Exchange Debentures definition

Exchange Debentures has the meaning set forth in Section 2(a) hereof.

Exchange Debentures means the debentures issuable pursuant to the Exchange Indenture.

Exchange Debentures means 13% Subordinated Exchange Debentures due 2010 of the Corporation, to be issued pursuant to an indenture between the Corporation and a trustee, containing customary terms and conditions, in accordance with the Term Sheet attached as Exhibit A hereto.

Examples of Exchange Debentures in a sentence

• Cash will be paid in lieu of any such fraction of an Exchange Debenture which would otherwise have been issued (which shall be determined with respect to the aggregate principal amount of Exchange Debentures to be issued to a holder upon any such exchange).

• In no event shall the Corporation issue Exchange Debentures in denominations other than $1,000 or in an integral multiple thereof.

• The principal amount of Exchange Debentures deliverable upon exchange of a share of Senior Preferred Stock, adjusted as hereinafter provided, shall be determined in accordance with the Exchange Ratio (as defined below).

• Interest will accrue on the Exchange Debentures from the date of exchange.

• Cash dividends on any shares of Senior Preferred Stock exchanged for Exchange Debentures which have accrued but have not been paid as of the date of exchange shall be paid in cash.

More Definitions of Exchange Debentures

Exchange Debentures means the Debentures issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

Exchange Debentures means a new series of junior subordinated debentures issued by the Depositor in a mandatory exchange offer for the Private Debentures, such exchange offer being registered under the Securities Act, all pursuant to the Debenture Exchange and Registration Rights Agreement.

Exchange Debentures means 15% Subordinated Exchange Debentures due 2010 of the Corporation, to be issued pursuant to an indenture between the Corporation and a trustee, containing customary terms and conditions, in accordance with the Term Sheet attached as Annex A hereto.

Exchange Debentures has the meaning assigned thereto in Section 2(a).

Exchange Debentures means the Subordinated Exchange Debentures of the Company due 2010 and any Exchange Debentures issued as payment in kind interest thereon.

Exchange Debentures means the Company s Senior Subordinated Debentures due 2008 issued pursuant to the Exchange Indenture.

Exchange Debentures means the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2027 to be issued by the Debenture Issuer under the Indenture in exchange for the Initial Debentures pursuant to the Registration Rights Agreement.