Debentures definition

Debentures has the meaning stated in the first recital of this Indenture.

Debentures means the debt securities of the Guarantor designated the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the series of Debentures to be issued by the Debenture Issuer under the Indenture to be held by the Institutional Trustee, a specimen certificate for such series of Debentures being Exhibit B.

Examples of Debentures in a sentence

• The Corporation shall perform and carry out all of the acts and things to be completed by it as provided in this Subscription Agreement, including, without limitation, making all requisite filings required to be made by it under applicable Canadian securities legislation and applicable stock exchange rules, if any, to report the issuance of the Securities and the issuance of the Common Shares upon the conversion of the Debentures or the exercise of the Warrants.

• The completion of the purchase and sale of the Securities subscribed for hereunder at each Closing shall be completed electronically (with physical certificates evidencing the Debentures and Warrants) at such time on the applicable Closing Date as may be determined by the Corporation and the Investor.

• The Corporation shall (i) create, maintain and make available to the Investor a register setting out the principal amount of the Debentures and the number and type of Warrants outstanding, the number of Common Shares issuable upon conversion of the Debentures and upon exercise of the Warrants and (ii) promptly update such register in respect of any issuance of additional Securities upon a Closing, and any Conversion Notice, Warrant Exercise Notice or Investor Call Notice.

• The Corporation agrees that each of the Corporation and the Subsidiaries will defend the title of its property and assets against any material claims and demands of all persons other than the Investor and the holders of Debentures and Warrants, and holders of Permitted Liens.

• Any amount due to the Investor (or any of its affiliates) pursuant to this Subscription Agreement, the Debentures or the Warrants, that has not been paid when due shall bear interest at 40% per annum compounded monthly (at an effective rate of 48.2126% per annum) from the due date of the payment to the date paid, or such lesser amount as may be the maximum permitted by applicable laws.

More Definitions of Debentures

Debentures means the series of junior subordinated debt securities of the Guarantor designated the % Junior Subordinated Deferrable Interest Debentures due , 20 held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 to be issued by the Debenture Issuer under the Indenture.

Debentures means the $- aggregate principal amount of the Depositor's -% Junior Subordinated Deferrable Interest Debentures, Series -, issued pursuant to the Indenture.

Debentures shall have the meaning set forth in the Recitals hereto.

Debentures means the Floating Rate Junior Subordinated Debt Securities due 2034 to be issued by the Debenture Issuer under the Indenture.

Debentures means the junior subordinated debentures of Codorus Valley Bancorp, Inc., designated the Junior Subordinated Debt Securities due 2036, held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the series of Debentures to be issued by the Debenture Issuer and acquired by the Trust.