Debenture Financing definition

Debenture Financing means the concurrent brokered and non-brokered private placements of approximately 86,000 GGB Debentures at a price of C$1,000 per GGB Debenture, for gross proceeds of approximately C$86 million;
Debenture Financing means the private placement offering of Cannus Convertible Debentures and Cannus Warrants prior to the Business Combination.
Debenture Financing means the financing contemplated by Auxico by the issuance of unsecured convertible debenture being convertible into 5,000,000 Auxico Shares for gross proceeds of US$2,000,000.

Examples of Debenture Financing in a sentence

  • The net proceeds from the Debenture Financing were budgeted for the Optimization Plan at the Platosa Mine and for general corporate purposes.

  • In addition, no monitoring was observed in the case of prior action #3.

  • The Convertible Debentures are convertible at the holders’ option into Common Shares at a conversion price of US$2.58 per Common Share (reflecting a 20% premium over the 5-day VWAP for the Common Shares on the New York Stock Exchange (“NYSE”) calculated on July 14, 2023, the last trading day prior to announcement of the 2023 Debenture Financing).

  • During fiscal 2022 and the first half of fiscal 2023, Lion explored and evaluated different financing alternatives to strengthen its financial position and allow it to continue to pursue its growth strategy, which ultimately resulted in the Company establishing its ATM Program in June 2022 and raising funds under the December 2022 Offering and the 2023 Debenture Financing.

  • On April 22, 2013 the Company closed the first tranche of the Convertible Debenture Financing with two arm’s length parties for a total amount of Cdn $150,000.

  • The amount of $491,665 has been recorded under Convertible Debentures (Liabilities) and the amount of $33,335 has been recorded under Convertible Debentures (Equity).On June 10, 2013 the Company closed the third tranche of the Convertible Debenture Financing with an arm’s length party for the amount of Cdn $100,000.

  • On the 18-month anniversary of the closing of the Debenture Financing (May 27, 2016 or the “Put Date”), Debenture holders will have the option to request repayment in cash of the outstanding principal amount of the Debentures plus accrued interest by providing the Company with two months prior written notice and a one month period for repayment following the Put Date.

  • All subscribers to the Debenture Financing entered into an agency and inter-lender agreement with the Company and a designated subscriber to the Debenture Financing (the “Agent”), pursuant to which the subscribers appointed the Agent to act on their behalf as to certain matters relating to the Debentures, including with respect to enforcement of the security interest.

  • On November 8, 2016, WeedMD closed a $7,600,000 convertible debenture unit financing (the "Convertible Debenture Financing") with a syndicate of agents (the "Agents").

  • In connection with the 2023 Debenture Financing, the Company issued Warrants to holders of Non-Convertible Debentures (refer to Note 7.7) entitling them to purchase, at any time after six (6) months following the issuance thereof until July 19, 2028, 22,500,000 Common Shares in the aggregate at an exercise price of C$2.81 per Common Share (representing the 5-day VWAP of the Common Shares on the Toronto Stock Exchange ("TSX") as of July 14, 2023).


More Definitions of Debenture Financing

Debenture Financing means, together, the 10% secured convertible debenture financing completed by DigiCrypts (i) on September 28, 2018 for total proceeds of $484,500, and (ii) on February 8, 2019 for total proceeds of $550,000;
Debenture Financing means the non-brokered private placement offering of up to $1.5 million aggregate principal amount of subordinated unsecured convertible debentures of TCNC which are accompanied by a Warrant, mature 24-months from closing of such offering, and bear interest at a rate of 10% per annum payable at maturity or upon conversion into Class A Shares of TCNC which is expected to close on or about December 15, 2019;
Debenture Financing has the meaning specified in Section 12.1(a).
Debenture Financing means the non-brokered private placement offering of up to $1.5 million aggregate principal amount of subordinated unsecured convertible debentures of the Purchaser which are accompanied by a Warrant, mature 24- months from closing of such offering, and bear interest at a rate of 10% per annum payable at maturity or upon conversion into Class A Shares of the Purchaser which is expected to close on or about October 15, 2019;
Debenture Financing means the Ikänik financing by way of private placement offering of Ikänik Convertible Debentures and Ikänik Warrants prior to the Business Combination.

Related to Debenture Financing

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Bridge Loan Agreement shall have the meaning set forth in the recitals.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Initial Debentures means the Debentures designated as “8.0% Unsecured Convertible Debentures” and described in Section 2.5;

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Bridge Note means any promissory note issued by Borrower pursuant to the terms of the Bridge Note Agreement.

  • Convertible Notes means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the Convertible Notes Indenture.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • Subordinated Note Documents means the Subordinated Notes, the Subordinated Note Purchase Agreement, the “Fee Letter” under and as defined in the Subordinated Note Purchase Agreement and any other Note Document (as defined in the Subordinated Note Purchase Agreement).

  • Convertible Note Indenture means the Indenture dated as of February 21, 2014 between Emergent and the Convertible Note Trustee pursuant to which the Convertible Notes were issued.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Series A Debentures means the Series A 8.98% Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Co-financing Agreement means the agreement to be entered into between the Recipient and the Co-financier providing for the Co-financing.

  • Convertible Note Documents means the Convertible Notes Indenture, the Convertible Notes and all documents entered into in connection therewith.

  • Subordinated Note Indenture means the indenture or indentures, pursuant to which the Subordinated Notes are issued, as such indenture or indentures may be amended from time to time to the extent permitted under subsection 7.12B.

  • Convertible Debentures means any convertible subordinated debentures or notes created, issued or assumed by the Borrower which have all of the following characteristics:

  • Debenture Indenture means the Indenture, dated as of December 1, 1989, between United Parcel Service of America, Inc. and Chemical Bank pursuant to which the 8-3/8% Debentures Due April 1, 2020 were issued, as in effect on the date of this Agreement (without giving effect to any amendment, supplement or other modification thereto, any repayment or covenant defeasance thereunder or any termination thereof), a copy of which is attached as Exhibit F hereto.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.