Convertible Debentures. The Definition of the term "Convertible Debentures" as used in the Master Agreement shall hereinafter include the Additional Debentures.
Convertible Debentures if there is a default, an event of default or other similar circumstance under the Convertible Debentures or any indenture relating thereto and any applicable grace period has expired such that the holders thereof have accelerated repayment or are entitled to accelerate repayment of such Convertible Debentures;
Convertible Debentures. Each Stockholder that holds Debentures agrees that all Debentures held by such Stockholder shall be converted into shares of Common Stock (together with any shares of Common Stock representing accrued but unpaid interest on the Debentures) in accordance with Section 15.1 of the Debenture Purchase Agreement, dated as of January 13, 1997, as amended as of January 31, 1997, among the Company, British Aerospace Holdings, Inc. and Matra Marconi Space UK Limited (the "Debenture Agreement") relating thereto immediately prior to the Effective Time (except if converted prior to such date), and at such time, converted into the right to receive in the Merger Acquiror Shares in accordance with the terms of the Merger Agreement. In consideration for the foregoing, such Stockholder waives its rights under Section 11.3 of the Debenture Agreement with respect to the consummation of the Merger.
Convertible Debentures. Holdings shall not repurchase, redeem, repay or otherwise retire any Convertible Debentures except as permitted by Section 6.08(a)(vii).
Convertible Debentures. If, and only if, requested in writing by Parent, the Company shall, pursuant to Section 13.05(f) of the Indenture, dated as of May 16, 2006, by and among the Company, the Guarantors named therein and J.X. Xxxxxx Trust Company, as Trustee (the “Indenture”), promptly, and in any event within two Business Days of receipt of such request, send to the holders of the Convertible Debentures a Designated Event Notice (as such term is defined in the Indenture) providing that the Company has elected to adjust the conversion rate and the related conversion obligation of the Convertible Debentures in accordance with the provisions of Section 13.05(f) of the Indenture.
Convertible Debentures. Convertible Debentures" shall have the meaning given in Section 4.7 hereof.
Convertible Debentures. From and after the Effective Time, Parent shall cause the Surviving Corporation to comply with the provisions of the indenture dated as of July 31, 1997 between the Company and IBJ Xxxxxxxx Bank & Trust Company, a New York banking corporation, as trustee, in its entirety, including without limitation Sections 1311 and 1401 therein.
Convertible Debentures. As of the Effective Date, neither the Borrower nor the Material Subsidiaries have any outstanding Convertible Debentures aside from the Convertible Debentures issued by the Borrower on August 9, 2016.
Convertible Debentures. 12 SECTION 2.5
Convertible Debentures. Convertible debentures in the total aggregate principal amount of Seven Hundred Txxxxx-Xxx Xxxxxxxx Xxx Xxxxxxx Xxxxxx Xxxxxx Dollars ($722,000 USD) (the “Convertible Debentures”). The Convertible Debentures shall include the following terms: (i) the interest rate shall be ten percent (10%) compounded annually, (ii) the Convertible Debenture shall automatically convert into shares of SARS Common Stock (the “Conversion”) one (1) year from the date the Convertible Debenture was executed (the “Debenture Maturity Date”), (iii) the exercise price shall be One United States Dollar ($1.00 USD) per share, a form of Convertible Debenture is annexed hereto and made apart hereof as Exhibit A. The Convertible Debentures shall be issued to the individuals and/or entities listed on Schedule 4.2.
