Form and Terms of the Debentures Sample Clauses

Form and Terms of the Debentures. (a) Except as may be amended, superseded, modified or supplemented by this Section 2.2, all of the terms of this Indenture shall apply to the Debentures;
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Form and Terms of the Debentures. (1) The Debentures authorized for issue under this Indenture is limited to an aggregate principal amount of up to US$28,750,000 (which amount includes the 15% over-allotment option granted to the Agents pursuant to the Agency Agreement) and shall collectively be designated as “12% Senior Secured Convertible Debentures”.
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Form and Terms of the Debentures. 5 SECTION 2.1 Form and Dating..............................................................................5 SECTION 2.2 Terms of the Debentures......................................................................6 SECTION 2.3 Payment of Interest; Interest Rights Reserved...............................................11
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Form and Terms of the Debentures. The Debentures authorized for issue under this Indenture is limited to an aggregate principal amount of up to $3,000,000 and shall collectively be designated as "12% Senior Secured Convertible Debentures". The Debentures shall be dated as of the date of issuance and shall mature on the Maturity Date. The Debentures shall bear interest from the date of issue at the rate of 12% per annum. Interest will be paid in cash, accruing daily and due and payable monthly. The interest will be payable in arrears on last day of each month and on the Maturity Date (each, an "Interest Payment Date"). The first such payment shall fall due on July 30, 2020 and the last such payment (representing interest payable from the last Interest Payment Date to, but excluding, the Maturity Date) to fall due on the Maturity Date. Interest shall be payable after as well as before maturity and after as well as before default, with interest on amounts in default at the same rate, compounded monthly. For certainty, the first interest payment will include interest accrued from and including the date of issuance of the Debentures to, but excluding July 30, 2020. Any payment required to be made on any day that is not a Business Day will be made on the next succeeding Business Day. The record date for the payment of interest on the Debentures will be that date which is five Business Days prior to each Interest Payment Date. All of the principal amount of the outstanding Debentures may be redeemed at the option of the Corporation in whole or in part from time to time on notice as provided for in Section 4.2 at the Redemption Price payable in cash. The Redemption Notice for the Debentures shall be substantially in the form of Schedule "B". The Debentures will be direct secured obligations of the Corporation and will rank pari passu with each other Debenture (regardless of their actual date or terms of issue), secured by a first priority Lien over the Property of the Corporation (subject to Permitted Liens). The Debentures will rank senior in right of payment to all other Debt of the Corporation. Upon and subject to the provisions and conditions of Article 5 and Section 3.6, the holder of each Debenture shall have the right at such holder's option, at any time prior to the third business day prior to the earlier of (i) the Maturity Date and
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Form and Terms of the Debentures. (1) The Debentures authorized for issue under this Indenture is limited to an aggregate principal amount of $25,000,000 as it relates to Series A Debentures and $6,000,000 as it relates to Series B Debentures and shall collectively be designated as “9.0% Secured Convertible Debentures”.
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Form and Terms of the Debentures 
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Related to Form and Terms of the Debentures

  • Form, Dating and Terms (a) The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The Initial Notes issued on the date hereof will be in an aggregate principal amount of $600,000,000. In addition, the Issuer may issue, from time to time in accordance with the provisions of this Indenture, Additional Notes (as provided herein). Furthermore, Notes may be authenticated and delivered upon registration of transfer, exchange or in lieu of, other Notes pursuant to Sections 2.2, 2.6, 2.8, 2.10, 5.5 or 9.5, in connection with an Asset Disposition Offer pursuant to Section 3.5 or in connection with a Change of Control Offer pursuant to Section 3.9. Notwithstanding anything to the contrary contained herein, the Issuer may not issue any Additional Notes, unless such issuance is in compliance with Section 3.2. With respect to any Additional Notes, the Issuer shall set forth in (i) an Officer’s Certificate and (ii) one or more indentures supplemental hereto, the following information:

  • Terms of Notes The following terms relating to the Notes are hereby established:

  • Issuance and Terms of Equipment Notes The Equipment Notes shall be dated the date of issuance thereof, shall be issued in three separate series consisting of Series A, Series B and Series C and in the maturities and principal amounts and shall bear interest as specified in Schedule I hereto. On the date of the consummation of the Transactions, each Equipment Note shall be issued to the Subordination Agent on behalf of the Pass Through Trustees under the Pass Through Trust Agreements. The Equipment Notes shall be issued in registered form only. The Equipment Notes shall be issued in denominations of $1,000 and integral multiples thereof, except that one Equipment Note of each Series may be in an amount that is not an integral multiple of $1,000. Each Equipment Note shall bear interest at the Debt Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on the unpaid Original Amount thereof from time to time outstanding, payable in arrears on April 1, 1998, and on each October 1 and April 1 thereafter until maturity. The Original Amount of each Equipment Note shall be payable on the dates and in the installments equal to the corresponding percentage of the Original Amount as set forth in Schedule I hereto which shall be attached as Schedule I to the Equipment Notes. Notwithstanding the foregoing, the final payment made under each Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, such Equipment Note. Each Equipment Note shall bear interest at the Payment Due Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any part of the Original Amount, Make-Whole Amount, if any, and, to the extent permitted by applicable Law, interest and any other amounts payable thereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue. Amounts shall be overdue if not paid when due (whether at stated maturity, by acceleration or otherwise). Notwithstanding anything to the contrary contained herein, if any date on which a payment under any Equipment Note becomes due and payable is not a Business Day then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day and if such payment is made on such next succeeding Business Day, no interest shall accrue on the amount of such payment during such extension.

  • Terms of the Notes The following terms relating to the Notes are hereby established:

  • Amounts and Terms of the Purchases Section 1.1.

  • Amount and Terms of the Loan Subject to the terms of this Agreement:

  • Terms of the Warrants (i) The Warrants shall have their terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”).

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