmental Authority) or (b)(1) validly perfected and second priority in the accounts, documents, instruments, chattel paper, letter-of-credit rights, supporting obligations, deposit accounts, investments accounts and any other assets securing any Working Capital Revolver under Applicable Law and proceeds of any of the foregoing (a first priority lien on such assets a "Permitted Working Capital Lien") and (2) validly perfected and first priority (subject to liens for taxes or regulatory charges and any other liens permitted under the related underlying instruments that are reasonable and customary for similar loans) in all other collateral under Applicable Law, and (iii) the Portfolio Manager determines in good faith that the value of the collateral for such loan (including based on enterprise value) on or about the time of acquisition equals or exceeds the outstanding principal balance of the loan plus the aggregate outstanding balances of all other loans of equal or higher seniority secured by a first priority Lien over the same collateral. For the avoidance of doubt, debtor-in-possession loans and FLLO Loans shall constitute Senior Secured Loans.

  • 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.

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

  • 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.

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • 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.

  • Senior Subordinated Notes means the Borrower’s 9.75% Senior Subordinated Notes due 2014, in an original aggregate principal amount of $225,000,000.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.