Common use of Placement of Debenture Clause in Contracts

Placement of Debenture. The placement of Debenture shall be private, and Debenture shall be fully subscribed to on the date of their Issue by the Debentureholder, and the shareholders of the Issuer have been ensured the preemptive right for subscription to Debenture, pursuant to the provisions of paragraph 3, of article 171, of Law No. 6,404 of December 15, 1976, as amended and in effect (“Corporation Law”), in proportion to the number and types of shares issued by the Issuer held by them on the Issue Date, and the shareholders have previously waived their respective preemptive rights.

Placement of Debenture. The placement of the Debenture shall be private, and the Debenture shall be fully subscribed to on the date of their Issue by the Debentureholder, and the shareholders of the Issuer have been ensured the preemptive right for subscription to the Debenture, pursuant to the provisions of paragraph 3, of article 171, of Law No. 6,404 of December 15, 1976, as amended and in effect (“Corporation Law”), in proportion to the number and types of shares issued by the Issuer held by them on the Issue Date, and the shareholders have previously waived their respective preemptive rights.