Second Debenture definition

Second Debenture means the second of the three (3) Debentures, in the principal amount of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00), which is issued by the Company to the Buyer on the Second Closing Date.

Second Debenture shall have the meaning set forth in the recital.

Second Debenture as defined in the recitals to this Agreement.

Examples of Second Debenture in a sentence

• For the purposes of this Agreement, the “Third Debenture Period” shall mean the period that commences on the date of the issuance of the Second Debenture to Holder and terminates upon the date that the remaining Principal Amount of the Second Debenture is equal to an amount not greater than $250,000.

• The closing of the purchase and sale of the Second Debenture and the issuance of the Second Promissory Note shall occur within thirty days of the Second Debenture Date.

• In August 2002, United exercised the Warrant and the right to purchase the Second Debenture for total proceeds of approximately $3.9 million.

• Each Second Debenture shall additionally bear such distinguishing letters and numbers as the Debenture Trustee shall approve.

• The Purchaser shall have received from Appia payment in full for all amounts of accrued but theretofore unpaid interest then outstanding on the First Debenture and the Second Debenture and all applicable prepayment premiums in respect of the First Debenture and the Second Debenture.

More Definitions of Second Debenture

Second Debenture means the second of the three (3) Debentures, in the principal amount of $125,000, which is issued by the Company to the Buyer on the Second Closing Date.

Second Debenture means the guarantee and debenture in the agreed terms to be issued by each of the Initial Charging Companies (other than the Principal Borrower) in favour of the Security Trustee to secure their respective obligations to the Security Beneficiaries;

Second Debenture means the Debenture executed or to be executed by the Chargors (as listed and defined therein) and the Second Security Trustee creating second ranking (ranking only behind the first ranking security created pursuant to the Security Documents) fixed and floating charges over substantially the whole of the assets and undertaking of such Chargors, in favour of the Second Security Trustee to hold for the benefit of the Term Banks, the Agent and itself.

Second Debenture means the second of the three (3) Debentures, in the principal amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00), which is issued by the Company to the Buyer on the Second Closing Date. 3. Notwithstanding anything to the contrary in the Agreement, the definition of “Second Purchase Price” in the Agreement shall be replaced with the following:

Second Debenture means the Debenture dated 27 September 2001 granted by the Chargors (as listed and defined therein) in favour of the Second Security Trustee, to hold for the benefit of the Term Banks, the Agent and itself, creating second ranking (ranking only behind the first ranking security created pursuant to the Security Documents) fixed and floating charges over substantially the whole of the assets and undertaking of such Chargors, in favour of the Second Security Trustee to hold for the benefit of the Term Banks, the Agent and itself.

Second Debenture means the proposed second debenture and/or equity issue of the Borrower for Rs 1500 million; and

Second Debenture means the debenture dated 21 November 2022 creating a fixed and floating charge over the Company’s assets entered into by the Company in favour of Apeiron Investment Group Ltd, as the same may be amended or replaced from time to time.