Debentures definition

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

Debentures means the debt securities of the Guarantor designated the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the series of Debentures to be issued by the Debenture Issuer under the Indenture to be held by the Institutional Trustee, a specimen certificate for such series of Debentures being Exhibit B.

Examples of Debentures in a sentence

• Upon issuance or conversion in accordance with the Convertible Debentures, the Conversion Shares, when issued, will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights or Liens with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Shares.

• A fiduciary agent to be appointed by the Company (the “XXX Debentures Fiduciary Agent”), as fiduciary agent acting on behalf of the holders of the XXX Debentures.

• A fiduciary agent to be appointed by the Company (the “NPSD Debentures Fiduciary Agent”), as fiduciary agent acting on behalf of the holders of the NPSD Debentures.

• As to all other Collateral (as defined in the Debentures), the Lender Security Interest shall be a first priority lien.

• From the date hereof until all of the Convertible Debentures have been repaid or converted into Common Shares, the Company agrees to not directly or indirectly enter into any contract, agreement or other item that would restrict or prohibit any of the Company’s obligations to the Buyer(s) under the Transaction Documents, including, without limitation, any payments required by the Company to the Buyer(s) upon a Trigger Event (as defined in the Convertible Debentures).

More Definitions of Debentures

Debentures means the series of junior subordinated debt securities of the Guarantor designated the % Junior Subordinated Deferrable Interest Debentures due , 20 held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 to be issued by the Debenture Issuer under the Indenture.

Debentures means the $- aggregate principal amount of the Depositor's -% Junior Subordinated Deferrable Interest Debentures, Series -, issued pursuant to the Indenture.

Debentures shall have the meaning set forth in the Recitals hereto.

Debentures means the Floating Rate Junior Subordinated Debt Securities due 2034 to be issued by the Debenture Issuer under the Indenture.

Debentures means the junior subordinated debentures of LNB Bancorp, Inc., designated the Junior Subordinated Debt Securities due 2037, held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the series of Debentures to be issued by the Debenture Issuer and acquired by the Trust.