Examples of Purchased Debenture in a sentence
Such notice (the “Purchase Notice”) will specify the amount of Retained Debentures to be purchased, the Adjusted Principal Amount of such Retained Debentures, the Purchased Debenture Indemnity Amount in respect of each Retained Debenture to be purchased, the proposed date on which Liberty LLC is required to complete such purchase and make payment in respect of such Purchased Debentures (the “Payment Date”), and any other material terms related thereto.
Not later than 4:00 p.m., New York City time, on the Business Day immediately preceding the proposed Payment Date of any purchase of Retained Debentures pursuant to a Purchase Offer, the Company will pay to Liberty LLC, in cash by wire transfer of immediately available funds to an account designated by Liberty LLC, the Purchased Debenture Indemnity Amount in respect of each Purchased Debenture.
The Underlying Shares have been duly authorized and, when issued upon conversion of the Purchased Debenture, in accordance with the provisions of the Purchased Debenture Certificate, or exercise of the Purchased Warrant, in accordance with the provisions of the Purchased Warrant Certificate, will be validly issued, fully paid and non-assessable and free and clear of any Encumbrances.
According to census data, the effectiveness of PLT in the state of Minas Gerais, in terms of its purpose of providing rural electrification in needy households, can be perceived in a short space of 7 years.
After due inquiry, the Company represents and warrants that at all times, the Company has complied in all material respects with all applicable securities and other applicable laws in relation with the issuance, holding and transfers of the Original Debenture and each Purchased Debenture.
Each Purchaser shall deliver to the Escrow Agent via wire transfer for immediately available funds equal to their Subscription Amount and the Company shall deliver to the Escrow Agent each Purchased Debenture as determined pursuant to Section 2.2(a) and the other items set forth in Section 2.2 issuable at the Closing.
The Original Debenture and each Purchased Debenture was (or, upon issuance, will have been) authorized by all necessary company action and validly issued and executed, and the Company’s signatory had (or will have) full corporate or other requisite authority to execute such agreements and to bind the Company.
The Exchange Notes shall not constitute a novation or satisfaction and accord of the applicable Purchased Debenture.
All Retained Debentures purchased by Liberty LLC (“ Purchased6Debentures”) will be cancelled and will cease to be outstanding, and the obligations of the Company with respect to the Retained Debenture Indemnity in respect of such Purchased Debentures will terminate.2.2 Purchased Debenture Indemnity.
Each Exchange Notes is being issued in substitution of and exchange for and not in satisfaction of the applicable Purchased Debenture.