Existing Debentures definition

Existing Debentures has the same meaning as given to that term in the Indenture.

Existing Debentures means, collectively, the March 1998 Debentures and the May 1999 Debentures, as such debentures may be supplemented, amended or otherwise modified from time to time, including, without limitation, by the Existing Debenture Amendments.

Existing Debentures means (i) the Amended and Restated 12% Convertible Debenture in the aggregate principal amount of U.S. $7,322,251.30, and (ii) the Amended and Restated 12% Convertible Debenture in the aggregate principal amount of U.S. $5,055,890.41, both (i) and (ii) issued by the Issuers to Insight on August 29, 2001(amending, respectively (a) the 12% Convertible Debenture in the aggregate principal amount of U.S. $7,241,307.37, and (b) the 12% Convertible Debenture in the aggregate principal amount of U.S. $5,000,000, both (a) and (b) issued by the Issuers to the Existing Investors on July 26, 2001).

Examples of Existing Debentures in a sentence

• Existing Debentures with a maturity value of $392,000 will be paid in accordance with the original terms.

• The subordination provisions contained in the Existing Debentures, the Existing Indentures, any guaranty of the Borrower made by the Borrower in connection with any of the Existing Structured Securities are, in each case, enforceable against the Borrower and the holders of such Indebtedness.

• The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of the Securities, by his acceptance thereof likewise covenants and agrees that all Securities issued hereunder shall be subordinated and subject, to the extent and in the manner herein set forth, in right of payment to the prior payment in full of all Senior Debt and will not be superior in payment to the Existing Debentures.

• Company hereby acknowledges and agrees that the security interests granted to the holders of the Existing Debentures and Debentures pursuant to the Existing Security Agreement applies to and covers the obligations of the Company to the Purchasers evidenced by the Additional Debentures and (b) the Additional Debentures rank pari passu to the Existing Debentures and the Debentures.

• All Loans under the Existing Debentures are classified as Term Fixed Rate Lending and are covered by the provisions of Annexure 2 Term Fixed Rate Lending.

More Definitions of Existing Debentures

Existing Debentures means the Company's 5 3/4% Convertible Subordinated Debentures Due 2002.

Existing Debentures means Holdings’ 7.875% Debentures due 2023, 8.375% Sinking Fund Debentures due 2016 and 9.2% Debentures due 2021 and the Parish of Ascension, State of Louisiana Pollution Control Revenue Refunding Bonds (Borden, Inc. Project Series 1992) (and the related guarantees of such Refunding Bonds).

Existing Debentures means, collectively, the 7.25% Debentures Due 2014, the 7.25% Debentures Due 2013, the 6.40% Debentures Due 2012, the 6.5% Debentures Due 2010, the 8% Debentures Due 2009 and the 9% Debentures Due 2009;

Existing Debentures means Holdings’ 7.875% Debentures due 2023, 8.375% Sinking Fund Debentures due 2016 and 9.2% Debentures due 2021.

Existing Debentures means the Company’s Senior Secured Original Issue Discount Convertible Debentures issued pursuant to the Existing Debenture Purchase Agreement and the Exchange Agreements.

Existing Debentures means Holdings’ 7.875% Debentures due 2023, 8.375% Sinking Fund Debentures due 2016 and 9.2% Debentures due 2021 and the Parish of Ascension, State of Louisiana Pollution Control Revenue Refunding Bonds (Xxxxxx, Inc. Project Series 1992) (and the related guarantees of such Refunding Bonds).

Existing Debentures means the Company's 7 1/4% Convertible Subordinated Debentures due October 31, 2005.