Note of Debenture Sample Clauses

Note of Debenture. In the case of any Real Property, title to which is or will be registered under the Land Registration Acts 1925 to 1988, acquired by or on behalf of a Chargor after the execution of this Debenture, that Chargor shall promptly notify the Collateral Agent of the title number(s) and, contemporaneously with the making of an application to H.M. Land Registry for the registration of that Chargor as the Registered Proprietor thereof, apply to H.M. Chief Land Registrar to enter a note of this Debenture on the Charges Register of such property.
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Note of Debenture. In the case of any property secured by the Debentures, title to which is, or will be, registered under the Land Registration Acts 1925 to 1988, the pertinent Loan Party shall make, or consent to the UK Security Trustee or any of its agents making, an application to the H.M. Chief Land Registrar in respect of the entry of a Notice of the Debentures on the Charges Register of such property, requesting that it be noted on the relevant register that it is intended that the security created by the debentures should rank pari passu and a restriction in terms set out in clause 4.4 of the Debentures.
Sample 1
Note of Debenture. In the case of any property secured by the ----------------- Post-Petition Debenture and the Debentures, title to which is, or will be, registered under the Land Registration Acts 1925 to 1988, the pertinent Loan Party shall make, or consent to the Post-Petition UK Collateral Agent and the UK Security Trustee or any of their agents making, an application to the H.M. Chief Land Registrar in respect of the entry of a Notice of the Debentures and the Post-Petition Debenture on the Charges Register of such property, requesting that it be noted on the relevant register that it is intended that the security created by the Debentures should rank pari passu and a restriction in terms set out in clause 4.4 of both the Debentures and the Post-Petition Debenture.
Sample 1
Note of Debenture. In the case of any property secured by the Working Capital Debenture and the Debentures, title to which is, or will be, registered under the Land Registration Acts 1925 to 1988, the pertinent Loan Party shall make, or consent to the Working Capital UK Collateral Agent and the UK Security Trustee or any of their agents making, an application to the H.M. Chief Land Registrar in respect of the entry of a Notice of the Debentures and the Working Capital Debenture (as well as any equivalent security provided in favor of the Working Capital Lenders) on the Charges Register of such property, requesting that it be noted on the relevant register that it is intended that the security created by the Debentures should rank pari passu and a restriction in terms set out in clause 4.4 of both the Debentures and the Working Capital Debenture (and any such equivalent security).
Sample 1

Related to Note of Debenture

  • Form of Debenture The Debenture and the Trustee's Certificate of Authentication to be endorsed thereon are to be substantially in the forms contained as Exhibit A to this Indenture, attached hereto and incorporated herein by reference.

  • Payment of Debentures (a) The Company shall pay the principal of and premium, if any, and interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding) on the Debentures on or prior to the dates and in the manner provided in such Debentures or pursuant to this Junior Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the applicable due date if on such date the Trustee or the Paying Agent holds, in accordance with this Junior Indenture, money sufficient to pay all of such installment then due. With respect to any Debenture, the Company shall pay interest on overdue principal and interest on overdue installments of interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding), to the extent lawful, at the rate per annum borne by such Debenture, compounded quarterly. Interest on overdue interest shall accrue from the date such amounts become overdue.

  • Conversion of Debenture This Debenture shall be convertible into shares of the Company’s Common Stock, on the terms and conditions set forth in this Section 4.

  • Debenture A Debenture(s) representing the principal amount of Debentures purchased by such Purchaser as set forth next to such Purchaser's name on Schedule I, registered in the name of such Purchaser, each in form satisfactory to the Purchaser;

  • REDEMPTION OF DEBENTURES Section 3.1. Redemption......................................................................... 16 Section 3.2. Special Event Redemption........................................................... 16 Section 3.3. Optional Redemption by the Company................................................. 17 Section 3.4.

  • Execution of Debentures The Debentures shall be signed in the name and on behalf of the Company by the manual or facsimile signature of its Chairman of the Board of Directors, Chief Executive Officer, Vice Chairman, President, one of its Managing Directors or one of its Executive Vice Presidents, Senior Vice Presidents or Vice Presidents. Only such Debentures as shall bear thereon a certificate of authentication substantially in the form herein before recited, executed by the Trustee or the Authenticating Agent by the manual signature of an authorized signer, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee or the Authenticating Agent upon any Debenture executed by the Company shall be conclusive evidence that the Debenture so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. In case any officer of the Company who shall have signed any of the Debentures shall cease to be such officer before the Debentures so signed shall have been authenticated and delivered by the Trustee or the Authenticating Agent, or disposed of by the Company, such Debentures nevertheless may be authenticated and delivered or disposed of as though the Person who signed such Debentures had not ceased to be such officer of the Company; and any Debenture may be signed on behalf of the Company by such Persons as, at the actual date of the execution of such Debenture, shall be the proper officers of the Company, although at the date of the execution of this Indenture any such person was not such an officer. Every Debenture shall be dated the date of its authentication.

  • Conversion of Debentures Section 16.01.

  • Convertible Note 9 Section 3.8

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.

  • Subordination of Debentures 48 Section 16.1. Agreement to Subordinate........................................48 Section 16.2. Default on Senior Debt, Subordinated Debt or Additional Senior Obligations..................................................49 Section 16.3.

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