Examples of Debenture Agreement in a sentence
On December 31, 2009, the Company and debenture holders executed the First Amending Agreement to the original Debenture Agreement permitting flexible interest rate revisions.
All other terms are subject to the terms of the original Debenture Agreement.
In the event a Fundamental Change occurs [defined as the occurrence of a “Change of Control” or a “Termination of Trading”] following the original issuance of the Debentures, it may result in the Company repurchasing the Debentures at 110% of the Debenture amount, plus accrued and unpaid interest, subject to repurchasing terms in the Debenture Agreement.
The Company covenants and agrees that, in the event that the Company's agency relationship with the transfer agent should be terminated for any reason prior to the Maturity Date (as defined in the Debenture Agreement), the Company shall immediately appoint a new transfer agent and shall require that the new transfer agent execute and agree to be bound by the terms of the Irrevocable Transfer Agent Instructions (as defined herein).
The Holder reserves the rights to take Payment of Penalties in cash or in Common Stock priced at the Conversion Price (as defined in the Debenture Agreement).
Defendant Ford signed the 2018 Debenture Agreement and the Amended Debenture Agreement on behalf of iAnthus.
The Company shall pay twelve percent (12%) annual coupon on the unpaid principal amount of this Debenture (the "Debenture") at such times and in such amounts as outlined in the Debenture Agreement.
The Holder reserves the rights to take Payment of Penalties in cash or in Common Stock priced at the Fixed Conversion Price (as defined in the Debenture Agreement).
The Company must submit to the Holder a duly authorized term sheet of the financing and the Holder may elect, in writing within five (5) days, to exercise its right to finance the Company upon the same terms and conditions, as set forth in the Debenture Agreement.
If so requested by the Holder, the Company shall instruct counsel to write a 144 opinion letter provided the necessary paperwork has been submitted and the Exemption applies (as defined in the Debenture Agreement).