November Debentures definition

November Debentures means the debentures issued pursuant to the November Purchase Agreement.
Sample 1Sample 2
November Debentures means the 8% Secured Original Issue Discount Convertible Debentures of the Company issued pursuant to the November Purchase Agreement.
Sample 1
November Debentures means the 5% Senior Secured Convertible Debentures of the Company issued pursuant to the November Purchase Agreement.
Sample 1

Examples of November Debentures in a sentence

  • The October Debentures and the November Debentures are sometimes hereinafter referred to as the "DEBENTURES".

  • In consideration of the terms hereof, no interest shall accrue on the November Debentures after the date hereof until January 1, 2009, at which time interest shall commence to accrue on the November Debentures in accordance with their terms.

  • The obligations of the Company under this Debenture are secured by all assets of the Company and each Subsidiary pursuant to the Security Agreement, dated as of November 30, 2007 between the Company, the Subsidiaries of the Company and the Secured Parties (as defined therein); pari passu with the holders of the November Debentures and the February Debentures as to rights to the Collateral and as to rights to payment.

  • With the acquisition of the November Debentures, Mork Capital has the right to own, including the conversion of the first tranche of the November Debentures, 20,452,206 common shares, representing approximately 24.2% of the issued and outstanding common shares at December 31, 2023 (after giving effect to the conversion of the full amount of November Debentures as of December 31, 2023).

  • The November Debentures are secured by substantially all of the Company's assets that are not otherwise specifically pledged, have two-year maturity dates, and accrue interest at 10% per annum.

  • The Company and the Holders hereby agree to reduce (a) the Floor Price for the November Debentures to equal to $0.005 per share, subject to further adjustment as set forth in the November Debentures and (b) the Set Price for the November Debentures to equal $0.01 per share, subject to further adjustment as set forth in the November Debentures.

  • As of December 31, 2023, Mork Capital had the right to obtain 5,530,973 common shares upon the conversion of the November Debentures at the fixed conversion price of US$0.1808 subject to shareholder approval at the next annual general meeting of shareholders (“AGM”).

  • Each November Investor, severally and not jointly with the other November Investors, hereby defers any right or interest it may have in or to any payment in respect of the November Monthly Redemption that would otherwise have been due between June 1, 2008 and December 31, 2008, provided that beginning on and including January 1, 2009, Monthly Redemptions shall be payable in accordance with the terms of the November Debentures, as amended hereby.

  • In addition, subject to the terms and conditions hereunder, each Holder hereby waives the restrictions set forth in Section 7(a) of the Amended and Restated March Debentures and November Debentures respectively, with respect to the issuance of the Vendor Payment Plan or the taking of any actions in connection therewith satisfactory to the Collateral Agent for the Debentures.

  • The convertible debenture is payable on demand and is secured by a general security agreement, subordinate to the long term debt.On November 2, 2023, the Company received conditional approval from the TSX to offer a multi-tranche convertible debenture (the "November Debentures") The November Debentures bear interest at 10.0% per annum, paid quarterly in arrears, and are due and payable two years after issuance of the November Debentures.


More Definitions of November Debentures

November Debentures means the original issue discount secured convertible debentures issued by the Company in November, 2008 and not comprising the March Debentures.
Sample 1

Related to November Debentures

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

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

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

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Convertible Notes has the meaning set forth in the Recitals.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • UK Debenture has the meaning assigned to that term Section 5.1(b).

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.

  • 2022 Notes means the Borrower’s 5.00% Convertible Senior Notes due 2022.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.