10% Debentures definition

10% Debentures means the 10% convertible unsecured subordinated debentures of the Trust due November 1, 2007;
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10% Debentures means the subordinated debentures issued by the Company, due November 15, 2003, under an indenture dated as of January 14, 1974 between the Company and Sterling National Bank & Trust Co. of New York, as trustee, and bearing an interest rate of ten percent (10%).
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10% Debentures means the unsecured convertible debentures issued July 5, 2018, bearing interest 10% annual interest with a maturity date of July 5, 2020, convertible into ZeU Shares at a price of $1.00 (the “10% Debenture Conversions Price”) at the option of the holder at any time until maturity. Upon the occurrence of a Liquidity Event, ZeU is entitled to require the holders of 10% Debenture to convert up to 25% of the principal amount outstanding, together with any accrued and unpaid interest owing thereon, into ZeU Shares at the 10% Debenture Conversions Price;
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Examples of 10% Debentures in a sentence

  • ITC shall issue in exchange for the Airtech Common Stock $6,000,000 principal amount Convertible 10% Debentures.

  • Personal Injury Settlement Trust (the "TRUST") and (ii) to repay the total amount outstanding under the 10% Debentures and (iii) to redeem 660,000 shares of Common Stock from the Trust.

  • BANK OF MONTREAL By: And: Secretary Chairman (Seal) (Form of Trustee's Certificate) TRUSTEE'S CERTIFICATE This Debenture is one of the Series 10 Debentures issued under the Indenture within mentioned.

  • Any amounts remaining in the Fund after redemption of all the Series 10 Debentures or.after payment in full of the principal of and interest on all the Series 10 Debentures (or provision for the payment thereof is made) and of the remuneration and expenses of the Trustee shall be repaid to the Bank.

  • This Temporary Global Debenture, until exchanged for Definitive Series 10 Debentures, shall entitle the holder thereof to rank for all purposes as a Debentureholder (as defined in the Indenture) and otherwise in respect of the Indenture to the same extent and in the same manner as though the said exchange had actually been made, except as otherwise provided herein.

  • This Temporary Global Debenture is an interim Series 10 Debenture without coupons in respect of a duly authorized issue of Debentures of Bank of Montreal (the "Bank") designated as specified in the title hereof (the "Series 10 Debentures") limited to an aggregate principal amount of U.S. $250,000,000 and issued pursuant to an indenture dated as of July 23, 1986 between the Bank and The Royal Trust Company (the "Trustee"), as trustee for the Debentureholders (the "Indenture").

  • Subject to the provisions of Article Ten and of the last sentence of section 9.01, upon declaration of acceleration upon the occurrence of an event of default, the Trustee shall apply such amount as is available in the Fund and necessary to pay the principal of and interest on the Series 10 Debentures.

  • Payment of interest upon the Series 10 Debentures due on an Interest Payment Date occurring prior to the Exchange Date will be made by the Bank to Morgan Guaranty Trust Company ▇▇ ▇▇w York, Brussels office, as operator of the Euro-clear System ("Euro-clear") and CEDEL S.A. ("CEDEL").

  • Holders converting their 10% Debentures will receive‌ accrued and unpaid interest thereon for the period from and including the date of the latest interest payment date to, and including, the date of conversion.

  • So long as any of the Series 10 Debentures remains outstanding, the Bank shall at all times have an Agent Bank and four Reference Banks for the purpose of determining the Rate of Interest on the Series 10 Debentures.


More Definitions of 10% Debentures

10% Debentures means convertible unsecured subordinated debentures of the Trust due on November 1, 2007 and convertible into Trust Units at a price of $13.30 per Trust Unit;
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