Common use of Accrual of Special Interest Clause in Contracts

Accrual of Special 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, (1) the Company fails to timely file any report (other than Form 8-K reports) that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (after giving effect to all applicable grace periods thereunder); or (2) such Note is not otherwise Freely Tradable, then Special 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. (ii) In addition, Special Interest will accrue on a Note on each day on which such Note is not Freely Tradable on or after the De-Legending Deadline Date for such Note.

Appears in 6 contracts

Samples: Indenture (Coinbase Global, Inc.), Indenture (Coinbase Global, Inc.), Indenture (Haemonetics Corp)

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Accrual of Special 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, (1) the Company fails to timely file any report (other than Form 8-K reports) that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (after giving effect to all applicable grace periods thereunder); or (2) such Note is not otherwise Freely Tradable, then Special 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. (ii) In addition, Special Interest will accrue on a Note on each day on which such Note is not Freely Tradable on or after the De-Legending Deadline tenth (10th) day after the Free Trade Date for of such Note.

Appears in 1 contract

Samples: Indenture (Renewable Energy Group, Inc.)

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