Repayment of Debentures. Subject to the terms of the Subordination Agreement, all unpaid principal amounts and accrued and unpaid interest under the Debentures, and all other obligations of the Borrowers to the Holders due and owing hereunder shall be paid upon the earliest of (i) the date of acceleration of the Debentures pursuant to Article VIII, (ii) the date of redemption pursuant to Section 2.6 or 2.7 and (ii) the Maturity Date, in immediately available dollars, without set-off, defense or counterclaim.
Repayment of Debentures. 16 SECTION 2.4
Repayment of Debentures. (a) If any notice of repayment has been given as provided in Section 5.3, the Debentures or portion of the Debentures with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice. On presentation and surrender of such Debentures at a Place of Payment in said notice specified, the said securities or the specified portions thereof shall be paid by the Company at their principal amount, together with accrued interest to but excluding the Repayment Date; provided that, except in the case of a repayment in full of all Outstanding Debentures, installments of interest whose Stated Maturity is on or prior to the Repayment Date will be payable to the Holders of such Debentures, registered as such at the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 1001 of the Base Indenture.
Repayment of Debentures. If any notice of repayment has been given as provided in Section 5.03, the Debentures or portion of the Debentures with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice. On presentation and surrender of such Debentures at a Place of Payment in said notice specified, the said Debentures or the specified portions thereof shall be paid by the Company at their principal amount, together with accrued interest to but excluding the Repayment Date, and any deferred interest (including Additional Interest) shall be paid in accordance with Section 2.06; provided that, except in the case of a repayment in full of all Outstanding Debentures, installments of interest whose Stated Maturity is on or prior to the Repayment Date will be payable to the Holders of such Debentures, registered as such at the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 1101 of the Indenture. Upon presentation of any Debentures repaid in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the Holders thereof, at the expense of the Company, a new Debenture, of authorized denominations, in aggregate principal amount equal to the portion of the Debentures not repaid and so presented and having the same Scheduled Maturity Date and other terms. If a Global Security is so surrendered, such new Debentures will also be a new Global Security. If any Debentures required to be repaid shall not be so repaid upon surrender thereof, the principal of such Debentures shall, until paid, bear interest from the applicable Repayment Date at the rate prescribed therefor in the Debentures.
Repayment of Debentures. On the same Business Day as the Representative makes written demand of the Company, which shall not be made earlier than the Business Day immediately after Closing, the Purchaser shall cause the Company to repay in full the principal amount of the Debentures, plus the interest accrued but unpaid thereon, to the Vendors, as their respective interests appear. The principal amount of Debentures to be held by each of the Vendors shall be the Canadian dollar equivalent of the U.S. dollar amounts set forth in the column "Old Debenture Principal (US$)" in Schedule 1.1(c), plus certain accrued but unpaid interest thereon, all as contemplated in Section 2.1 of the Debenture Prepayment Agreement. At the time of such repayment, the Representative shall deliver all of the Debentures to the Company, free and clear of all Encumbrances, for cancellation. The repayment required under this Section 9.7 shall be made to the Representative for immediate disbursement to the Vendors in the proportions appearing in column "Percentage of Old Debenture Principal" in Schedule 1.1(c).
Repayment of Debentures. In the event of a Subsequent Financing, the holders of at least 50% in principal amount plus $1.00 of the then outstanding Debentures may require the Company to use fifty percent (50%) of the proceeds therefrom to repay the Prepayment Amount.
Repayment of Debentures. Each of the parties hereto agrees that all repayments of the Debentures (including any accrued interest thereon) by the Company (other than by conversion of the Debentures) will be paid pro rata to the holders thereof based upon the principal amount then outstanding to each of such holders.
Repayment of Debentures. The Company shall have used to the Cash Consideration and the Repayment Notes to repay the Debentures which shall have been canceled.
Repayment of Debentures. In addition to the Convertible Debentures to be issued hereunder, the Company has issued and sold to the Buyer (i) a secured convertible debenture (including any debentures issued in exchange, transfer or replacement thereof) issued pursuant to the securities purchase agreement between the Company and the Buyer dated August 24, 2006 (the “August Convertible Debenture”), (ii) a secured convertible debenture (including any debentures issued in exchange, transfer or replacement thereof) issued pursuant to the securities purchase agreement between the Company and the Buyer dated December 29, 2006 (the “December Convertible Debenture,” and collectively along with the August Convertible Debenture and the Convertible Debenture, the “Outstanding Debentures”). Notwithstanding any limitations contained in the Outstanding Debentures but otherwise subject to the repayment terms of the Outstanding Debentures, the Company agrees to pay to the Buyer in immediately available funds at least five million dollars ($5,000,000) towards the repayment of the obligations owed under the Outstanding Debentures between the date hereof and June 30, 2007. The Buyer shall have the sole right to allocate any such payments among the outstanding principal, accrued and unpaid interest, or other outstanding charges among the Outstanding Debentures in any order it sees fit. Any payments received by the Buyer towards the repayment of the obligations under the Outstanding Debentures pursuant to Section 6.14 of the Security Agreement dated the date hereof shall count towards the satisfaction of the requirements of this Section 4(r).
