Common use of Accrual of Additional Interest Clause in Contracts

Accrual of Additional Interest. If, at any time on or after the Last Original Issue Date of any Note, such Note is not Freely Tradable, then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing or such Note is not Freely Tradable.

Appears in 2 contracts

Samples: Indenture (Aegerion Pharmaceuticals, Inc.), Indenture

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Accrual of Additional Interest. If, at any time on or after the Last Original Issue Date of any Note, such Note is not Freely Tradable, then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing or such Note is not Freely Tradable. For the avoidance of doubt, any Note bearing the Private Placement Legend is deemed held by an Affiliate of the Company and no Additional Interest will accrue on the such Note.

Appears in 2 contracts

Samples: Indenture (Amryt Pharma PLC), Indenture (Amryt Pharma PLC)

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