Common use of Amendment to Indenture Clause in Contracts

Amendment to Indenture. Section 2.11 of the Indenture is hereby amended by deleting the second paragraph thereof in its entirety and replacing it with the following: “If the Company defaults in a payment of interest on Notes of a particular maturity, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, to the Persons who are Holders of such Notes on a subsequent special Record Date established by the Company. At least 15 days before the subsequent special Record Date, the Company shall mail to each Holder of such Notes, as of a recent date selected by the Company, with a copy to the Trustee, a notice that states the subsequent special Record Date, the amount of defaulted interest and interest payable on such defaulted interest, if any, to be paid and the date on which payment shall be made to the Holders of such Notes, which date shall be either (i) the fifteenth day after the special Record Date or the next succeeding Business Day if such date is not a Business Day, or (ii) or (ii) such earlier Business Day after the special Record Date (A) designated by the Company in writing to the Trustee and (B) agreed to by the Trustee as being reasonably practicable for the payment of such defaulted interest.”

Appears in 1 contract

Samples: Indenture (Healthsouth Corp)

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Amendment to Indenture. Section 2.11 2.12 of the Indenture is hereby amended by deleting the second paragraph thereof in its entirety and replacing it with the following: “If the Company defaults in a payment of interest on Notes of a particular maturitythe Notes, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, to the Persons who are Holders of such Notes on a subsequent special Record Date established by the Company. At least 15 days before the subsequent special Record Date, the Company shall mail to each Holder of such NotesHolder, as of a recent date selected by the Company, with a copy to the Trustee, a notice that states the subsequent special Record Date, the amount of defaulted interest and interest payable on such defaulted interest, if any, to be paid and the date on which payment shall be made to the Holders of such NotesHolders, which date shall be either (i) the fifteenth day after the special Record Date or the next succeeding Business Day if such date is not a Business Day, or (ii) or (ii) such earlier Business Day after the special Record Date (A) designated by the Company in writing to which the Trustee and (B) agreed to by the Trustee as being reasonably practicable for the payment of such defaulted interestshall agree.”

Appears in 1 contract

Samples: Indenture Amendment (Healthsouth Corp)

Amendment to Indenture. Section 2.11 of the Indenture is hereby amended by deleting the second paragraph thereof in its entirety and replacing it with the following: “If the Company defaults in a payment of interest on Notes of a particular maturitythe Notes, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, to the Persons who are Holders of such Notes on a subsequent special Record Date established by the Company. At least 15 days before the subsequent special Record Date, the Company shall mail to each Holder of such NotesHolder, as of a recent date selected by the Company, with a copy to the Trustee, a notice that states the subsequent special Record Date, the amount of defaulted interest and interest payable on such defaulted interest, if any, to be paid and the date on which payment shall be made to the Holders of such NotesHolders, which date shall be either (i) the fifteenth day after the special Record Date or the next succeeding Business Day if such date is not a Business Day, or (ii) or (ii) such earlier Business Day after the special Record Date (A) designated by the Company in writing to which the Trustee and (B) agreed to by the Trustee as being reasonably practicable for the payment of such defaulted interestshall agree.”

Appears in 1 contract

Samples: Indenture Amendment (Healthsouth Corp)

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Amendment to Indenture. Section 2.11 2.12 of the Indenture is hereby amended by deleting the second paragraph thereof in its entirety and replacing it with the following: “If the Company defaults in a payment of interest on Notes of a particular maturitythe Notes, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, to the Persons who are Holders of such Notes on a subsequent special Record Date established by the Company. At least 15 days before the subsequent special Record Date, the Company shall mail to each Holder of such NotesHolder, as of a recent date selected by the Company, with a copy to the Trustee, a notice that states the subsequent special Record Date, the amount of defaulted interest and interest payable on such defaulted interest, if any, to be paid and the date on which payment shall be made to the Holders of such NotesHolders, which date shall be either (i) the fifteenth day after the special Record Date or the next succeeding Business Day if such date is not a Business Day, or (ii) or (ii) such earlier Business Day after the special Record Date (A) designated by the Company in writing to which the Trustee and (B) agreed to by the Trustee as being reasonably practicable for the payment of such defaulted interestshall agree.”

Appears in 1 contract

Samples: Indenture Amendment (Healthsouth Corp)

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