Subordinate Debentures definition

Subordinate Debentures means the principal of (and premium, if any), interest on, and all fees and other amounts (including, without limitation, any reasonable out-of-pocket costs, enforcement expenses (including reasonable out-of-pocket legal fees and disbursements and other reimbursement or indemnity obligations relating thereto) payable by Company under or in connection with those certain Series B Convertible Secured Debentures (as in effect on the date hereof), in the aggregate original principal amount of up to CAD$1,549,000 issued by the Company in exchange for Unsecured Debentures in equal principal amount, pursuant to the Trust Indenture dated as of December 7, 2016, executed between the Company and TSX Trust Company, as Trustee.
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Subordinate Debentures has the meaning specified in Recital A.
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Subordinate Debentures means, collectively, the ACT Debentures and the Maturing Debentures.
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Examples of Subordinate Debentures in a sentence

  • No payment made to the Executive pursuant to Section 3.9 shall be deemed, for any purpose, a payment of purchase price for Common Stock or Subordinate Debentures.

  • Holders of at least 80% of the aggregate face amount of the outstanding Unsecured Debentures of the Company shall have agreed to exchange their Unsecured Debentures for an equal aggregate face amount of Subordinate Debentures.

  • Upon receipt of such confirmation, the Trustee shall instruct the Securities Registrar to increase the principal amount of a Global Junior Subordinated Debenture in an amount equal to the aggregate principal amount of the Remarketed Junior Subordinate Debentures by an endorsement made by the Securities Registrar on such Global Junior Subordinated Debenture to reflect such increase.

  • The Corporation will not make or permit any amendment, supplement or modification to any provision of the Subordinate Debentures or any other document now or hereafter executed by or on behalf of the holders of the Subordinate Debentures in connection with the Subordinate Debentures, or provide any waiver or consent to like effect.

  • Name: • Title: • Name: • Title: • This Initial Debenture is one of the 8.00% Convertible Unsecured Subordinate Debentures due June 30, 2010 referred to in the Indenture within mentioned.

  • The Company upon any such presentation shall execute one or more Global Junior Subordinate Debentures in such aggregate principal amount and deliver the same to the Trustee for authentication and delivery in accordance with the Original Indenture.

  • Any other Indebtedness of Revco or any of its Subsidiaries in an outstanding principal amount of $10,000,000 or more shall become due and payable and not be paid or satisfied in full, or its holder shall be entitled to require Revco or such Subsidiary to purchase, repurchase, redeem, defease, retire or otherwise prepay such Indebtedness in whole or in part except with respect to the 6.5% Convertible Subordinate Debentures of Big B, Inc.

  • The Obligations shall at all times be considered senior in right of payment to the indebtedness evidenced by the Subordinated Debt, including without limitation, the Subordinate Debentures.

  • The Trustee, upon receipt of such Global Junior Subordinated Debentures, together with an Officers’ Certificate and an order to the Trustee requesting authentication, will authenticate such Global Junior Subordinate Debentures and deliver them to the Securities Registrar, as custodian for the Depositary.

  • The Company proposes to issue and sell to the Underwriter an -------- aggregate principal amount of $20,000,000 of its ___% Convertible Subordinate Debentures due July 1, 2021 (the "Debentures").