ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST Sample Clauses

ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST. The Debentures shall be Original Issue Discount Securities. Original Issue Discount shall accrue with respect to the Debentures at the rate set forth in paragraph 1 of the Debentures, commencing on the Issue Date of the Debentures. Except as provided in Article Sixteen, there shall be no periodic payments of interest on the Debentures. In case of an Event of Default, the principal amount of the Debentures that may be declared due and payable shall be the Issue Price plus accrued Original Issue Discount (or if the Debentures have been converted to semiannual coupon notes following a Tax Event, the Restated Principal Amount, plus accrued and unpaid interest) to and including the date of such default or declaration, as the case may be.
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ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST. The 2020 Debentures shall be Original Issue Discount Securities. Original Issue Discount shall accrue with respect to the 2020 Debentures at the rate set forth under the caption "Interest" in the 2020 Debentures, commencing on the Issue Date of the 2020 Debentures. Except as provided under the caption "Tax Event" in the 2020 Debentures and in Article Sixteen of the Indenture, there shall be no periodic payments of interest on the 2020 Debentures.
Sample 1
ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST. The 2020 Debentures shall be Original Issue Discount Securities. Original Issue Discount shall accrue with respect to the 2020 Debentures at the rate set forth under the caption "Interest" in the 2020 Debentures, commencing on the Issue Date of the 2020 Debentures. Except as provided under the caption "Tax Event" in the 2020 Debentures and in Article Sixteen hereof, there shall be no periodic payments of interest on the 2020 Debentures. SECTION 105 Additional Interest. Additional Interest with respect to the 2020 Debentures shall be payable in accordance with the provisions and in the amounts set forth in the Registration Rights Agreement. SECTION 106 Denominations. The 2020 Debentures shall be in fully registered form without coupons in denominations of $1,000 of Principal Amount or any integral multiple thereof.
Sample 1
ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST. The 2021 Debentures shall be Original Issue Discount Securities. Original Issue Discount shall accrue with respect to the 2021 Debentures at the rate set forth under the caption "Interest" in the 2021 Debentures, commencing on the Issue Date of the 2021 Debentures. Except (a) as provided under the caption "Tax Event" in the 2021 Debentures and in Article SEVENTEEN hereof and (b) for Additional Interest that may become payable as contemplated in Section 105 hereof, there shall be no periodic payments of interest on the 2021 Debentures.
Sample 1
ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST. The 2015 Debentures shall be Original Issue Discount Securities. Original Issue Discount shall accrue with respect to the 2015 Debentures at the rate set forth under the caption "Interest" in the 2015 Debentures, commencing on the Issue Date of the 2015 Debentures. Except as provided under the caption "Tax Event" in the 2015 Debentures and in Article Sixteen of the Indenture, there shall be no periodic payments of interest on the 2015 Debentures.
Sample 1
ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST. The Debentures shall be Original Issue Discount Securities. Original Issue Discount shall accrue with respect to the Debentures at the rate set forth under the caption "Interest" in the Debentures, commencing on the Issue Date of the Debentures. Except as provided under the caption "Tax Event" in the Debentures and in Section 1406, there shall be no periodic payments of interest on the Debentures.
Sample 1

Related to ACCRUAL OF ORIGINAL ISSUE DISCOUNT; INTEREST

  • Calculation of Original Issue Discount The Company shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time.

  • Original Issue Discount If any of the Securities is an Original Issue Discount Security, the Company shall file with the Trustee promptly at the end of each calendar year (1) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on such Outstanding Original Issue Discount Securities as of the end of such year and (2) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code.

  • Original Issue Discount Security 13 Outstanding...................................................13

  • Original Issue Discount Legend Each Note issued with original issue discount, if any, will bear a legend in substantially the following form: “FOR THE PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THIS SECURITY IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT; FOR EACH $1,000 IN AGGREGATE PRINCIPAL AMOUNT OF THIS SECURITY, THE ISSUE PRICE IS $[ ], THE AMOUNT OF ORIGINAL ISSUE DISCOUNT IS $[ ], THE ISSUE DATE IS [ ], 201[ ] AND THE YIELD TO MATURITY IS [ ]% PER ANNUM.”

  • Original Issue Discount; Transaction Expense Amount The Note carries an original issue discount of $300,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities (the “Transaction Expense Amount”), all of which amount is included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $3,000,000.00, computed as follows: $3,320,000.00 initial principal balance, less the OID, less the Transaction Expense Amount.

  • Original Issue of Notes The Notes may, upon execution of this Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order, authenticate and deliver such Notes as in such Company Order provided.

  • Accrual of Interest Each Note will accrue interest at a rate per annum equal to 0.25% (the “Stated Interest”), plus any Additional Interest and Special Interest that may accrue pursuant to Sections 3.04 and 7.03, respectively. Stated Interest on each Note will (i) accrue from, and including, the most recent date to which Stated Interest has been paid or duly provided for (or, if no Stated Interest has theretofore been paid or duly provided for, the date set forth in the certificate representing such Note as the date from, and including, which Stated Interest will begin to accrue in such circumstance) to, but excluding, the date of payment of such Stated Interest; and (ii) be, subject to Sections 4.02(D), 4.03(E) and 5.02(D) (but without duplication of any payment of interest), payable semi-annually in arrears on each Interest Payment Date, beginning on the first Interest Payment Date set forth in the certificate representing such Note, to the Holder of such Note as of the Close of Business on the immediately preceding Regular Record Date. Stated Interest, and, if applicable, Additional Interest and Special Interest, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

  • Accrual of Interest and Maturity; Evidence of Indebtedness (i) Swing Line Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to Swing Line Lender resulting from each Swing Line Advance from time to time, including the amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, if any, and the amount and date of any repayment made on any Swing Line Advance from time to time. The entries made in such account or accounts of Swing Line Lender shall be prima facie evidence, absent manifest error, of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of Swing Line Lender to maintain such account, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Swing Line Advances (and all other amounts owing with respect thereto) in accordance with the terms of this Agreement.

  • Accrual of Additional Interest (i) If, at any time during the six (6) month period beginning on, and including, the date that is six (6) months after the Last Original Issue Date of any Note,

  • Original Issue The Notes may, upon execution of this Thirteenth Supplemental Indenture, be executed by the Company and delivered by the Company and the Parent Guarantor to the Trustee for authentication, and the Trustee shall, upon Company order, authenticate and deliver such Notes as in such Company order provided.

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