Common Contracts
1 similar Agency Agreement contracts
AGENCY AGREEMENTAgency Agreement • November 20th, 2018 • Ontario
Each Debenture will be dated as of the Closing Date (as hereinafter defined) and will bear interest at a rate of 12% per annum (on the basis of a 360-day year composed of twelve 30-day months) from the date of issue until December 31, 2019, after which the coupon interest will decrease to 10% per annum, payable semi-annually in arrears on the last Business Day (as hereinafter defined) of June and December of each year until the Maturity Date (as hereinafter defined). The first interest payment will be made on December 31, 2019 and will consist of interest accrued from and including the Closing Date to but excluding December 31, 2019. Holders converting their Debentures on or after December 31, 2019 will receive accrued and unpaid interest thereon, up to, but excluding, the date of conversion. For greater certainty, holders converting their Debentures before December 31, 2019 will forego any accrued interest thereon and be entitled to convert the then outstanding principal amount of the
