Common use of The Debenture Clause in Contracts

The Debenture. Each Debenture shall be in the aggregate principal amount set forth immediately below each such Investor's name on the Execution Pages, shall become due and payable on May 31, 1998 unless earlier terminated or converted as provided therein (the "Debenture Due Date"), shall bear interest at the rate of 6% per annum from the date of issuance, which interest shall be payable in arrears in shares of Common Stock on the Debenture Due Date, and shall have such other terms and conditions as are set forth in the form of Debenture attached hereto as Exhibit A. ---------

Appears in 2 contracts

Sources: Convertible Debenture and Warrant Purchaser Agreement (Divicore Inc), Convertible Debenture and Warrant Purchase Agreement (Divicore Inc)