Borrower Debenture definition

Borrower Debenture means the first ranking debenture between the Borrower as chargor and the Lender as chargee with respect to the UoB Account and all of the Transferred Convertible Notes and cash credited to the UoB Account.

Borrower Debenture means the debenture creating assignments and fixed and floating charges to be entered into between the Borrower and the Security Trustee in respect of the assets of the Borrower described therein.

Borrower Debenture is the debenture in the Agreed Form to be executed on or about the Effective Date by the UK Borrower in favour of the Bank, as amended and/or restated, supplemented, varied or novated from time to time.

Examples of Borrower Debenture in a sentence

• For the avoidance of doubt, the Security granted under the Borrower Debenture shall be irrevocably and unconditionally discharged and released in full on the date when the outstanding amount of the Loans and the accrued interests of the Loans have been fully repaid.

• The performance by the Borrower of its obligations under this Agreement shall be secured by the Security granted under the Borrower Debenture.

• The Borrower Security Agreement, the Pledge Agreement, the Lockbox Agreements, the Intercompany Debenture and the Borrower Debenture, each duly executed by Borrower or HP UK, as required, together with the collateral pledged thereunder and such other assignments, instruments, financing statements and fixture filings as Bank requires.

• The Borrower agrees that its obligations to the Facility Parties under the Facility Documents shall at all times be secured in accordance with the Borrower Debenture.

• If there will be no substitution the Borrower shall pay all amounts due under Clause 4.5.1(a) into the Proceeds Account and immediately upon irrevocable receipt of such funds, the Security Trustee shall release the relevant Mortgage and the Borrower Debenture or relevant Sub-Borrower Debenture (as the case may be) insofar as it relates to the relevant Aircraft.

More Definitions of Borrower Debenture

Borrower Debenture means the debenture granted by the Borrower in favour of the Security Agent, in form and substance acceptable to the Security Agent and the Agent (each acting reasonably).

Borrower Debenture means a Debenture of even date herewith executed by Borrower providing for a floating charge upon all assets of Borrower which may hereafter be located in the United Kingdom, the terms of which are subject to and controlled by the Security Agreement.

Borrower Debenture means the debenture dated 15th June, 2020, as amended, supplemented, amended and restated or otherwise modified from time to time, made between the Borrower and the Agent whereby the Borrower has granted a fixed and floating charge over its assets to the Agent for the benefit of itself and the Banks by way of security for the repayment of all sums due under this Agreement;

Borrower Debenture the debenture in respect of all assets and undertaking of the Borrower in the Agreed Form.

Borrower Debenture means the debenture agreement, governed by Israeli law, in the form of Schedule 1.1.15 hereto executed on Financial Close between the Borrower and the Security Trustee, as amended from time to time, pursuant to which and subject to the terms and conditions thereof, the Borrower granted to the Security Trustee, as part of the security for the Secured Obligations, inter alia:

Borrower Debenture means that certain 1.75% Convertible Subordinated Debenture due 2024 in an aggregate principal amount of $125,000,000, dated as of May 18, 2004, as increased to an aggregate principal amount of $150,000,000, executed by the Borrower, as issuer, and authenticated by Xxxxx Fargo Bank, National Association, as trustee.

Borrower Debenture the Fixed and Floating Charge Demand Debenture issued by the Borrower in favour of the Agent, creating a mortgage, pledge and charge on the property of the Borrower, as the same may be amended, supplemented, restated, replaced or otherwise modified from time to time.