Debenture Amount definition

Debenture Amount means the Outstanding Principal Amount of, the accrued but unpaid interest on, and the accrued but unpaid Delay Payments on, the Debentures.

Debenture Amount equals the original principal amount of Convertible Debentures representing a Debenture Value of $72,450,000, provided that such amount may be reduced if, prior to the Closing Date, the Purchaser notifies Sylvan in writing of its intention to pay a greater portion of the consideration in cash in lieu of Parent's surrender of Convertible Debentures.

Debenture Amount means Twenty Seven Million Dollars ($27,000,000.00) plus or minus the net amount of the adjustments provided for in Clause 2.7 as set forth in the Closing Statement, minus the amount of the Cash Deposit and the Deposit Interest.

Examples of Debenture Amount in a sentence

• The "Deficiency" shall be equal to the Debenture Amount of Debentures that would not be able to be converted for Common Shares, due to an insufficient number of Common Shares available, if all the outstanding Debentures were submitted for conversion at the Conversion Price set forth in the Debentures as of the date such Deficiency is determined.

• Each such notice provided in (b) above of this Section 3.10 shall specify the aggregate principal amount of the Debenture Amount at Maturity to be paid in Common Stock and the amount to be paid in cash.

• In any case, failure to give such notice by mail to the Holder of any Debenture designated to be paid at Maturity in part in Common Stock shall not affect the validity of the proceedings for the payment of the Debenture Amount at Maturity of any other Debenture.

• At the Closing, Parent shall deliver to the Sellers or their designees original promissory notes representing the Convertible Debentures with an aggregate principal amount equal to the Debenture Amount, together with allonges assigning such notes to Sylvan.

• If any portion of the Debenture Amount at Maturity is to be paid in shares of Common Stock, then all Debentures shall be paid in both cash and Common Stock in the same proportion, provided, however, that the Trustee may make such variations as may be necessary to assure that only whole shares of Common Stock are issued.

More Definitions of Debenture Amount

Debenture Amount means, with respect to each Purchaser, the aggregate principal amount set forth below such Purchaser’s name on the signature page hereto next to the heading “Aggregate Principal Amount of Debentures to be Acquired”; provided, however, that in the event the Purchaser has elected a Reduced Subscription in accordance with Section 4.15(d)(i), the Debenture Amount shall be deemed to equal the Reduced Subscription Amount.

Debenture Amount means the Outstanding Principal Amount of, the accrued but unpaid interest on, and the accrued but unpaid Default Payments on, the Debentures.

Debenture Amount means in respect of :

Debenture Amount shall have the meaning set forth in Section 2(b)(i)(B).

Debenture Amount means an amount equal to 100% of the principal amount of such Debenture plus accrued and unpaid interest thereon.

Debenture Amount means an amount payable by the Company such as the principal amount of a Debenture, interest, additional interest payable in the Event of Default, remuneration of Debenture Trustee, costs (including legal costs on full indemnity basis), charges or expenses, all taxes, dues, duties, levies, cess including stamp duty, registration and other fees and charges payable with respect to or on Debentures including those payable for the negotiation, preparation, execution, registration, preservation, protection and enforcement of the Debenture Documents;

Debenture Amount has the meaning set out in Section 3.2.7;