Common use of Additional Interest Payments Clause in Contracts

Additional Interest Payments. If the Company makes any dividend or other distribution of cash, securities, rights, evidences of indebtedness or other asset or property to all or substantially all holder of its Common Stock at any time when any Securities are outstanding under the Indenture, the Company shall pay additional interest on the Securities in an amount and type (whether cash, securities, rights, evidences of indebtedness or other asset or property) equal to the amount and type that would be paid on the shares of Common Stock into which such Securities could be converted on the applicable Dividend Record Date for such dividend or other distribution on the Common Stock, assuming such converted shares of Common Stock were outstanding on the applicable Dividend Record Date (an “Additional Interest Payment”, and any such Additional Interest Payment for which a Holder is the holder of record of the Securities on the relevant Dividend Record Date and which remains unpaid on any subsequent date, an “Unpaid Additional Interest Payment” with respect to such Holder). However, notwithstanding the foregoing, Holders shall not be entitled to receive any additional interest payment for which an adjustment to the Conversion Rate is made pursuant to Section 12.2 of the Indenture, and such additional interest payments that are not payable to Holders as a result of this sentence shall not be deemed Additional Interest Payments. Additional Interest Payments shall be paid at the same time as such dividend or other distribution on the Common Stock is paid to the holders of Common Stock and no such dividend or distribution on the Common Stock shall be made unless and until the Additional Interest Payments are paid (or are concurrently being paid).

Appears in 1 contract

Samples: Indenture (Interstate Bakeries Corp/De/)

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Additional Interest Payments. If the Company makes any dividend or other distribution of cash, securities, rights, evidences of indebtedness or other asset or property to all or substantially all holder of its Common Stock at any time when any Securities are outstanding under the Indenture, the Company shall pay additional interest on the Securities in an amount [and type (whether cash, securities, rights, evidences of indebtedness or other asset or property) )] equal to the amount [and type type] that would be paid on the shares of Common Stock into which such Securities could be converted on the applicable Dividend Record Date for such dividend or other distribution on the Common Stock, assuming such converted shares of Common Stock were outstanding on the applicable Dividend Record Date (an “Additional Interest Payment”, and any such Additional Interest Payment for which a Holder is the holder of record of the Securities on the relevant Dividend Record Date and which remains unpaid on any subsequent date, an “Unpaid Additional Interest Payment” with respect to such Holder). However, notwithstanding the foregoing, Holders shall not be entitled to receive any additional interest payment for which an adjustment to the Conversion Rate is made pursuant to Section 12.2 of the Indenture, and such additional interest payments that are not payable to Holders as a result of this sentence shall not be deemed Additional Interest Payments. Additional Interest Payments shall be paid at the same time as such dividend or other distribution on the Common Stock is paid to the holders of Common Stock and no such dividend or distribution on the Common Stock shall be made unless and until the Additional Interest Payments are paid (or are concurrently being paid).

Appears in 1 contract

Samples: Indenture (Interstate Bakeries Corp/De/)

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Additional Interest Payments. If the Company makes pays any dividend or other distribution of cash, securities, rights, evidences of indebtedness or other asset assets or property to all or substantially all holder holders of its Common Stock at any time when any Securities are outstanding under the Indenturehereunder, the Company shall pay additional interest on the Securities in an amount and type (whether cash, securities, rights, evidences of indebtedness or other asset assets or property) equal to the amount and type that would be paid on the shares of Common Stock into which such Securities could be converted on the applicable Dividend Record Date for such dividend or other distribution on the Common Stock, assuming such converted shares of Common Stock were outstanding on the applicable Dividend Record Date (an “Additional Interest Payment”, and any such Additional Interest Payment for which a Holder is the holder of record of the Securities on the relevant Dividend Record Date and which remains unpaid on any subsequent date, an “Unpaid Additional Interest Payment” with respect to such Holder). However; provided, however, that notwithstanding the foregoing, Holders shall not be entitled to receive any additional interest payment for which an adjustment to the Conversion Rate is made pursuant to Section 12.2 of the Indenture12.2, and such additional interest payments that are not payable to Holders as a result of this sentence proviso shall not be deemed Additional Interest Payments. Promptly after the Company declares or schedules a dividend or other distribution that would obligate it to make any Additional Interest Payment under this Section 3.2, the Company shall give written notice thereof to all Holders setting forth the amount and nature of such dividend or distribution and the calculation of the amount of the Additional Interest Payment. Additional Interest Payments shall be paid at the same time as such dividend or other distribution on the Common Stock is paid to the holders of Common Stock and Stock; provided, however, that no such dividend or distribution on the Common Stock shall be made paid unless and until the Additional Interest Payments are paid (or are concurrently being paid)) pursuant to this Section 3.2.

Appears in 1 contract

Samples: Indenture (Interstate Bakeries Corp/De/)

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