Senior Debentures definition
Examples of Senior Debentures in a sentence
Convertible Debentures - those certain $200,000,000 3.50% Convertible Senior Debentures maturing June 15, 2034, issued pursuant to that certain Indenture dated as of June 22, 2004 by and between the Parent and Union Bank of California, N.A. or any of its successors, as trustee (as amended or supplemented from time to time, the “Convertible Debenture Agreement”).
If the Senior Debentures are traded after their initial issuance, they may trade at a discount from their initial public offering price.
The Company covenants and agrees, and the Holder, by such Holder’s acceptance hereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Section 3, the indebtedness represented by this Exchange Note and the payment of the principal of and interest on this Exchange Note are hereby expressly made subordinate and subject in right of the prior payment in full of all Senior Indebtedness and the Senior Debentures.
There is no trading market for Senior Debentures and the REIT has no intention of requesting a TSX listing for its Senior Debentures.
The interest on the Series E Senior Debentures is payable semi-annually on February 2 and August 2.