Examples of Master Debenture in a sentence
Each Subscriber agrees that it is bound by, and subject to, all the provisions of the Debenture Trust Deed and each Master Debenture which relate to or affect the rights or obligations of that Subscriber in its capacity as a Debenture Holder.
In addition to any remedies listed in the Master Debenture or available at law or in equity, upon the occurrence and during the continuance of any Event of Default (and giving effect to any applicable cure periods) and at any time thereafter during the continuance of such Event of Default, Lender may declare all amounts payable under the Master Debenture to be and become immediately due and payable, whereupon such amounts shall be immediately due and payable in full.
If the Participant separates from service due to Retirement, dies or incurs a Disability before the Vesting Date as set forth in (a) below, the unvested Units will become fully vested and non-forfeitable, and shares will be issued on the date on which the Participant’s Retirement, death or Disability occurs or as soon as administratively practicable (but in any event no later than 90 days) thereafter, subject in the case of the Participant’s Retirement to Section 5 below.
No more than two (2) requests shall be made pursuant to this Section 2.1. In no event shall the Company be required to effect more than one demand registration in each six (6) month period.
References in the Transaction Documents to the issue of Debentures are references to the issue of the Master Debenture to which those Debentures relate and to the recording in the Register of the details of those Debentures and the Debenture Holders of those Debentures.
Neither this Agreement nor the Master Debenture nor any of the rights, interests, or obligations of the Company hereunder or thereunder may be assigned, in whole or in part, by the Company, including by operaiton of law, without the prior written consent of Lender.
Capitalized terms used but not defined in this Agreement shall have the meanings ascribed thereto in the Master Debenture (including any terms incorproated by reference therein).
Lender and the Company have agreed that, with any Additional Advance Amount or Ancillary Advance Expense shall be added to the principal amount of the Master Debenture.
Lender and the Company have further agreed that, in the event Lender is not the holder of the Master Debenture, this Agreement shall constitute a Promissory Note with terms and conditions identical to the Master Debenture, mutatis mutandis.
This latter component may comprise as much as 40 per cent of the total light of the cluster (Bernstein et al.