ISSUANCE OF DEBENTURE. The Company shall immediately on allotment of Debentures in Dematerialized Form, take reasonable steps to credit the beneficiary account of the Beneficial Owner(s) with the Depository Participant as mentioned in the application form, with the number of Debentures allotted within a period of two days from the date of allotment of debentures.
ISSUANCE OF DEBENTURE. On the date hereof, the Company shall issue to the Lender the New Debenture in the form of Exhibit A attached hereto, against delivery by the Lender to the Company of $390,000 (the "Loan Proceeds"). The Loan Proceeds shall be used exclusively by the Company for working capital purposes. The Company hereby acknowledges and agrees that the New Debenture shall be treated as issued pursuant to the terms of the Purchase Agreement and each Related Agreement, including, without limitation, the Security Agreement. It is expressly agreed by the Company that the Lender shall be provided the same rights, preferences, privileges, causes of action, security, demands and any and other benefits under the Purchase Agreement and each Related Agreement with respect to the New Debenture as exists with respect to the Original Debentures (provided, the New Debenture shall not be convertible into Common Stock of the Company).
ISSUANCE OF DEBENTURE. The Subscriber agrees to loan the principal amount of Six Million Five Hundred Thousand Canadian Dollars ($6,500,000) to the Corporation, and the Corporation agrees, upon payment of such amount by the Subscriber to the Corporation, to execute and deliver to the Subscriber a debenture (the "Debenture") in the form attached hereto as Schedule 4, together with such amendments as may be agreed upon by the Corporation and the Subscriber.
ISSUANCE OF DEBENTURE. As of even date herewith (the “Closing Date”), GoldSpring will issue to Winfield, one or more of the 12% Secured Convertible Debentures of GoldSpring, in the aggregate principal amount of $6,855,184, in substantially the form attached hereto as Exhibit A (collectively the “Debenture”). The Debenture shall provide for, among other things:
ISSUANCE OF DEBENTURE. The Debenture has been duly and validly authorized for issuance, offer and sale pursuant to this Agreement and, when issued and delivered as provided hereunder against payment in accordance with the terms hereof, shall be valid and binding obligation of the Company enforceable in accordance with its terms. The Company has and at all times while the Debenture is outstanding has and will continue to maintain an adequate reserve of shares of Common Stock to enable it to perform its obligations under this Agreement and the Debenture. When issued in accordance with the terms hereof and the Debenture, the Underlying Shares will be duly authorized, validly issued, fully paid and nonassessable.
ISSUANCE OF DEBENTURE. The Company hereby agrees to issue to the Purchasers against payment therefor as described herein, a debenture of the Company in the aggregate principal amount of $575,000.00 (the “Principal Amount”), which debenture shall be in the form of Exhibit A attached hereto (a “Debenture”). The total purchase price to be paid by the Purchaser for the purchase of the Debenture is $500,000.00 (the “Subscription Amount”). This Debenture was issued for an original issue discount. Subject to the terms and conditions hereunder, at the closing, the Company shall deliver to the Purchaser the Debenture, and the Purchaser shall deliver the Subscription Amount to the account designated in writing by the Company as set forth on Schedule 1 attached hereto.
ISSUANCE OF DEBENTURE. On the date hereof, the Company shall issue to the Lender the New Debenture in the form of Exhibit A attached hereto, against delivery by the Lender to the Company of $850,000 (the "Loan Proceeds"). The Loan Proceeds shall be used exclusively by the Company as a cash collateral account to secure the issuance of a Letter of Credit from Wellx Xxxgo (or a similar financial institution) to Avantel, SA (the "Letter of Credit"). The Letter of Credit will secure certain performance obligations by the Company under its contractual agreement with Avantel, SA. The Company hereby acknowledges and agrees that the New Debenture shall be treated as issued pursuant to the terms of the Purchase Agreement and each Related Agreement, including, without limitation, the Security Agreement. It is expressly agreed by the Company that the Lender shall be provided the same rights, preferences, privileges, causes of action, security, demands and any and other benefits under the Purchase Agreement and each Related Agreement with respect to the New Debenture as exists with respect to the Original Debenture.
ISSUANCE OF DEBENTURE. The Company agrees to issue Visionary a Debenture in the form and on the terms attached hereto as Exhibit "B" with a total face amount of $552,275.00 and an Issue Date of even date herewith.
ISSUANCE OF DEBENTURE. Subject to the terms and conditions of this Agreement, at the Closing (as defined below), the Company shall issue and sell to Investor a debenture (the “Debenture”) in the principal amount of $5,000,000 (the “Principal Amount”) against payment by Investor to the Company of the Principal Amount, which shall be convertible into up to 4,000,000 shares of Common Stock. The Debenture shall be in the form of Exhibit A attached hereto.
ISSUANCE OF DEBENTURE. On the date hereof, the Company shall issue to the Lender the Amended Debenture in the form of Exhibit A attached hereto. The Amended Debenture shall amend, restate and replace in their entirety the Original Debentures. The Parties hereby acknowledge and agree that the Amended Debenture and February Debenture shall each be treated as issued pursuant to the terms of the Purchase Agreement and each Related Agreement, including, without limitation, the Security Agreement. It is expressly agreed by the Company that the Lender shall be provided the same rights, preferences, privileges, causes of action, security, demands and other benefits under the Purchase Agreement and each Related Agreement with respect to the Amended Debenture and February Debenture as existed with respect to the Original Debentures.
