Debenture Units definition

Debenture Units means the convertible debenture units of the Corporation consisting of one 10% unsecured convertible debenture of the Corporation in the principal amount of $1,000 with interest payable semi-annually in arrears on June 30 and December 31 of each year and maturing three years from the date the convertible debentures are issued, and 2,000 Warrants expiring 36 months after the Issue Date;
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Debenture Units means debenture units (comprised of Debentures or 2021 Debentures and detachable Warrants) issued on a private placement basis;
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Debenture Units means units of the REIT to be issued by the REIT, as contemplated by the Prospectus and the Indenture, on the conversion, redemption or repayment of the Debentures or for delivery to the Debenture Trustee in respect of the payment of interest on the Debentures, and having the attributes corresponding in all material respects to the descriptions thereof in this Agreement and in the Preliminary Prospectus, the Prospectus and any Amendment;
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Examples of Debenture Units in a sentence

  • The Corporation agrees that all terms and conditions set out in this Agreement will be construed as conditions and any breach or failure by the Corporation to comply with any such conditions in favour of the Agents will entitle the Agents (or any of them) to terminate their obligation to offer to sell the Debenture Units, and, if applicable, the Additional Securities, by written notice to that effect given to the Corporation prior to the Closing Time.

  • A maximum of 20,000,000 Warrants (subject to adjustment as herein provided), of which up to a maximum of 15,000,000 Warrants shall be issuable to purchasers of Debenture Units pursuant to the Offering and of which up to a maximum of 5,000,000 shall be issuable to purchasers of Debenture Units pursuant to the Over-Allotment Option, are hereby created and authorized to be issued from time to time in accordance with the terms and conditions hereof.

  • The Corporation shall promptly take, or cause to be taken, all commercially reasonable steps and proceedings that may from time to time be required under applicable Canadian Securities Laws to qualify the distribution of the Convertible Debenture Units in the Qualifying Jurisdictions and shall use its commercially reasonable efforts to ensure that such requirements (including the issuance of a Final Receipt for the Final Qualification Prospectus) shall be obtained promptly following the Closing Date.

  • At the Closing Time, the Agent (together with its U.S. Affiliate) will provide a certificate, substantially in the form of Exhibit 1 to this Schedule “A”, relating to the manner of the offer and sale of the Debenture Units to, or for the account or benefit of, persons in the United States or U.S. Persons.

  • Subject to the terms and conditions hereinafter provided, the Agents agree to act as the Corporation’s exclusive agents for such purpose and to use its commercially reasonable efforts to effect the sale of the Debenture Units on the Corporation’s behalf to Purchasers in the Offering Jurisdictions, at a price of $1,000 per Debenture Unit.

  • It is understood that the Agents shall act as agents only and shall not at any time be obligated to purchase or to arrange for the purchase of any Debenture Units.

  • Once the Preliminary Qualification Prospectus has been filed, comply with section 57 of the Securities Act (Ontario) and with any comparable provisions of the other Canadian Securities Laws, and the Corporation will prepare and file promptly any Supplementary Material which may be necessary and will otherwise comply with all legal requirements necessary to continue to permit the Convertible Debenture Units to be distributed in each of the Qualifying Jurisdictions as contemplated herein.

  • The representations and warranties of the Corporation and the Agents contained in this Agreement or in any document delivered pursuant to or in connection with this Agreement shall survive the issue and sale of the Debenture Units and will continue in full force and effect for a period of two years following the last Closing Date.

  • Failure to deliver such a certificate shall constitute a representation by the Agent that neither it, nor and its U.S. Affiliate, nor anyone acting on their behalf has offered or sold Debenture Units to, or for the account or benefit of, persons in the United States or U.S. Persons.


More Definitions of Debenture Units

Debenture Units means units of the Corporation, each consisting of one 12% senior secured convertible debenture of the Corporation in the principal amount of $1,000 and 2,000 Warrants;
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Debenture Units has the meaning given to that term in the first paragraph of this Agreement and, for the avoidance of doubt, includes the Debenture Units issuable upon the exercise of the Broker Warrants in accordance with the terms of the Broker Warrant Certificate;
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Debenture Units means the debenture units issued under the Offering, each Debenture Unit consisting of
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Debenture Units has the meaning ascribed thereto on the face page hereof;
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Debenture Units means the 13,139 units issued by Ikänik in the Debenture Financing.
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Related to Debenture Units

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • 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.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Subordinated Securities means Securities that by the terms established pursuant to Section 2.02(i) are subordinated in right of payment to Senior Debt of the Company.

  • Final Subordinated Units has the meaning assigned to such term in Section 6.1(d)(x).

  • 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.

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Series A Debentures means the Series A 9-7/8% Junior Subordinated Deferrable Interest Debentures due February 15, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

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

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 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.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.