Convertible Debenture Financing definition

Convertible Debenture Financing means the non-brokered private placement of GT of $7,268,754 principal amount of Convertible Debentures, completed on March 9, 2018;
Sample 1
Convertible Debenture Financing means the Company’s ongoing non-brokered private placement of a maximum principal amount of $12.0 million convertible debentures which are convertible into Common Shares at a price of $4.60 per Common Share.
Sample 1
Convertible Debenture Financing means the private placement of $6.5 million aggregate principal amount of Convertible Debenture Units that closed on August 16, 2017 (as to the brokered portion) and October 5, 2017 (as to the non-brokered portion).
Sample 1

Examples of Convertible Debenture Financing in a sentence

  • On April 22, 2013 the Company closed the first tranche of the Convertible Debenture Financing with two arm’s length parties for a total amount of Cdn $150,000.

  • The amount of $93,650 has been recorded under Convertible Debentures (Liabilities) and the amount of $6,350 has been recorded under Convertible Debentures (Equity).On June 26, 2013 the Company closed the fourth tranche of the Convertible Debenture Financing with three arm’s length parties for a total amount of Cdn $150,000.

  • It is expected that in order for the lenders to provide the Debt Financing, Equinox Gold must complete the Equity Financing, a private placement of Equinox Gold Common Shares, at a price of US$6.18 (C$8.15, as at December 13, 2019) per Equinox Gold Common Share, for proceeds of US$40 million; and the Convertible Debenture Financing, a private placement of US$130 million in convertible debentures.

  • The amount of $491,665 has been recorded under Convertible Debentures (Liabilities) and the amount of $33,335 has been recorded under Convertible Debentures (Equity).On June 10, 2013 the Company closed the third tranche of the Convertible Debenture Financing with an arm’s length party for the amount of Cdn $100,000.

  • In connection with the Convertible Debenture Financing, the Company issued 352,000 compensation options to the Agents which are convertible into units for a period of two years following the Liquidity Event at an exercise price of $0.75 per unit, with each unit comprised of one common share and one common share purchase warrant, each warrant convertible into a common share for a period of two years at an exercise price of $1.00 per share.

  • On November 8, 2016, WeedMD closed a $7,600,000 convertible debenture unit financing (the "Convertible Debenture Financing") with a syndicate of agents (the "Agents").

  • The amount of $140,416 has been recorded under Convertible Debentures (Liabilities) and the amount of $9,524 has been recorded under Convertible Debentures (Equity).On May 22, 2013 the Company closed the second tranche of the Convertible Debenture Financing with seven arm’s length parties for a total amount of Cdn $525,000.

  • Under monopoly, a standard result is that a monopolist and consumers share the burden of a per-unit tax.23 This is essentially what Proposition 2 says.24An additional analogy with taxation emerges from the conditions in (7).

  • The Company intends to use the net proceeds of the Convertible Debenture Financing to: (i) to prepay $20,000,000 of the principal outstanding under the Company’s existing senior secured convertible promissory loan (the “Debt Prepayment”) with UFA Film und Fernseh GmbH (the “Secured Convertible Loan”); (ii) for M&A transactions; and (iii) for working capital and general corporate purposes.

  • Further to the Company’s News Releases dated April 3 & 4, 2013, the Company is pleased to announce that it has closed the first tranche of the Convertible Debenture Financing with two parties for a total amount of Cdn $150,000.For more information on the Company, please contact us at (604) 681-1519.


More Definitions of Convertible Debenture Financing

Convertible Debenture Financing means the public offering of Convertible Debentures to raise minimum gross proceeds of $5,000,000 and maximum gross proceeds of $20,000,000 (or $23,000,000, in the event that the Over-allotment Option is duly exercised in full and the increase in the Initial Investment is consented to by the Borrower) through the issuance of a minimum of 5,000 and a maximum of 20,000 Convertible Debentures (or 23,000 in the event that the Over-Allotment Option is exercised in full) at a price of $1,000 per Convertible Debenture, which may be closed in one or more tranches.
Sample 1
Convertible Debenture Financing means the convertible debentures and warrants issued pursuant to the Securities Purchase Agreement, dated as of the date hereof, by and between the Company and the purchasers signatory thereto.
Sample 1

Related to Convertible Debenture Financing

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Convertible Notes means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the Convertible Notes Indenture.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Convertible Debt means Debt issued by the Borrower which by its terms may be converted into or exchanged for equity securities of the Borrower at the option of the Borrower or the holder of such Debt, including without limitation, Debt with respect to which the performance due by the Borrower may be measured in whole or in part by reference to the value of an equity security of the Borrower but may be satisfied in whole or in part in cash.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Convertible Note Documents means the indenture under which the Convertible Notes are issued and all other instruments, agreements and other documents evidencing or governing the Convertible Notes or providing for any other right in respect thereof.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Convertible Note Indenture means the Indenture dated as of February 21, 2014 between Emergent and the Convertible Note Trustee pursuant to which the Convertible Notes were issued.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • New Financing has the meaning specified in Section 2.04(a).

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.