unsecured debenture oor Spaans
unsecured debenture
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Subject to the provisions of Article 101b of the Lois Coordonnées sur les sociétés commerciales, the company may at any time, by a resolution of the Board of Directors, create or issue secured or unsecured debentures up to the amount of borrowing necessary for the attainment of the object of the company.
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It is nearly always a debenture—an unsecured bond—with a call feature.
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A debenture is an unsecured bond, for which no specific pledge of property is made.
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A debenture is an unsecured bond, for which no specific pledge of property is made.
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Debentures—Such bonds are unsecured bonds that are not backed by assets.
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In Wall Street jargon, the name debenture refers to a long-term, unsecured corporate bond.
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VI- deliberating on the issue of simple, unsecured debentures non-convertible into shares;
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The Commission notes that, under Italian law, where a bankrupt company is being wound up, the debts arising out of a debenture loan are repaid before the other unsecured claims.
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In the United States, debenture refers specifically to an unsecured corporate bond, i.e. a bond that does not have a certain line of income or piece of property or equipment to guarantee repayment of principal upon the bond's maturity.
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Like other secured debts, the debenture gives the debtor priority status over unsecured creditors in a bankruptcy; however debt instruments where security is pledged to specific assets (such as a bond) receive a higher priority status in a bankruptcy than do debentures.
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(TSX: PRE; BVC: PREC) announced today the temporary incentive conversion rate increase for its CAD$240 million 8% convertible, unsecured, subordinated debentures due August 29, 2013 (the "Debentures").
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(TSX: PRE) (BVC: PREC) announced today the results of its temporary incentive conversion rate increase for its CAD$240 million 8% convertible, unsecured, subordinated debentures due August 29, 2013 (the "Debentures").
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Under the indenture dated August 28, 2008 (the "Indenture') that governs the 8% Convertible, Unsecured, Subordinated Debentures of the Company (the "Debentures"), the dividend payment on December 16, 2010 triggered an adjustment to the conversion rate applicable (the "Conversion Rate") to the Debentures.
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Under the indenture dated August 28, 2008 (the “Indenture’) that governs the 8% Convertible, Unsecured, Subordinated Debentures of the Company (the “Debentures”), the dividend payment on December 16, 2010 triggered an adjustment to the conversion rate applicable (the “Conversion Rate”) to the Debentures.
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In very general terms a debenture is an unsecured debt.
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(vi) Issue -domestically or abroad, in national or foreign currency- convertible or non-convertible debentures, corporate bonds, bonds backed by property, by a special or floating guarantee, or unsecured bonds in accordance with applicable statutory provisions and with the relevant meeting of shareholders' prior consent, where so required by law.
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(vi) Issue, within the country or abroad, in national or foreign currency, debentures, corporate bonds or bonds guaranteed by a security interest, or by a special or floating guarantee or unsecured, whether convertible or not, pursuant to the legal applicable provisions and with the prior consent of the pertinent shareholders meeting when legally required.
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To borrow money and contract debts in connection with its business or for any lawful purpose; to issue bonds, notes, bills of exchange, debentures and other obligations and evidences of indebtedness (which may or may not be convertible into stock of the corporation) payable at a specified time or times or payable upon the happening of a specified event or events whether secured by mortgage, pledge or otherwise or unsecured for money borrowed or in payment for property purchased or acquired or for any other lawful objects;
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