Initial Debentures definition

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

Initial Debentures has the meaning set forth in Section 7.1(b) of the Limited Partnership Agreement.

Initial Debentures means collectively, the Initial Company Debenture and the Initial Affiliate Debentures.

Examples of Initial Debentures in a sentence

• Thereupon a new Initial Debenture or Initial Debentures in the same aggregate principal amount shall be issued to the transferee in exchange hereof.

• The Company may force the conversion of the principal amount of the then outstanding Initial Debentures at the Conversion Price on not more than 60 days’ and not less than 30 days’ notice should the daily volume weighted average trading price of the Common Shares on the CSE be greater than $3.51 for the consecutive 20 trading days of the Common Shares on the CSE preceding such notice.

• The Initial Debentures authorized for issue immediately are limited to an aggregate principal amount of up to $57,500,000 in lawful money of Canada.

• The indebtedness evidenced by this Initial Debenture, and by all other Initial Debentures now or hereafter certified and delivered under the Indenture, is a direct unsecured obligation of the Company, and is subordinated in right of payment, to the extent and in the manner provided in the Indenture, to the prior payment in full of all Secured Indebtedness, whether outstanding at the date of the Indenture or thereafter created, incurred, assumed or guaranteed.

• Reference is hereby expressly made to the Indenture for a description of the terms and conditions upon which the Initial Debentures are or are to be issued and held and the rights and remedies of the holders of the Initial Debentures and of the Company and of the Trustee, all to the same effect as if the provisions of the Indenture were herein set forth to all of which provisions the holder of this Initial Debenture by acceptance hereof assents.

More Definitions of Initial Debentures

Initial Debentures means the Debentures designated as “6.25% Convertible Unsecured Subordinated Debentures” and described in Section 2.4;

Initial Debentures means the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2027 to be issued by the Debenture Issuer under the Indenture on the Closing Date to be held by the Institutional Trustee or, upon a dissolution of the Trust, the Depositary or the Holder, as the case may be, a specimen certificate for such series of Debentures being Exhibit D.

Initial Debentures means the Debentures designated as “10% Convertible Senior Unsecured Debentures” and described in Section 2.4;

Initial Debentures has the meaning ascribed thereto on the first page of this Warrant Indenture;

Initial Debentures means the Debentures designated as "10% Convertible Secured Debentures" and described in Section 2.4;

Initial Debentures means up to US$10,000,000 of 5.5% senior secured convertible debentures issued by the Grantor to the Debentureholders in one or more closings, and such term has the meaning ascribed thereto in the Indenture.

Initial Debentures has the meaning given to it on the first page of this Agreement;