SUBSCRIPTION OF NON CONVERTIBLE DEBENTURES Sample Clauses

SUBSCRIPTION OF NON CONVERTIBLE DEBENTURES. Subject to the terms and conditions of this Agreement, and in reliance upon the agreements, undertakings, covenants, warranties and representations set forth in this Agreement, the Investor agrees to subscribe to, and the Company agrees to issue, allot and deliver to the Investor 825,000 (Eight lakhs twenty five thousand), 13% Non Convertible Debentures of the Company of the face value of Rs.100/- each (hereinafter referred to as the "Investor's Securities") for --------------------- cash for the aggregate issue price of Rs.825,00,000/- (Rupees Eight Crores twenty five lakhs Only). (hereinafter referred to as "the Subscription ---------------- Amount".) ------ The Company shall fulfill all the Conditions Precedent set out below within thirty days of the date of execution of this Agreement or such extended date as the Investor may in its discretion specify from time to time. Upon the fulfillment of the conditions precedent the Company shall forward to the Investor the application form for the subscription of the aforesaid Non Convertible Debentures. Upon being satisfied about the fulfillment of the Conditions Precedent the investor shall apply for the Non Convertible Debentures and shall also forward the Subscription Amount thereto with such application form to the Company. The Company shall allot, issue and deliver the Non Convertible Debentures to the Investor within a period of 15 days from the date of receipt of such application, failing which the Company shall pay an additional default interest of 2% from the date of such default till the date of actual delivery of the Non Convertible Debenture.

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Related Clauses

• Purchase of Convertible Debentures
• Purchase of Debentures and Warrants
• Purchase and Sale of Convertible Debentures
• Convertible Debentures
• Purchase of Notes and Warrants
• Conversion of Debentures
• Warrant Subscription Agreement
• Execution of Debentures
• Redemption of the Debentures
• Payment of Debentures

Related to SUBSCRIPTION OF NON CONVERTIBLE DEBENTURES

• Purchase of Convertible Debentures Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at each Closing and the Company agrees to sell and issue to each Buyer, severally and not jointly, at each Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s name on Schedule I hereto.
• Purchase of Debentures and Warrants On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Debentures and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.
• Purchase and Sale of Convertible Debentures 5 2.2 Purchase and Sale; Purchase Price. 5 2.2 Execution and Delivery of Documents; the Closing. 6 2.3 The Post-Closing. 7
• Convertible Debentures The Definition of the term "Convertible Debentures" as used in the Master Agreement shall hereinafter include the Additional Debentures.
• Purchase of Notes and Warrants On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.
• Conversion of Debentures Section 16.01.
• Warrant Subscription Agreement The Warrant Subscription Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
• Execution of Debentures The Debentures shall be signed in the name and on behalf of the Company by the manual or facsimile signature of its Chairman of the Board of Directors, Chief Executive Officer, Vice Chairman, President, one of its Managing Directors or one of its Executive Vice Presidents, Senior Vice Presidents or Vice Presidents. Only such Debentures as shall bear thereon a certificate of authentication substantially in the form herein before recited, executed by the Trustee or the Authenticating Agent by the manual signature of an authorized signer, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee or the Authenticating Agent upon any Debenture executed by the Company shall be conclusive evidence that the Debenture so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. In case any officer of the Company who shall have signed any of the Debentures shall cease to be such officer before the Debentures so signed shall have been authenticated and delivered by the Trustee or the Authenticating Agent, or disposed of by the Company, such Debentures nevertheless may be authenticated and delivered or disposed of as though the Person who signed such Debentures had not ceased to be such officer of the Company; and any Debenture may be signed on behalf of the Company by such Persons as, at the actual date of the execution of such Debenture, shall be the proper officers of the Company, although at the date of the execution of this Indenture any such person was not such an officer. Every Debenture shall be dated the date of its authentication.
• Redemption of the Debentures SECTION 3.1. Tax Event and Regulatory Capital Event Redemption. 7 SECTION 3.2. Optional Redemption by Company. 8 SECTION 3.3.
• Payment of Debentures (a) The Company shall pay the principal of and premium, if any, and interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding) on the Debentures on or prior to the dates and in the manner provided in such Debentures or pursuant to this Junior Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the applicable due date if on such date the Trustee or the Paying Agent holds, in accordance with this Junior Indenture, money sufficient to pay all of such installment then due. With respect to any Debenture, the Company shall pay interest on overdue principal and interest on overdue installments of interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding), to the extent lawful, at the rate per annum borne by such Debenture, compounded quarterly. Interest on overdue interest shall accrue from the date such amounts become overdue.