Debenture Conversion definition

Debenture Conversion has the meaning ascribed thereto in the opening paragraphs of this Agreement;

Debenture Conversion has the meaning set forth in Section 5.2(d).

Debenture Conversion means the conversion of the principal amount of Debentures held by Insiders, at a conversion price of $0.50 per Purchaser Common Share, and the conversion of interest on such Debentures from the issue date thereof to the maturity date thereof at a conversion price equal to the average trading price of the Purchaser Common Shares (calculated by dividing the total value of the Purchaser Common Shares by the total volume of Purchaser Common Shares traded on the TSXV on the trading day prior to the date of this Agreement), into Purchaser Common Shares on the terms set out in the Debenture Support Agreement;

Examples of Debenture Conversion in a sentence

• The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion immediately upon submission of the applicable Debenture Conversion Notice, and payment of the purchase price, to the Company for such Common Stock.

• The number of Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

• The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion and Warrant exercise immediately upon submission of the applicable Debenture Conversion Notice and Warrant Notice of Exercise, and payment of the purchase price, to the Company for such Common Stock.

• The Debenture Conversion will be implemented upon the approval of the Debentureholders, by way of extraordinary resolution, pursuant to and in accordance with the terms of the indenture governing the Debentures.

• On August 18, 2016 the Debenture Conversion was approved by the Debentureholders.

• By the 1950's, after 30 years of being subcultured, it was found that the strain had a greatly reduced ability to produce the surface antigens that are characteristic ofwild-type strains.

• An overview of the Funding Facilities, the Debenture Conversion and the related approval of Category 1 Conversions is set out further below.

• The seminar concluded with agreements identifying areas for cooperation between the Institute and ECLAC.

• The Optionee may exercise the option hereby, in whole or in part, from and after the date hereof, subject to the Company's right, in accordance with Section 1.2 of the Debenture Conversion Agreement, to suspend exercise for a period not to exceed 90 days.

• Pursuant to the provisions of Section 1.3 of the Debenture Conversion Agreement dated March , 1997 (the "Debenture Conversion Agreement"), the Company hereby grants to the Optionee on the date hereof the right and option to purchase an aggregate of Five Hundred Thousand (500,000) of its shares of Common Stock, $.001 par value (the "Second Option Shares"), at an option price equal to $6.50 per Second Option Share.

More Definitions of Debenture Conversion

Debenture Conversion means the settlement of the Debenture Debt through the issuance of up to 13,170,731 Common Shares at a deemed issue price of $0.205 per Common Share.

Debenture Conversion has the meaning set forth in the preamble hereto;