Series 1 Convertible Debentures definition

Series 1 Convertible Debentures means the secured convertible debentures in the aggregate principal amount of $6,000,000.00 bearing interest at 7.5% per annum payable quarterly in arrears, issued on January 28, 2022 by the Obligors and convertible at the option of the holder into Common Shares.
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Series 1 Convertible Debentures means, collectively, the secured convertible debentures in the aggregate principal amount of $6,000,000.00 bearing interest at 7.5% per annum payable quarterly in arrears, issued on January 28, 2022 by the Obligors and convertible at the option of the holder into common shares of BHMC, as amended by the Second Omnibus Amendment and as the same may be further amended, restated, amended and restated, modified or supplemented from time to time.
Sample 1Sample 2
Series 1 Convertible Debentures means, collectively, the secured convertible debentures in the aggregate principal amount of $6,000,000.00 bearing interest at 7.5% per annum payable quarterly in arrears, issued on January 28, 2022 by the Obligors and convertible at the option of the holder into common shares of BHMC, as amended by the Second Omnibus Amendment, the Third Omnibus Amendment, the Fourth Omnibus Amendment, the Fifth Omnibus Amendment and as the same may be further amended, restated, amended and restated, modified or supplemented from time to time.
Sample 1

Examples of Series 1 Convertible Debentures in a sentence

  • The 2018 Series 1 Convertible Debentures principal of $167,500, accrued fees of $139,818, promissory notes principal of $633,146, and promissory notes and convertible debenture interest of $278,023 were settled to participate in the private placement (Note 11 & 13).

  • Each of the Series 1 Convertible Debentures shall rank equally without preference or priority of any kind over one another, and all payments and recoveries under any other document payable on account of principal on the Series 1 Convertible Debentures shall be paid and applied ratably and proportionately on all outstanding Series 1 Convertible Debentures on the basis of their original principal amount.

  • The 2018 Series 1 Convertible Debentures principal of $167,500, accrued fees of $139,818, promissory notes principal of $633,146, and promissory notes and convertible debenture interest of $278,023 were settled to participate in the private placement.

  • The options are exercisable at $0.085 per share until four years from the date of grant and are fully vested on the date of grant.• During April 2018, and following issue of the 2018 Series 1 Convertible Debentures, the Company repaid in full to two directors the outstanding balance of $400,000 of two maturing convertible debentures that had been issued in April 2017.

  • The entire unpaid principal amount of this Debenture shall become and be immediately due and payable upon written demand of [_________________], as Collateral Agent on behalf of Purchaser and other purchasers of the Series 1 Convertible Debentures (the “Collateral Agent”), if any Event of Default shall occur and be continuing (which is not cured within any applicable cure period).

  • The PI also plans to work closely with other industrial companies so that the research results can benefit more consumers faster and more efficiently.

  • If the Architect fails to certify payment as provided in Section 15.4.1 for a period of 30 days through no fault of the Contractor, or if the Owner fails to make payment as provided in Section 4.1.3 for a period of 30 days, the Contractor may, upon seven additional days’ notice to the Owner and the Architect, terminate the Contract and recover from the Owner payment for Work executed.

  • Under Regulation (No. 1) effective from 26 March 2020, several measures were set out to prevent the COVID 19 outbreak in Thailand.

  • The remaining $125,000 of those debentures had been converted by other holders during 2017.• On April 18, 2018, the Company entered into a non-brokered private placement of convertible debentures, known as 2018 Series 1 Convertible Debentures, in the principal amount of $1,180,000 with a director who is also an officer of the Company.

  • During the year ended December 31, 2019, the 2018 Series 1 Convertible Debentures matured on June 30, 2019 and the maturity date was extended until June 30, 2020.

Related to Series 1 Convertible Debentures

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

  • 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;

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

  • 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 A 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 from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • 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;

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

  • Series B Convertible Preferred Stock means the Series B Convertible Preferred Stock, par value $.01 per share, of the Company.

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

  • 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.

  • 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.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.001 per share.