Common use of Apportionment of Semi-Annual Interest Payment on Unsecured Notes Clause in Contracts

Apportionment of Semi-Annual Interest Payment on Unsecured Notes. (i) All interest, and all fees which are expressed to accrue by reference to time elapsed, are based on contractual rates, as set forth in the Unsecured Notes. For the avoidance of doubt (A) such interest is payable by HTCC in respect of each Interest Period on each Interest Payment Date (each such term as defined in the Unsecured Notes) in US dollars in advance and (B) the apportionment set forth in (ii) below shall relate to the Interest Period during which time the Closing shall occur.

Appears in 8 contracts

Samples: Hungarian Telephone & Cable Corp, Hungarian Telephone & Cable Corp, Hungarian Telephone & Cable Corp

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