Royalty Convertible Debenture definition

Royalty Convertible Debenture means the secured royalty convertible debenture in the principal amount of US$8,000,000 issued by the Obligors in favour of [Redacted – Affiliate of Sprott Private Resource Streaming & Royalty Corp.], as amended by First Omnibus Amendment and the Second Omnibus Amendment, and as the same may be further amended, amended and restated, supplemented or modified from time to time.
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Royalty Convertible Debenture means the royalty convertible debenture in the principal amount of US$8,000,000 dated January 7, 2022, as amended by the omnibus amendment agreement dated as of January 28, 2022 and the second omnibus amendment agreement dated as of June 17, 2022, the third omnibus amendment agreement dated as of December 5, 2022 in each case, by and among the Seller MPA Entities and Sprott Private Resource Streaming and Royalty (US Collector), LP, and as the same may be further amended, amended and restated, modified, supplemented or replaced from time to time
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Examples of Royalty Convertible Debenture in a sentence

  • As such, in summary all outstanding obligations from the Royalty Convertible Debenture, Series 1 Convertible Debenture, and the Series 2 Convertible Debenture are treated as corporate debt and not included in the economic analysis of the Prefeasibility Study.

  • The Prefeasibility Study economic analysis does not include the impact of the gross revenue royalty that would result from conversion of the Royalty Convertible Debenture, as such a royalty on the Bunker Hill Mine does not exist as of the date of this report nor can there be any assurance that a conversion of the Royalty Convertible Debenture will take place.

  • This package consists of four instruments: - An $8 million Royalty Convertible Debenture, which is convertible into a 1.85% royalty on gross revenue from the Bunker Hill Mine at the option of the holder until the earlier of the maturity date of July 7, 2023 or such time that the multi-metals Stream is advanced (see below).

  • Except as specifically amended by this Agreement, the provisions of the Royalty Convertible Debenture, the Exclusivity Agreement, the ROFR Agreement and/or the Pledge Agreement remain in full force and effect.

Related to Royalty Convertible Debenture

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

  • Convertible Debt means Indebtedness of the Borrowers (which may be guaranteed by the Guarantors) permitted to be incurred under the terms of this Agreement that is (i) either (a) convertible into common stock of the Company (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common stock) or (b) sold as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for common stock of the Company and/or cash (in an amount determined by reference to the price of such common stock) and (ii) subordinated to the Obligations on terms customary at the time for convertible subordinated debt securities.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

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

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

  • 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.

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

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • 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.

  • Series A Debentures means the Series A 9-7/8% Junior Subordinated Deferrable Interest Debentures due February 15, 2027 of the Debenture Issuer issued pursuant to the Indenture.

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

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

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Bridge Note means a promissory note made by the Borrower in favor of a Bridge Lender, evidencing Bridge Loans made by such Bridge Lender, substantially in the form of Exhibit C-2.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall vest and be exercisable ratably commencing on the exercise of the Series B Warrants held by the Purchaser (or its assigns) and have a term of exercise equal to 5 years from the date of issuance, in the form of Exhibit C attached hereto.

  • Series A Convertible Preferred Stock means the Series A Convertible Preferred Stock, $0.001 par value per share, of the Corporation.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Convertible Senior Notes means those certain convertible senior notes issued by Borrower with a final maturity date of not less than ten (10) years from the date of issuance, in an amount not to exceed $150,000,000 with an interest rate up to 5.5% and subject to the terms set forth in the Convertible Senior Notes Offering Memorandum.

  • Purchase Shares has the meaning set forth in Section 2.5(c).

  • Debentures has the meaning stated in the first recital of this Indenture.