Debenture Obligations definition

Debenture Obligations means the indebtedness, liabilities and obligations of the Borrower under the Convertible Debentures and Debenture Indentures.

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Debenture Obligations means at any time, the sum (without duplication) of (a) the Existing Debenture Obligations, and (b) the New Debenture Obligations (it being understood that Persons who are Existing Investors may also be New Investors and hold both Existing Debenture Obligations and New Debenture Obligations and Persons who are New Investors may also be Existing Investors and hold both Existing Debenture Obligations and New Debenture Obligations, and, in any such case, there shall not be deemed to be any duplication).

Debenture Obligations means all loans, advances, debts, liabilities and monetary obligations owing to any Debenture Holder or any of them or any of their respective successors and assigns, of any kind or nature, present or future, arising under the Debenture Documents, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired. The term includes, without limitation, all interest (whether or not such interest would be an allowed claim in a bankruptcy or similar proceeding against GWG Life, GWG Holdings or any of their Affiliates), charges, expenses, fees, reasonable attorneys’ fees and disbursements and paralegals’ fees, and any other sums chargeable to GWG Life, GWG Holdings or any of their Affiliates under any of the Debenture Documents.

Examples of Debenture Obligations in a sentence

Each Guarantor agrees that after the occurrence of any default in the payment or performance of the Debenture Obligations, such Guarantor will not demand, sue for or otherwise attempt to collect any such indebtedness of the Company or any other Guarantor to such Guarantor until the Debenture Obligations shall have been irrevocably paid or performed in cash in full.
The payment of any amounts due with respect to any indebtedness of the Company now or hereafter held by any Guarantor is hereby subordinated to the prior irrevocable payment in full in cash of the Debenture Obligations.
This Agreement is given by each Guarantor and each Grantor in favor of the Collateral Agent for the ratable benefit of the Secured Parties (as hereinafter defined) to guarantee the payment and performance of all Debenture Obligations and to secure the payment and performance of all of the Secured Obligations.
The liability of each Guarantor hereunder shall be limited to the amount of the Debenture Obligations due to the Collateral Agent and the other Secured Parties.
Payment by any Guarantor of a portion, but not all, of the Debenture Obligations shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Debenture Obligations which has not been paid.

More Definitions of Debenture Obligations

Debenture Obligations means the due and punctual payment by the Grantor of the principal and interest on the Debentures, when and as due.

Debenture Obligations means the obligations of the Company to pay the principal of, premium (if any) on and interest on the Debentures issued under, and all other amounts from time to time payable by the Company under, the Indenture.

Debenture Obligations means all obligations, liabilities and indebtedness of the Company under the Debenture Documents, in each case howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, including, without limitation, the principal amount of such indebtedness, together with all unpaid interest and fees, and including without limitation the Limited Guaranty Recovery.

Debenture Obligations means all indebtedness, liabilities, and obligations arising under or pursuant to the Debentures. Debentures has the meaning given such term in the Securities Purchase Agreement.

Debenture Obligations means all advances to, and debts, liabilities, obligations, covenants and duties (monetary (including post-petition interest, allowed or not) or otherwise) of any Issuer Party under this Agreement and any other Transaction Document including any reimbursement obligations of each Issuer Party in respect which are owed to any Buyer, all in each case howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due and including interest and fees that accrue after the commencement by or against any Issuer Party thereof of any proceeding under any debtor relief laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the foregoing, the Debenture Obligations include (a) the obligation to pay principal, interest, charges, expenses, fees, indemnities and other amounts payable by Company or any other Issuer Party under any Transaction Document and (b) the obligation of Company to reimburse any amount in respect of any of the foregoing that the Collateral Agent or any Buyer, in each case in its sole discretion, may elect to pay or advance on behalf of the Company.

Debenture Obligations means all debts, liabilities and obligations of the Debtor under or in connection with any Debenture;

Debenture Obligations has the meaning set forth in Section 2 hereof.