Existing Convertible Debentures definition

Existing Convertible Debentures means, collectively, each of Borrower’s 1.875% Convertible Subordinated Debentures due 2024, as amended, restated, renewed, extended, supplemented, increased, replaced, refinanced or otherwise modified from time to time to the extent permitted under Section 9.05(b).

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Existing Convertible Debentures means the Company’s 7.0% Convertible Senior Debentures due 2016, to the extent outstanding on the Closing Date.

Existing Convertible Debentures means, collectively, each of Parent’s 1.875% Convertible Subordinated Debentures due 2024, as amended, restated, renewed, extended, supplemented, increased, replaced, refinanced or otherwise modified from time to time to the extent permitted under Section 9.05(b).

Examples of Existing Convertible Debentures in a sentence

• The Loans and other Secured Indebtedness hereunder are “Bank Indebtedness,” “Senior Indebtedness” and “Designated Senior Indebtedness” under both the Existing Subordinate Notes and the Existing Convertible Debentures, and this Agreement is a “Senior Secured Credit Agreement” under the Existing Subordinate Notes and one of the “Combined Credit Agreements” under the Existing Convertible Debentures.

• The Guarantees by the U.S. Guarantors of the Loans and other Secured Indebtedness hereunder are “Bank Indebtedness,” “Senior Indebtedness” and “Designated Senior Indebtedness” under both the Existing Subordinate Notes and the Existing Convertible Debentures, and this Agreement is a “Senior Secured Credit Agreement” under the Existing Subordinate Notes and one of the “Combined Credit Agreements” under the Existing Convertible Debentures.

• The Existing Convertible Debentures were initially issued by the Company to the Debt Holder on April 17, 2000 in a private placement exempt from registration pursuant to Section 4(2) under the Securities Act.

• Within 90 days following the Effective Date, the Borrower shall repurchase or redeem all its issued and outstanding Existing Convertible Debentures.

• Whitebox and Linden Capital L.P., as holders of a majority of the aggregate principal amount of the Existing Convertible Debentures, shall deliver to the Borrower, and agree not to revoke, executed Letters of Consent, substantially in the form attached hereto as Exhibit D, with respect to a majority of the aggregate principal amount of the Existing Convertible Debentures.

More Definitions of Existing Convertible Debentures

Existing Convertible Debentures means Borrower’s 3.25% Convertible Senior Subordinated Debentures due 2025.

Existing Convertible Debentures means (1) the Convertible Subordinated Notes due September 1, 2006, issued by Holdings, (2) the intercompany note related thereto, and (3) any convertible securities issued by Holdings on the Issue Date and the proceeds thereof.

Existing Convertible Debentures means, collectively, the convertible debentures issued pursuant to the Existing Convertible Debenture SPA and listed on Schedule 1.1(b) hereto.

Existing Convertible Debentures has the meaning assigned to such term in the preamble of this Agreement.

Existing Convertible Debentures has the meaning ascribed thereto in section 4.1(t);

Existing Convertible Debentures means the 6.5% convertible unsecured subordinated debentures issued by Baytex Trust pursuant to the Indenture dated June 6, 2005 among Baytex Trust, the Borrower and Valiant Trust Company, as amended, which are issued and outstanding on the date hereof (and which constitute “Initial Debentures” as such term is defined in such Indenture); provided the terms and conditions of such debentures are not amended, modified or supplemented after the date hereof.

Existing Convertible Debentures means the 1.875% Convertible Subordinated Debentures due 2024 of the Borrower and the Indebtedness represented thereby.