Debenture Obligations definition

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

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.

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).

Examples of Debenture Obligations in a sentence

• In respect of Debentures owned in Electronic (dematerialised) FormFor payment to the Debenture Holders in full discharge of Debenture Obligations, including all principal moneys due upon their Debentures owned in Electronic (dematerialised) Form, in that event, the Company shall make the payment of principal amount to the Debenture Holders of Debentures or to any subsequent transferee who are entitled to receive the payment on the Due Date.

• Commencing on the Record Date, if any Eligible Holder shall transfer, sell or assign any of its Prepetition Extended Term Loan Obligations, Prepetition 2013 Term Loan Obligations, Prepetition Note Obligations and/or Prepetition Debenture Obligations, such transfer, sale or assignment shall result in such person no longer constituting an Eligible Holder hereunder.

• The Company covenants with the Debenture Trustee that it shall pay to the Debenture Holder(s) all Debenture Obligations payable in respect of the Debentures on their respective Due Dates, including the Redemption Amount, interest (if any) or coupon (if any) payable thereon, Redemption Premium (if any), the principal amount of the Debentures, default rate and all other charges on the Debentures on the date(s) and on such terms mentioned in this Deed, the Shelf DD and the relevant Supplemental DD.

• Continuing Security The Security created by or pursuant to the terms of the relevant Transaction Documents is a continuing security and shall remain in full force and effect until all the Debenture Obligations are or may become outstanding.

• In respect of Debentures held in physical form: Upon payment to the Debenture holders in full discharge of the Debenture Obligations, including all principal moneys and interest due upon their Debentures, the Debentures shall be surrendered and delivered unto the Company with receipts in full discharge endorsed thereon and signed by the respective Debenture holders.

More Definitions of Debenture Obligations

Debenture Obligations means the Obligations of the Buyers under the Debenture.

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 Obligations relating to the Debentures, including, without limitation, all principal, premium, if any, interest (including, without limitation, any additional amounts payable with respect to the Debentures as a result of the failure to comply with the terms of the Registration Rights Agreement).

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

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.