Examples of Series C Convertible Debentures in a sentence
Reference is made to the agreement between the Company and the Investor dated December 6, 2011, as supplemented on May 31, 2012, (the “Debenture Purchase Agreement”) regarding the purchase by the Investor and the issuance by the Company of certain Series C Convertible Debentures.
The adoption of “ASC 606 Revenue Guidance” will help prevent similar omission errors from occurring.
Reference is made to the agreement between the Company and the Investor dated December 6, 2011 (the “Debenture Purchase Agreement”) regarding the purchase by the Investor and the issuance by the Company of certain Series C Convertible Debentures.
Holder acknowledges that under the terms of both the ---------------- Series A and Series C Convertible Debentures, he has no obligation to enter into this Settlement Agreement and that if he does not sign this Settlement Agreement, then the entire debenture indebtedness, including accrued interest, remains as an obligation of the Company, payable to the extent of its assets and having a position senior to that of shareholders (including Preferred Shareholders) in any liquidation of the Company.
Holder acknowledges that under the terms of the ---------------- Series C Convertible Debentures, he has no obligation to enter into this Settlement Agreement and that if he does not sign this Settlement Agreement, then the entire debenture indebtedness, including accrued interest, remains as an obligation of the Company, payable to the extent of its assets and having a position senior to that of shareholders (including Preferred Shareholders) in any liquidation of the Company.
September 30, 2017 June 30, 2017 Debentures Payable to a Director Series C Convertible Debentures - Milton Boniuk $ 5,000,000 $ 5,000,000 As of September 30, 2017 June 30, 2017 Debenture Interest Payable to a Director Coupon interest payable on $5,000,000 Series C Convertible Debentures and deferred.
Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement (including the conditions precedent with respect to the Series C Closing with respect to the Second Funding and the Third Funding, and subject to the express consent of the Investor in its sole discretion), the Investor shall promptly thereafter deliver to the Company the Second Funding and the Third Funding upon issuance of Series C Convertible Debentures in the face amounts equal to the Second Funding and Third Funding.
In August 2014, the Company issued Series C Convertible Debentures (the “Series C Debentures”) with an aggregate face value of $350,833 in exchange for the cancellation of Series B Convertible Debentures with outstanding principal and accrued interest of $350,833.