Common use of Cancellation of Converted Debentures Clause in Contracts

Cancellation of Converted Debentures. All Debentures converted under Section 2.5(5) shall be cancelled by the Trustee and no Debenture shall be issued in substitution for those converted.

Appears in 2 contracts

Sources: Indenture (Modern Mining Technology Corp.), Indenture (Modern Mining Technology Corp.)

Cancellation of Converted Debentures. All Debentures converted under Section subsection 2.5(5) shall be cancelled by the Trustee and no Debenture shall be issued in substitution for those converted.

Appears in 1 contract

Sources: Secured Convertible Debenture Indenture (Starfighters Space, Inc.)