ACCOUNT_JOB_COMPANY
ACCOUNT_COMPANY_REG_NO
Debenture No: ......................
Amount: CURRENCY AMOUNT
Holder: ......................
DEBENTURE
1. This Debenture (this "Debenture") is made on by ACCOUNT_JOB_COMPANY (the Company) whose registered office is at ACCOUNT_JOB_ADDRESS_SINGLE_LINE.
2. For value received, the Company hereby promises to pay the Holder by MATURITY_DATE, the principal amount of CURRENCY AMOUNT, and to pay interest and redemption on the principal amount hereof, and any accrued penalties, in such amounts, at such times and on such terms and conditions as are specified herein.
3. This Debenture and the Conditions endorsed on it shall be construed in accordance with and governed by the laws of JURISDICTION_COUNTRY.
In witness whereof the Company has caused this Debenture to be executed under its Common Seal this _____ _____ day of _____ _____
THE COMMON SEAL of the )
Company was hereunto affixed )
in the presence of: )
Director
Secretary
CONDITIONS
1. Interest
1.1 The Company shall pay a INTEREST% annual coupon on the unpaid Principal Amount of this Debenture at such times and in such amounts as determined by the Holder. The Holder shall have the right to request interest payments on the Face Amount anytime after closing and each month thereafter. The Holder shall submit to the Company a notice requesting a payment in the amount equal to the interest accruing for that month on the balance of the Debenture. The Interest shall be compounded daily.
2. Duty of the Company
3. Payment of the Debenture
4. Register of Debenture Holders
5. Title of Noteholders
6. Transfer of Debentures
7. Renewal of Debentures
8. Notices
9. Integration
9.1 This Debenture is the final agreement between the Company and the Holder with respect to the terms and conditions set forth herein, and, the terms of this Debenture may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the Parties. The execution and delivery of this Debenture shall not alter the prior written agreements between the Company and the Holder.
10. Redemption
10.1 The Holder shall have the right to be redeemed from the Debenture, in whole or in part, at a price equal to one hundred and twenty percent (120%) of the outstanding principal amount of the Debenture, including accrued interest (and penalties if applicable). Any Payments, as defined in Article 3 above, shall apply to the Redemption Amount.
11. Waiver
11.1 The Holder’s delay or failure at any time or times hereafter to require strict performance by the Company of any undertakings, agreements, or covenants shall not waive, affect, or diminish any right of the Holder under this Agreement to demand strict compliance and performance herewith. Any waiver by the Holder of any Event of Default shall not waive or affect any other Event of Default, whether such Event of Default is prior or subsequent thereto and whether of the same or a different type. None of the undertakings, agreements and covenants of the Company contained in this Agreement, and no Event of Default, shall be deemed to have been waived by the Holder, nor may this Agreement be amended, changed or modified, unless such waiver, amendment, change or modification is evidenced by an instrument in writing specifying such waiver, amendment, change or modification and signed by the Holder.
12. Severability
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