Common use of Debenture Due on Redemption Date Clause in Contracts

Debenture Due on Redemption Date. Upon a notice having been given and subject to the Holder exercising its Conversion Right prior to the Redemption Date as provided in Section 6.2, the portion of this Debenture so called for redemption shall thereupon be and become due and payable at the Redemption Amount, on the Redemption Date, in the same manner and with the same effect as if it were the Maturity Date specified in this Debenture, and from and after such Redemption Date, if the cash, or cash and Common Shares, as the case may be, necessary to redeem this Debenture shall have been paid to the Holder as herein provided, this Debenture shall not be considered as outstanding hereunder to the extent of the Principal Sum redeemed, and Interest on the Principal Sum so redeemed, shall cease to accrue after such date.