Repayment of Debentures Sample Clauses

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. (b) 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 or new Debentures, 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. (c) 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 therefore in the Debentures.
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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.
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Repayment of Debentures. 17 SECTION 2.4
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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.
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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.
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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.
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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 ($5,000,000) towards the repayment of the obligations owed under the Outstanding Debentures between the date hereof and June 30, 2007. The Buyer shall have the sole right to allocate any such payments among the outstanding principal, accrued and unpaid interest, or other outstanding charges among the Outstanding Debentures in any order it sees fit. Any payments received by the Buyer towards the repayment of the obligations under the Outstanding Debentures pursuant to Section 6.14 of the Security Agreement dated the date hereof shall count towards the satisfaction of the requirements of this Section 4(r).
Sample 1
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Repayment of Debentures. On the same Business Day as the Representative makes written demand of the Company, which shall not be made earlier than the Business Day immediately after Closing, the Purchaser shall cause the Company to repay in full the principal amount of the Debentures, plus the interest accrued but unpaid thereon, to the Vendors, as their respective interests appear. The principal amount of Debentures to be held by each of the Vendors shall be the Canadian dollar equivalent of the U.S. dollar amounts set forth in the column "Old Debenture Principal (US$)" 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).
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Related to Repayment of Debentures

  • Repayment of Debt Upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Creditors, severally and not jointly, agree to cancel the Debt, up to an aggregate of $124,184.26 as the payment for the Shares at a price of $0.460829 per share. Each Creditor’s Debt Cancellation Amount as set forth on the signature page hereto executed by such Creditor shall be settled for “Delivery Versus Payment” with the Company. The Company shall deliver the Shares to the Creditors as the repayment of Debt within 30 days of this Agreement.

  • Redemption of Debentures 17 Section 3.1 Redemption................................................17 Section 3.2 Special Event Redemption..................................17 Section 3.3 Optional Redemption by Company............................17 Section 3.4

  • Subordination of Debentures 49 13.1 Agreement to Subordinate......................................49 13.2 Default on Senior Debt, Subordinated Debt or Additional Senior Obligations..............................49 13.3

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Form of Debentures Except in respect of the Initial Debentures, the form of which is provided for herein, the Debentures of each series shall be substantially in such form or forms (not inconsistent with this Indenture) as shall be established herein or by or pursuant to one or more resolutions of the Board of Directors (or to the extent established pursuant to, rather than set forth in, a resolution of the Board of Directors, in an Officers’ Certificate detailing such establishment) or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto or with any rules or regulations of any securities exchange or securities regulatory authority or to conform to general usage, all as may be determined by the directors or officers of the Corporation executing such Debentures on behalf of the Corporation, as conclusively evidenced by their execution of such Debentures.

  • 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.

  • Payment of Debt Borrower will pay the Debt at the time and in the manner provided in the Note and in this Security Instrument.

  • The Debentures SECTION 2.01.

  • Other Notes The Borrower agrees that it shall not provide any holder of the Notes issued on or about March 6, 2007, August 5, 2008, September 29, 2008 or October 31, 2008 (the "Other Notes") any concession or payment with respect to such Other Notes without first offering the Lender the opportunity to receive such payment or concession with respect to the Notes.

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