Examples of Convertible Debenture Indenture in a sentence
As used herein, “Parent Indenture” means that certain Convertible Debenture Indenture dated as of February 28, 2012, between Parent and Computershare Trust Company of Canada, as amended, restated, supplemented or otherwise modified from time to time.
The Pledgor confirms that all indemnities and protective clauses provided that apply to the Trustee under the Convertible Debenture Indenture shall also apply to the Secured Party hereunder.
Existing convertible debentures issued pursuant to the Convertible Debenture Indenture dated February 9, 2011 would be exchanged for non-convertible, 7-year subordinated notes bearing interest at the rate of 7.75% per annum.
At any time after the commencement of Enforcement Proceedings, the Secured Party may, subject to the provisions of the Convertible Debenture Indenture, from time to time, appoint in writing any qualified Person to be a receiver or receiver and manager (in any case, the “Receiver”) of the Collateral, whose fees will be payable by the Pledgor, and may likewise remove any such Person so appointed and appoint another qualified Person in his stead.
On December 9, 2021, the Company entered into Second Supplemental Convertible Debenture Indenture (the “Second Supplemental Indenture”) to amend the terms and conditions for the above debentures to reduce the conversion price of the debentures from CDN $5.00 per common share to CDN $2.50 per common share from January 10, 2022 to July 9, 2022.