Examples of Debenture in a sentence
The Company's undertakings to the Trustee 68 1614780295.2 The Company hereby undertakes to the Trustee, and the Debenture Holders so long as the Debentures (Series D) have not been repaid in full, as follows: 18.
In the event that by the earlier of either the date of payment of the interest and/or principal or a reasonable period of time after receipt of the monetary amount, the Trustee does not have a sufficient sum to pay at least ILS 1 million, the Trustee may distribute the funds held by it to the Debenture Holders.
General In this Debenture (Series D), the terms below shall have the meaning set out next to them, and terms for which no meaning is provided below shall have the meaning given to them in the Deed of Trust, unless explicitly noted otherwise: "Business Day" or "Bank Business Day" Any day on which the TASE Clearing House and most banks in Israel are open for the execution of transactions.
It should be noted that the Trustee will not be able to enter into an agreement with the Company as aforesaid if this creates a conflict of interest with its tenure as Trustee for the Debenture (Series D) Holders.